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Northmarq · 11 hours ago

Agency Asset Manager

Dallas, Texas, United States

Full-time

Onsite

Mid, Senior Level

4+ years exp

Northmarq is a unique capital markets resource for commercial real estate investors, providing access to experts in various financial services. The Agency Asset Manager will be responsible for underwriting borrower consent requests, mentoring team members, and managing a portfolio of Agency and/or CMBS loans, with a focus on commercial mortgage risk management and customer service.

Real Estate Investment

Responsibilities

Provide premier customer service to lenders, borrowers, and other servicing staff and regional offices

Manage a portfolio of Agency and/or CMBS loans with varying requirements and regulations

Underwrite and make recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers, loan assumptions, etc

Coordinate with legal counsel and borrowers to document and close transactions upon final lender approval

Provide training and mentoring across the team on areas of expertise including risk management, underwriting and general CRE knowledge

Assist team members on advanced or complicated consent requests

Calculate and coordinate loan payoff requests, including yield maintenance calculations

Assist Manager(s) with monitoring team tasks, reviewing write-ups/recommendations, quality control, and lender feedback

Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Freddie Mac and conduit lenders

Follow up with borrowers regarding variances and general income and expense questions

Perform financial covenant testing calculations including NOI, DSCR, debt yield, etc

Review property repair verification inspections conducted by third party vendors and regional offices

Follow up with borrowers to resolve any post-closing deferred maintenance items or other high-risk items identified during the annual inspection

Process insurance loss requests, manage proceeds, and monitor the restoration of the property

Review and make recommendations for releases from reserves including capital expenditure, repair, debt service reserve, rental achievement, TI/LC, and insurance loss

Monitor and update monthly loan reports utilized by lenders and management to analyze portfolio risk

Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system

Monitor and collect outstanding mortgage payments, carefully documenting collection efforts

Minimal business travel for lender visits, industry/company conferences, etc. (1-3 times per year)

Serve on procedure committees updating policies for the Portfolio & Asset Management Department

May participate in department strategic initiatives

Perform other reasonable tasks/projects as assigned within department

Qualification

Commercial real estate financeUnderwritingAsset managementMicrosoft ExcelFinancial analysisLeadershipCommunicationOrganizational skillsProblem solvingAttention to detail