Language Fluency: English (Required)

Work Shift:

Please review the following job description:

Support loan asset management functions for commercial mortgage loans on behalf of the lender with a particular focus on the collateral (typically income-producing real estate). Support the processing of borrower requests as well as the general enforcement of loan documents.

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.

• Accurately and efficiently produce required analyses of operating statements and related financial statements of commercial income-producing properties and sponsors including identifying and researching variances normalizing and otherwise adjusting the statements per lender requirements.
• Perform (or review third-party) property inspections to verify sufficient maintenance of collateral identify and report life safety issues and other items of deferred maintenance. Prepare and transmit the resulting reports to the lender in a timely fashion (per lender deadlines).
• Support the analysis underwriting and recommendation of various borrower requests including but not limited to requests for loan modifications collateral releases prepayment maturity extensions sales/assumptions and consent to tenant leases.
• Analyze and process borrower requests for releases of funds from various reserve accounts including but not limited to reserves for replacing capital items reserves for leasing commissions and tenant improvements and holdbacks for repairs or improvements.
• Analyze and support the processing of proceeds from insurance loss claims.
• Support the collection of delinquent loan payments as well as the reporting of same.
• Assist in the accurate and timely maintenance of the loan servicing system database regarding the loan accounting records collateral-and borrower-related records or other relevant records.
• Identify and report borrower breaches of loan document requirements and report to managers of the department.

Qualifications

Required Qualifications:

The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelors degree or equivalent education and related training
• Good written and verbal communication skills
• Ability to efficiently and consistently produce accurate work
• Basic understanding of property financial statements loan accounting concepts including interest accrual methodologies and amortization
• Ability to read and comprehend most provisions of common commercial real estate loan documents
• Demonstrated proficiency of basic computer skills such as Microsoft applications
• Basic-level skills with Adobe Acrobat (i.e. creation and manipulation of .PDF files)
• Ability to travel occasionally overnight

Preferred Qualifications:

• One year of experience with commercial real estate finance
• Working knowledge of the commercial lending programs of HUD Fannie Mae Freddie Mac and Commercial Mortgage Backed Securities (CMBS) conduits including the roles and responsibilities of servicers
• Working familiarity with commercial property operating statements
• Basic knowledge of engineering architectural and landscape maintenance concepts as they relate in a practical manner to commercial structures
• Basic knowledge of the commercial building construction process and construction lending
• Basic knowledge of real estate law concepts