Senior Associate

Responsibilities

• Perform loan surveillance activities for student, seniors, and multifamily housing in compliance with Agency investor requirements.
• Maintain loan servicing files with detailed documentation in an organized manner.
• Collect and analyze financials.
• Communicate escrow analysis changes.
• Deliver delinquency notices.
• Process replacement reserve draws.
• Process and document post-closing transactions including property management changes, collateral releases, assumptions and transfers.
• Process loan payoff and payoff by assignments by coordinating interdepartmental efforts and applicable internal and Agency approvals.
• Identify and assess loan risk and mitigants.
• Orchestrate loan workout activities with borrowers, operators, management agents, agencies, and legal counsel.
• Calculate quarterly specific reserve and analyze loss share liability.
• Conduct and write up MBA property inspections independently and monitor deferred maintenance repairs.
• Write up watchlist risk memos for quarterly risk meetings and present to senior management.
• Work professionally and harmoniously with team and coworkers.
• Other projects and duties as assigned.

Qualifications

• More than 7 years of associate or equivalent experience.
• Bachelor’s Degree in business administration, finance, accounting or related area.
• MBA certified to independently conduct property inspections.
• Comprehensive understanding of multifamily real estate, loss mitigation terms, and agency life of loan functions and players.
• Ability to independently analyze real estate financials: Income Statement, Cashflow statement, Balance Sheet, Rent Roll.
• Comprehensive understanding of PSA/SSA and agency loan agreements to understand loan terms, covenants, and remedies.
• Comprehensive knowledge of servicer advancing on tax, insurance, and principal & interest as well as reimbursement process, with ability to reconcile.
• Proficiency in Microsoft Office and list other relevant systems or software.
• Excellent organizational, communication, presentation, and interpersonal skills.
• Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines.
• Ability to manage multiple assignments ant transactions simultaneously.

Preferred Qualifications

• Experience working with Fannie Mae and Freddie Mac multifamily loan servicing and products, and/or CMBS loans in Special Servicing.

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