RCC Multifamily Asset Manager II (Fannie Mae Portfolio)

M&T Bank; Baltimore (MD); On-site; USD 91,000 - 152,000; Full time

Job summary

M&T Realty Capital Corporation, a subsidiary of M&T Bank, seeks a skilled professional for servicing and asset management of multifamily loans. The role encompasses reviewing financial statements, processing loan requests, and maintaining communication with borrowers, requiring a Bachelor’s degree and extensive experience in the field.

Qualifications

• 4 years related multifamily/commercial real estate industry experience.
• Experience in loan administration, asset management/servicing, or underwriting.
• Ability to function effectively as a team member.

Responsibilities

• Review and analyze financial statements and property inspections.
• Serve as the key point of contact for borrowers on servicing-related matters.
• Train and mentor junior staff in servicing and asset management.

Skills

Communication

Interpersonal Skills

Detail Oriented

Time Management

Education

Bachelor's Degree

Combined minimum of 8 years higher education and/or related work experience

Tools

Microsoft Office Systems

Job description

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.

Overview:

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 in accordance with their requirements.

Primary Responsibilities:

• Review, analysis and processing of 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
• Other responsibilities may include the processing of construction and sub rehabilitation loans, and all job functions related to those transactions
• Additional responsibilities include training, coaching and otherwise provide guidance to less experienced Servicing staff and serve as a point of reference for servicing and asset management related questions
• Throughout the life cycle of each assigned loan, serve as the key point of customer contact with the borrower on servicing- and asset management-related matters.
• Willingness to travel out of state and stay overnight.
• Complete other related duties as assigned.

Scope of Responsibilities: Approximately 150 loans, to include about 25% manufactured housing.

Education and Experience Required:

Bachelor's degree with 4 years related multifamily/commercial real estate industry including loan administration, asset management/servicing or underwriting experience relating to multifamily/commercial real estate loan transactions or in lieu of a degree a combined minimum of 8 years 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:

Previous Fannie Mae multifamily asset management experience

Why Choose MTRCC:

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 $91,061.75 - $151,769.58 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. Location: Baltimore, Maryland, United States of America