Agency Asset Manager, Freddie Mac

Overview

Responsibilities

• Manage a portfolio of increasingly complex commercial real estate loans while strengthening relationships with key lenders and support senior team members with key tasks on more complex commercial real estate loans.
• Work with a diverse range of Freddie Mac lenders, companies, private clients, and investment lenders, providing a personalized, client-centric experience tailored to each lender’s specific guidelines and requirements.
• Provide premier customer service to lenders, borrowers, other servicing staff, and regional offices.
• Analyze and make recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers etc.
• Review and make recommendations for releases from reserves including capital expenditure, repair, debt service reserve, rental achievement, TI/LC, and insurance loss.
• Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Freddie Mac and conduit lenders.
• Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system.
• Calculate and coordinate loan payoff requests, including yield maintenance calculations.
• Coordinate with legal counsel and borrowers to document and close transactions upon final lender approval.
• Monitor and update monthly loan reports utilized by lenders and management to analyze portfolio risk.
• Process insurance loss requests, manage proceeds, and monitor the restoration of the property.
• Follow up with borrowers to resolve any post-closing deferred maintenance items or other high-risk items identified during the annual inspection.
• Follow up with borrowers regarding variances and general income and expense questions.
• Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
• Assist Manager(s) with monitoring team tasks, reviewing write-ups/recommendations, quality control, and lender feedback.
• Perform financial covenant testing calculations including NOI, DSCR, debt yield, etc.
• Review property repair verification inspections conducted by third party vendors and regional offices.
• Provide training and mentoring across the team on areas of expertise including risk management, underwriting and general CRE knowledge.

Qualifications

• Bachelor’s Degree, preferably in the finance, real estate, or accounting area.
• 4-7 years of experience in finance or accounting.
• Strong skills in Microsoft Outlook, Excel, and Word
• Strong knowledge of commercial real estate finance and commercial loan terminology
• Demonstrate strong analytical, asset management and underwriting skills.
• Demonstrated leadership and training abilities
• Excellent verbal and written communication skills
• Strong organizational and prioritization skills, with ability to manage multiple assignments while meeting deadlines
• Ability to work both independently and within a team, with minimal supervision
• Attention to detail and accuracy required
• Problem-solving skills to reflect level of responsibilities
• Ability to maintain sensitive and confidential information

Preferred Qualifications

• Background in commercial lending or asset management preferred.

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