Associate Commercial Mortgage Loan Analyst
About The Position
As a member of the Asset Management Team within the Real Estate Investments Division, job responsibilities include managing the day-to-day operations of a designated portfolio of loans, entering and verifying all property related information, operating statement and rent roll data, borrower financial information, market and submarket data, comparable rent, sales and capitalization rate information and any other relevant loan information. Team members assist the Regional Managers and Legal by collecting and reviewing all required asset management loan documents, leases, surveys, title policies, organization documents, etc. Team members review and complete all post-closing servicing requests, and other loan or property related items requiring information or follow-up with the borrower. Role includes completing all loan ratings, internal valuations, loan surveillance, and other special projects as required.
Requirements
- Bachelor’s degree - Business Administration, Accounting, Finance, IT or related area of study
- 2+ years of experience working in Commercial Real Estate, Insurance, Banking or Financial Services company
- General understand of basic financial concepts
- Customer service oriented; responsive to requests from internal and external customers
- Strong computer skills, including Microsoft Office products, excel
- Strong analytical and issues resolution skills
- Work effectively in a team environment
- Strong oral and written communication skills
- Strong time management skills as well as the ability to meet deadlines
- Self-starter with leadership potential and ability to work on own
Nice To Haves
- Knowledge of insurance company mortgage lending practices
- Knowledge of mortgage loan valuation or software
Responsibilities
- Collect, standardize, record, and analyze borrower, property and operating information including by not limited to annual operating statements, rent rolls and borrower’s personal financials for a dedicated portfolio of loans.
- Ensure timely delivery and entering of all necessary borrower provided documentation.
- Complete annual rating process for assigned loan portfolio.
- Review and analyze borrower financials, property operating history, rent roll, market rental and occupancy data, location information, building characteristics and demographic information.
- Partner with the Chief Valuation Officer to determine appropriate cap rate and qualitative adjustments to conclude to a property value and overall loan rating.
- Complete loan surveillance and all borrower requests including loan assumptions, assignments, escrow draws, partial releases, and tenant lease related activities by acting as the liaison between the borrower and Lender.
- Assist home office management in all special servicing related matters in the event of a loan default.
- Manages any WatchList loans.
- Assist the home office servicing manager with all payment, tax, and insurance related issues.
- Research, review, and analyze market and submarket data and prepares periodic reports on both positive and negative trends.
- Enter and verify all property related information, operating statement and rent roll data, borrower financial information, market and, submarket data, comparable rent, sales and capitalization rate information and any other relevant loan information for all new originations.
- Maintain regular and predictable attendance.
- Perform other job-related duties or special projects as required.
Benefits
- annual bonus plan
- long-term equity incentive plan
- full range of health, retirement, and other employee benefits
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
