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M&T Bank

RCC Senior Asset Manager (Bridge/Balance Sheet)

M&T Bank, Baltimore, Maryland, United States, 21201

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M&T Realty Capital Corporation Job

M&T Realty Capital Corporation is a wholly-owned subsidiary of M&T Bank. As a full-service mortgage banking company, we specialize in providing competitive financing nationwide for commercial real estate. The primary function of this position is the servicing and asset management of multifamily loans originated by M&T Realty Capital Corporation for Fannie Mae, Freddie Mac, FHA/GNMA, Life Companies and other investors, in accordance with their requirements, and also including the servicing of bridge and mezzanine loans retained by M&TRCC. Primary responsibilities include: Review, analysis and processing of complex financial statements, performing and reviewing property inspections Completing reserve for replacement and non-critical draw requests Escrow processing, and the review and processing of easement requests, ownership changes and other servicing and asset management functions that may arise Processing of construction and sub rehabilitation loans Training, coaching and providing guidance to less experienced Servicing staff Serving as the key point of customer contact with the borrower on servicing- and asset management-related matters Ensuring timely and accurate upload of financials, inspections and release from escrows in accordance with program requirements Willingness to travel out of state and stay overnight Understanding and adhering to the Company's risk and regulatory standards, policies and controls Promoting an environment that supports belonging and reflects the M&T Bank brand Maintaining M&T internal control standards Completing other related duties as assigned Scope of Responsibilities: Supervisory/Managerial Responsibilities Education and Experience Required: Bachelor's degree and a minimum of 5 years' related work experience including loan administration, asset management/servicing or underwriting experience relating to complex multifamily/commercial real estate loan transactions or in lieu of a degree, a minimum of 9 years' combined higher education and/or related work experience. Experience with a variety of software applications including Microsoft office systems and commercial loan information systems. Strong communication skills. Good interpersonal skills with the ability to interact with all levels of personnel. Ability to function effectively as a team member. Detail oriented and good time management skills. Education and Experience Preferred: MBA/Advanced Degree, 5 years of agency multifamily or bridge/balance sheet asset management experience. Why Choose M&TRCC: We are 1 of 5 US-based lenders offering Fannie Mae, Freddie Mac, FHA, bridge loans, life company, debt funds and other capital source relationships. Our parent company, M&T Bank, is one of the largest commercial real estate lenders in the United States. We leverage the power of our balance sheet and other financial services to provide a wide array of resources to fit our clients' needs. Approved Fannie Mae DUS and Freddie Mac Optigo lender since 1989. One of the nation's leading firms providing FHA-insured multifamily mortgages and an approved MAP lender with 30+ years of experience. We offer a competitive Multifamily Bridge Loan Program aimed at providing customers with shorter-term financing solutions as a bridge to closing on an agency or life company execution. Our long-standing relationships with numerous life insurance company investors gives us flexibility during the term of a loan. M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $107,656.56 - $179,427.60 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.