Northmarq
Overview
Northmarq is a unique capital markets resource for commercial real estate investors, providing access to experts in debt, equity, investment sales, loan servicing, and fund management. This position requires a deadline-driven and detail-oriented individual who will be responsible for underwriting borrower consent requests, loan covenant review and monitoring, financial statement and rent roll analysis, watchlist/surveillance, reserve disbursement requests, new loan audits, calculating/coordinating loan payoffs, and satisfying investor requirements. Focus will be on commercial mortgage risk management and customer service. The role involves ongoing training and mentoring to Asset Management Analysts, with additional responsibilities as needed to adapt to company growth. This position offers a flexible work environment and is available for an immediate start.
Responsibilities Provide premier customer service to lenders, borrowers, servicing staff and regional offices.
Plan and schedule workload to efficiently meet department benchmarks.
Manage a portfolio of Freddie Mac loans with varying requirements and regulations.
Underwrite and formulate recommendations for lender consent of borrower requests (lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers, etc.).
Monitor and follow up with borrowers on loan covenants to ensure compliance with lender standards.
Analyze annual and quarterly financial statements for multifamily and commercial properties per investor requirements (Fannie Mae, Freddie Mac, Life Companies, etc.).
Follow up with borrowers and management companies on variances and general income/expense questions.
Resolve deferred maintenance or other issues identified during annual inspections.
Review and recommend releases from reserves (replacement, repair, TI/LC, and insurance loss).
Monitor maturing loans and provide required notices to borrowers.
Monitor and update monthly loan reports for investors and management to analyze portfolio risk.
Audit new loan boarding and setup to ensure terms and covenants are captured accurately in the servicing system.
Calculate and coordinate loan payoff requests, including yield maintenance calculations.
Monitor and collect outstanding mortgage payments, documenting collection efforts.
Provide training and mentoring across the team on analysis, underwriting, and CRE knowledge.
Assist team members on advanced/complicated consent requests.
Assist Managers with monitoring tasks, quality control, and feedback.
Participate in presentations and classroom-style training for staff.
Oversee assigned lender portfolios, maintain relationships, monitor tasks, and provide internal approval of write-ups/recommendations.
Minimal business travel for lender visits, industry/conferences (1-3 times per year).
Conduct physical property inspections as needed.
Serve on procedure committees, updating policies and procedures for Portfolio Management.
Collaborate with Portfolio Management leadership to advance department goals.
Perform other reasonable tasks/projects as assigned within the department.
What We're Looking For Education:
Bachelor’s Degree required, preferably in real estate, finance, or accounting. A master’s degree is desirable but not required.
Work Experience:
10+ years of commercial real estate and/or loan underwriting experience.
Demonstrated Technical Competencies:
Strong skills in Microsoft Outlook, Excel, and Word; strong knowledge of commercial loan terminology; underwriting and/or lender asset management experience on multifamily and/or commercial properties; solid analytical and negotiating skills; solid understanding of CRE finance and capital markets.
Demonstrated Professional Competencies:
Leadership and training abilities; underwriting, modeling, and analytical skills; excellent oral and written communication; customer service orientation; strong organizational and prioritization skills; ability to work independently and in a team; willingness to work extended hours when necessary; attention to detail; problem-solving skills; ability to handle sensitive information; positive attitude.
Required Professional Certifications or Licenses:
Desired completion of the Certified Realty Investor - Associate (CRI) or CCIM exams; MBA Inspector Certified.
Compensation and Location
DC Residents: Northmarq considers multiple factors to determine compensation. Salary range for the Senior Asset Manager position is $120,000.00 to $140,000.00 annually, with potential hourly equivalents. Final offered compensation depends on skills and experience.
Industries
Real Estate Financial Services Capital Markets
Referrals increase your chances of interviewing at Northmarq. Sign in to set job alerts for “Senior Asset Manager” roles.
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Northmarq is a unique capital markets resource for commercial real estate investors, providing access to experts in debt, equity, investment sales, loan servicing, and fund management. This position requires a deadline-driven and detail-oriented individual who will be responsible for underwriting borrower consent requests, loan covenant review and monitoring, financial statement and rent roll analysis, watchlist/surveillance, reserve disbursement requests, new loan audits, calculating/coordinating loan payoffs, and satisfying investor requirements. Focus will be on commercial mortgage risk management and customer service. The role involves ongoing training and mentoring to Asset Management Analysts, with additional responsibilities as needed to adapt to company growth. This position offers a flexible work environment and is available for an immediate start.
Responsibilities Provide premier customer service to lenders, borrowers, servicing staff and regional offices.
Plan and schedule workload to efficiently meet department benchmarks.
Manage a portfolio of Freddie Mac loans with varying requirements and regulations.
Underwrite and formulate recommendations for lender consent of borrower requests (lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers, etc.).
Monitor and follow up with borrowers on loan covenants to ensure compliance with lender standards.
Analyze annual and quarterly financial statements for multifamily and commercial properties per investor requirements (Fannie Mae, Freddie Mac, Life Companies, etc.).
Follow up with borrowers and management companies on variances and general income/expense questions.
Resolve deferred maintenance or other issues identified during annual inspections.
Review and recommend releases from reserves (replacement, repair, TI/LC, and insurance loss).
Monitor maturing loans and provide required notices to borrowers.
Monitor and update monthly loan reports for investors and management to analyze portfolio risk.
Audit new loan boarding and setup to ensure terms and covenants are captured accurately in the servicing system.
Calculate and coordinate loan payoff requests, including yield maintenance calculations.
Monitor and collect outstanding mortgage payments, documenting collection efforts.
Provide training and mentoring across the team on analysis, underwriting, and CRE knowledge.
Assist team members on advanced/complicated consent requests.
Assist Managers with monitoring tasks, quality control, and feedback.
Participate in presentations and classroom-style training for staff.
Oversee assigned lender portfolios, maintain relationships, monitor tasks, and provide internal approval of write-ups/recommendations.
Minimal business travel for lender visits, industry/conferences (1-3 times per year).
Conduct physical property inspections as needed.
Serve on procedure committees, updating policies and procedures for Portfolio Management.
Collaborate with Portfolio Management leadership to advance department goals.
Perform other reasonable tasks/projects as assigned within the department.
What We're Looking For Education:
Bachelor’s Degree required, preferably in real estate, finance, or accounting. A master’s degree is desirable but not required.
Work Experience:
10+ years of commercial real estate and/or loan underwriting experience.
Demonstrated Technical Competencies:
Strong skills in Microsoft Outlook, Excel, and Word; strong knowledge of commercial loan terminology; underwriting and/or lender asset management experience on multifamily and/or commercial properties; solid analytical and negotiating skills; solid understanding of CRE finance and capital markets.
Demonstrated Professional Competencies:
Leadership and training abilities; underwriting, modeling, and analytical skills; excellent oral and written communication; customer service orientation; strong organizational and prioritization skills; ability to work independently and in a team; willingness to work extended hours when necessary; attention to detail; problem-solving skills; ability to handle sensitive information; positive attitude.
Required Professional Certifications or Licenses:
Desired completion of the Certified Realty Investor - Associate (CRI) or CCIM exams; MBA Inspector Certified.
Compensation and Location
DC Residents: Northmarq considers multiple factors to determine compensation. Salary range for the Senior Asset Manager position is $120,000.00 to $140,000.00 annually, with potential hourly equivalents. Final offered compensation depends on skills and experience.
Industries
Real Estate Financial Services Capital Markets
Referrals increase your chances of interviewing at Northmarq. Sign in to set job alerts for “Senior Asset Manager” roles.
#J-18808-Ljbffr