Asset Manager

NewPoint Real Estate Capital; Plano (TX); On-site; USD 95,000 - 130,000; Full time

Job summary

NewPoint Real Estate Capital is seeking an Asset Manager to join the Agency Asset Management team. You will manage a portfolio of Fannie Mae and Freddie Mac multifamily loans, ensuring agency compliance and optimizing performance throughout the loan lifecycle.

The role requires strong financial modeling, risk analysis, and communication skills, with travel for site assessments nationwide and collaboration with various internal and external stakeholders.

Qualifications

• Minimum 5 years of experience in commercial/multifamily asset management or loan servicing.
• Strong knowledge of Fannie Mae and Freddie Mac multifamily programs.
• MBA and Agency inspection certification a plus.

Responsibilities

• Serve as the primary point of contact for borrowers on assigned loans.
• Monitor property performance, financial health, and risk indicators across occupancy, expenses, NOI, debt service coverage, and LTV.
• Manage covenant compliance, borrower requests, and post-closing activities.
• Conduct surveillance and risk assessments for watchlist or special credit loans with site visits nationwide.
• Evaluate and underwrite borrower credit transactions including assumptions, transfers, easements, and releases of collateral.
• Ensure adherence to Fannie Mae and Freddie Mac servicing guidelines.
• Make recommendations on monetary and covenant defaults.
• Maintain knowledge of local and regional market conditions using CoStar, RCA, and Moody’s/REIS.
• Collaborate with internal teams and external stakeholders to maintain portfolio health.

Skills

Financial modeling

Risk analysis

Communication

Organizational skills

Education

Bachelor’s degree in Finance/Real Estate/Business

Tools

CoStar

Real Capital Analytics (RCA)

Moody’s/REIS

Job description

We are seeking an Asset Manager to join our Agency Asset Management team. This role is responsible for managing a portfolio of Fannie Mae and Freddie Mac multifamily loans, ensuring compliance with agency guidelines and documents, mitigating risk, and optimizing asset performance throughout the loan lifecycle.

Duties and responsibilities

• Serve as the primary point of contact for borrowers on assigned loans.
• Monitor property performance, physical condition and financial health; identify and address risk indicators specific to physical and economic occupancy trends, property expenses, net operating income, debt service coverage, loan to value, and other relevant performance metrics.
• Manage covenant compliance, borrower requests, and post-closing activities.
• Conduct surveillance and risk assessments for watchlist or special credit loans, including travel to conduct site assessments for properties located nationwide.
• Evaluate, underwrite and make recommendations for borrower credit transactions including loan assumptions, transfers of borrower interest, easements, property management change requests, and releases of collateral.
• Ensure adherence to Fannie Mae and Freddie Mac servicing guidelines.
• Make recommendations regarding monetary and performance/covenant defaults.
• Maintain a working knowledge of relevant local and regional market conditions to understand possible impacts to the collateral, with strong knowledge of resource tools such as CoStar, Real Capital Analytics (RCA) and Moody’s/REIS.
• Collaborate with internal teams and external stakeholders to resolve issues and maintain portfolio health.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Business or related field; advanced degree or certifications preferred.
• Minimum 5 years of experience in commercial/multifamily asset management or loan servicing.
• Strong knowledge of Fannie Mae and Freddie Mac multifamily programs.
• MBA and Agency inspection certification a plus.
• Proficiency in financial modeling and risk analysis.
• Excellent communication and organizational skills.