Asset Manager - Freddie Mac

ThinkingAhead; United States; Hybrid; USD 80,000 - 120,000; Full time

Job summary

A national non-bank lender is seeking an Asset Manager/Senior Asset Manager for their Freddie Mac team. The role involves managing a diverse portfolio of loans, ensuring compliance with requirements, and providing exceptional service to clients while focusing on risk management in commercial mortgages. Candidates should have a strong finance or real estate background and be skilled in asset management and underwriting.

Qualifications

• 4-6 years of experience in finance or accounting, preferably in GSE asset management.
• Demonstrated strong analytical, asset management, and underwriting skills.

Responsibilities

• Manage a portfolio of Freddie Mac multifamily loans with varying requirements.
• Calculate and coordinate loan payoff requests, including yield maintenance calculations.
• Analyze financial statements for multifamily and commercial properties.

Skills

Analytical skills

Asset management

Underwriting skills

Commercial real estate finance knowledge

Microsoft Excel

Microsoft Word

Microsoft Outlook

Education

Bachelor’s Degree in finance, real estate, or accounting

Job description

Well-established national privately held non-bank lender is seeking an Asset Manager / Senior Asset Manager to add to their Freddie Mac team.

Depending on their experience, the successful candidate will manage a portfolio of 80-120 Freddie Mac loans. Hybrid commute to a couple of preferred offices 3 days a week.

MULTIFAMILY AGENCY (FANNIE MAE OR FREDDIE MAC) EXPERIENCE REQUIRED PLEASE.

They will be responsible for calculating/coordinating loan payoffs, new loan audits, financial statement and rent roll analysis, watchlist monitoring, reserve disbursement requests, processing insurance losses, and satisfying investor requirements. Focus will be on commercial mortgage risk management and customer service.

Position Responsibilities:

• Provide premier customer service to lenders, borrowers, other servicing staff and regional offices.
• Manage a portfolio of Freddie Mac multifamily loans with varying requirements and regulations.
• 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.
• Calculate and coordinate loan payoff requests, including yield maintenance calculations.
• 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).

Qualifications:

• Bachelor’s Degree, preferably in the finance, real estate, or accounting area.
• 4-6 years of experience in finance or accounting. Background in GSE asset management strongly preferred.
• Strong skills in Microsoft Outlook, Excel, and Word.
• Strong knowledge of commercial real estate finance and commercial loan terminology.
• Demonstrate strong analytical, asset management and underwriting skills.

Reach out to learn more or nominate a qualified candidate.

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