Portfolio Manager, Commercial Servicing

Onity Group Inc.; United States; On-site; USD 60,000 - 73,000; Full time

Job summary

Onity Group Inc. seeks a Portfolio Manager, Commercial Servicing to oversee a portfolio of commercial real estate loans. You will serve as the primary contact for borrowers and investors, manage delinquencies, and coordinate with internal teams to resolve loan issues with professionalism.

The role requires customer-facing excellence, collaboration with portfolio analysts, and adherence to investor servicing guidelines. A four-year degree and 2+ years in loan servicing are preferred.

Qualifications

• Four year degree from an accredited University preferred or equivalent work experience
• Minimum of 2 years of loan servicing experience required
• High attention to detail
• Knowledgeable in Word, Excel, Outlook, CoPilot, and other information processing programs
• Bilingual (English and Spanish) is considered a plus
• Self-motivated and works independently
• Customer service oriented
• Team player
• Flexible
• Ability to perform complex calculations using calculators and systems
• Ability to reason and exercise sound judgment
• Ability to handle sensitive and confidential information appropriately
• Outstanding communications skills (verbal, written and listening) with emphasis on customer service and relationship building

Responsibilities

• Maintain frequent contact with borrowers and/or third-party representatives as the elevated point of contact regarding the status of the account; respond to investor requests; obtain payment arrangements as needed
• Maintain professionalism during all interactions
• Perform daily customer service activities including contacting delinquent borrowers and assisting with repayment options; document the reason for delinquency and other notes
• Review daily reports to identify workflow priority
• Support Portfolio Analyst to monitor delinquent loans and pursue actions to resolve delinquencies
• Analyze property operating statements and rent rolls as part of Watchlist monitoring
• Assist in resolving significant property issues and seek borrower rectification
• Administer portfolio Watchlist reporting to identify issues
• Coordinate with internal departments for investor requirements and borrower requests
• Complete borrower requests with required documentation and analysis
• Assist with audits and update internal policies and procedures
• Other duties as assigned

Skills

Loan servicing

Customer service

Attention to detail

Bilingual (English/Spanish)

Education

Bachelor’s degree or equivalent experience

Tools

Word

Excel

Outlook

CoPilot

Job description

Job Description

The Portfolio Manager, Commercial Servicing will provide oversight for the performance of an assigned portfolio of commercial real estate loans. This is an individual contributor role that reports to a Supervisor/Manager and will work hand-in-hand with a team of Portfolio Analysts / Associates and various internal business units. The Portfolio Manager will serve as the elevated point of contact for the borrower and the assigned investor(s), provide oversight of an assigned portfolio, facilitate borrower requests, and manage delinquency resolution. This position requires the ability to perform customer relationship functions, respond to investor requests, review loan documents, compliance, quality control, and resolve a wide spectrum of borrower related inquiries related to commercial loan servicing. This is a customer-facing position, and all interactions must be handled with a high degree of professionalism, courteous customer service, and promptness. Agents in this role are required to adhere to investor servicing guidelines, internal policies and procedures.

Job Functions And Responsibilities

• Customer Service:
• Maintain frequent contact with borrowers and/or third-party representatives as the elevated point of contact regarding the status of the account; respond to assigned investor(s) requests; obtain payment arrangements as needed.
• Maintain professionalism during all interactions.
• Perform daily customer service activities including but not limited to: contacting customers who are delinquent with their loan payments and assist with repayment options, complete financial interviews with customers, and document the reason for payment delinquency, inquire about FEMA declared disaster impact, etc.
• Portfolio Oversight and Servicing:
• Review daily reports to identify workflow priority.
• Effectively navigate and use the team’s user resource manual to locate information independently and assist with customer questions.
• Support Portfolio Analyst to monitor all delinquent commercial loans and pursue a course of action to resolve and decrease delinquencies and maintain current roll-rates.
• Performresearch to determine guidelines and requirements related to investor, borrower requests and/or loan issues and bring to swift resolution
• Clear surveillance related activities to include Tax, Insurance, Escrow Analysis, Suspense, and Task management, etc.
• Analyze property operating statements and rent rolls as part of Watchlist monitoring and collateral review.
• Assist to resolve significant property issues and seek borrower rectification of the same.
• Administer individual portfolio Watchlist reporting to proactively identify property and borrower’s issues.
• Obtain working knowledge of the servicing agreements directing investor requirements for various borrower’s requests
• Coordinate with internal departments for management of assets.
• Other duties as assigned.
• Complete Borrower Requests:
• Document all borrower requests in the Company’s system of record
• Assemble the required documentation to prepare a thorough analysis and management resolution write-up to support a recommendation of borrower special requests
• General familiarity with the following requests, documentation requirements, and processes:
• Assumption
• Insurance Loss Processing
• Lender Placed Insurance
• Loan Maturity Extension
• Loan Modification
• Partial Release of Collateral
• Other Responsibilities and Requirements:
• Ability to handle large volumes of data effectively.
• Adapt quickly to various requests from multiple sources.
• Prioritize multiple, simultaneous incoming requests.
• Generate reports for investors as required.
• Coordinate with internal departments for servicing functions as required.
• Review and update internal policies and procedures as required.
• Assist with audits as requested.Other duties as assigned.

Qualifications

• Demonstrates positive attitude, adds to a positive team morale, and is eager to take on and learn new things
• Four year degree from an accredited University preferred or equivalent work experience
• Minimum of 2 years of loan servicing experience required
• High attention to detail
• Knowledgeable in Word, Excel, Outlook, CoPilot, and other information processing programs
• Bilingual (English and Spanish) is considered a plus
• Self-motivated and works independently
• Customer service oriented
• Team player
• Flexible
• Ability to perform complex calculations using calculators and systems is required
• Ability to reason and exercise sound judgment
• Ability to handle sensitive and confidential information appropriately
• Outstanding communications skills (including verbal, written and listening skills), with an emphasis on strong customer service, professional relationship building skills, conflict resolution, and having difficult conversations

Training / Licensing Requirements

• Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

The salary range for this position is expected to be $60,000 to $72,500 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for quarterly bonus based on performance and subject to the terms of the Company’s applicable plans.

About Us

Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its subsidiary, Onity Mortgage, formerly known as PHH Mortgage. Onity Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to customers, clients and investors.

At Onity, we strive to earn our customers’ loyalty every day. We do this by consistently delivering exceptional service and building trust through reliability, integrity, and following through on our commitments. We operate through the lens of the customer, understand the importance of homeownership, and take pride in helping homeowners. Collectively this fosters long-term relationships, ensuring our customers feel valued and supported. We expect all employees to interact with and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our service delivery standards.

Onity is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to inclusion and equal opportunity ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more. Visit jobs.onitygroup.com for details.