Senior Asset Manager, Commercial Servicing

Posted 1hrs ago

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Job Description

Senior Asset Manager overseeing CRE loan portfolios, borrower requests, covenants, and investor reporting. Supporting Onity Mortgage’s non-bank mortgage servicing and lending operations.

Responsibilities:

  • Provide proactive monitoring and surveillance of assigned assets securing CRE loans
  • Serve as point of contact for borrowers, investors, third parties, and internal business units
  • Provide oversight of an assigned portfolio and facilitate borrower requests
  • Monitor and enforce loan covenants, letters of credit, escrow and reserve functions, insurance compliance, and financial performance
  • Perform quality-control checks of loan boarding against loan documents
  • Coach and train Asset Managers on CRE loan documents, complex assets, financial analysis, pro formas, and construction draws
  • Interpret rent rolls, financial statements, property inspections, and other documents to identify potential performance issues
  • Spread and analyze property-level financial statements
  • Create pro formas based on historical property performance
  • Resolve delinquent payment issues with borrowers and investors
  • Calculate amortization, interest, default interest, prepayment premiums, yield maintenance, and escrow constants
  • Create, maintain, and monitor investor-level watchlists
  • Lead client calls and meetings regarding loan performance issues
  • Review borrower loan draws and administer construction/rehabilitation loan covenants
  • Engage borrowers regarding exit strategies and market conditions as projects approach maturity
  • Prepare, collaborate on, and review CREF-C reporting packages
  • Act as first point of contact for team escalations and escalate items to management
  • Read and interpret CRE loan documents to determine borrower request eligibility
  • Discuss borrower requests with borrowers and investors and resolve submissions
  • Prepare presentation-level write-ups and recommendations for borrower requests
  • Review and approve Asset Manager write-ups
  • Process assumptions, collateral substitutions, insurance losses, insurance non-compliance, lender-placed insurance, maturity extensions, loan modifications, partial collateral releases, and property management changes
  • Generate investor reports and presentations
  • Coordinate with internal departments, update policies and procedures, assist with audits, and lead team trainings
  • Perform other duties as assigned

Requirements:

  • Minimum of 8 years of CRE loan servicing experience required
  • Four-year degree from an accredited university preferred or equivalent work experience
  • Familiarity with the full CRE loan life cycle from onboarding through Mortgage Satisfaction
  • Strong proficiency in Word, Excel, Outlook, CoPilot, and other information processing programs
  • 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 verbal, written, and listening communication skills
  • Strong customer service, professional relationship-building, and conflict-resolution skills
  • Ability to handle difficult conversations
  • Self-motivated and able to work independently
  • High attention to detail
  • Must pass the Company's background screening process before beginning employment
  • May be required to pass client-specific background checks or applicable federal/state licensing requirements
  • 1–2 years in a leadership position preferred
  • Bilingual English and Spanish considered a plus
  • Previous REALSynergy servicing system experience considered a plus

Benefits:

  • Annual performance-based bonus
  • Medical, dental, and vision coverage
  • Up to 3% match on 401(k) contributions
  • Generous paid time off
  • Company-paid life, accident, and disability coverage
  • Mental, physical, and financial wellness programs
  • Equal employment opportunity and accommodation support