centerline capital group

Job Description

Watchlist Asset Manager/Portfolio Management/Agency Servicing - Irving, TX

Basic Function	Position requires proactive asset management and timely execution of duties of an assigned portfolio of Fannie Mae and/or Freddie Mac Watchlist multifamily loans.
Primary Duties	• timely analysis/review of quarterly loan level operating statements • responsible for quarterly action plans/loan level reviews for in house risk management as well as agency risk management • risk rating analysis for assigned loan portfolio (internal and external parameters) • recommends transfer of problem loans to Special Servicing group • review and follow up on physical property inspections (conduct site visit inspection on occasion throughout USA), deferred maintenance monitoring and follow up • delinquency monitoring and appropriate follow up actions • processing management company changes • review, approve and disburse replacement reserves, special escrows including achievement escrows • cap/swap/hedge monitoring for loan level documents if applicable • knowledge of and ability to process transactions such as payoffs, defeasances, easements, condemnations, SNDA’s • knowledge of agency investor requirements regarding loan document modifications • respond to all customer inquiries regarding their account • Identifies and evaluates performing and troubled markets within the assigned portfolio • meet stringent deadlines and work quality standards • Communicate with agency investors for loan level concerns such as status of loan, project and borrower • work with departmental management to document and streamline internal processes • also involved with other areas within the company to assist with portfolio retention.
Experience	• Five to seven years directly related work experience is a must • Previous hands-on asset management experience with Fannie Mae and Freddie Mac multifamily loans • Exposure to multifamily real estate development, property management and/or underwriting is helpful • Previous experience in multifamily special servicing is helpful • Experience with various computer software applications, including Microsoft Word, Excel, Fannie Mae HCD systems and Freddie Mac MultiSuite.
Skills	• Solid understanding of commercial real estate loan servicing, asset management and lending • Strong leadership abilities with demonstrated ability to help develop team members • Ability to multi-task and prioritize work • Strong analytical and problem solving skills • Ability to interact with all levels of internal and external customers, ability to function both independently and as part of a team
Education	• BS/BA degree in real estate finance or a related discipline is required. Please forward resume to Chad Baird