Agency Asset Manager, Freddie Mac

Job Description

Overview

At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!

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.

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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About Company

Northmarq is seeking an experienced Agency Asset Manager, Freddie Mac to join their Bloomington, MN headquarters office. This position requires a deadline-driven, service-focused, and detail-oriented individual who will be responsible for underwriting borrower consent requests, mentoring and training others within the department, calculating/coordinating loan payoffs, new loan audits, financial statement and rent roll analysis, watchlist monitoring, reserve disbursement requests, processing insurance losses, and satisfying investor requirements. Focus will be on commercial mortgage risk management and customer service. Additional responsibilities may be added to align with department strategies and objectives. *This role supports a flexible schedule that prioritizes in‑office teamwork, with flexibility for remote work when appropriate.