Requisition Number: EVALU02659
Description
Founded in early 2008, Fay Servicing committed to providing innovative servicing solutions for both performing and non-performing mortgage loans. As a specialty mortgage servicer and originator that sees the customer behind every loan, we understand that our customers aren’t loan numbers — they’re homeowners.
Before founding our company, we conducted an exhaustive analysis of the mortgage servicing industry and gained valuable insight into the problems facing mortgage servicers and their customers. With that insight we set out to build a different kind of servicing company from the ground up.
Come join us on our journey to serve our customers and be the leader in our industry! We are currently looking for a Property Acquisition Evaluator to join our team.
The Property Acquisition Evaluator will work collaboratively within the Evaluations and Acquisitions Team to complete larger scale projects in the building, developing, and managing our nationwide broker network. You will also be involved in utilizing the protocol and procedures in place for desktop bidding on renovation projects and gathering market trends and sales data to initially evaluate potential real estate assets. Your focus is on determining, in collaboration with the other team members including Estimators, the best renovation for an asset and the resulting value that can be expected upon liquidation.
What you will do for GenStone:
- The liaison between the sales team/ field operations (brokers, general contractors), the construction team (Constructive Renovations), the brokerage (GenStone), and the closing team (TCE)
- Verify that broker is providing recent ARV comparable sales within the immediate neighborhood of the asset
- Confirm broker has provided all necessary photos for desktop bid completion
- Verify current condition of subject and identify repairs needed to increase ARV
- Work with broker to narrow or broaden repair renovation scope to improve market value of asset
- Obtain county and public records to confirm improvements to the land/asset
- Verify prior sales of asset and comparable sales in the market
- Visually inspection (through photos) properties for quality of construction, current condition, special features, and functionality and how it relates to marketability
- Identify and evaluate neighborhoods where properties are situated with locations that have market trends of impeding changes that could influence future values
- Utilize third party data for recent sales and market trends
- Determine the ARV for the property, by finding comps in the immediate neighborhood
- Complete initial financial model putting together all pieces in the process thus far
- Submit for review to EA Team Manager
- Complete revision requests, which typically include phone calls and follow up emails to brokers or information data gathering from public records
What you will bring to GenStone:
- The ideal candidate will have the ability to switch gears in a fast-paced environment
- They will need to have responsible and effective written and oral communication with both internal and external parties
- Critical thinking and problem solving skills
- Sales experience preferred not required
- Knowledge of real estate purchase transactions
- Knowledge of real estate valuation techniques, particularly single-family, and the ability to apply those techniques in a real-time setting
- Experience with real estate, particularly single family, renovations/repairs
- High school diploma or GED; Bachelor’s degree preferred
- 2 + years of experience with Single Family Residence Construction, Single Family Residence Acquisition and Disposition, Valuation Techniques, Market Trends and Factors that Influence Value
We don’t just accept diversity – we support it, celebrate it, and thrive on it for the benefit of our employees, our customers and our company. We are proud to be an equal opportunity workplace where we strive to think outside, and not simply check, the box.
