AVP, Risk Management

Arbor Realty Trust•Atlanta, GA

21h

About The Position

The AVP, Risk Management, is responsible for managing the Special Servicing of a portfolio of Agency (Freddie Mac and/or Fannie Mae) loans, which are in default or considered to be in imminent default. The position requires proactive asset management and timely resolution of the assigned portfolio of distressed CRE mortgage loans. The primary function of the Special Servicer is to manage non-performing loans in accordance with the applicable investor Seller/Servicer Guides. Risk Management’s objective is to pursue the best resolution path that maximizes the recovery.

Requirements

Bachelor’s degree in Business, Finance, Real-Estate or a related discipline or equivalent work experience preferred.
5+ years loan asset management experience with working knowledge of Special Servicing, bankruptcy and loan workouts.
Intermediate Microsoft Office Skills
Strong analytical, research and reporting skills
Strong negotiation and communication (both verbal and written) skills
Extremely high attention to detail and accuracy
Comfortable interpreting legal documents such as loan agreements
Strong organizational, time management, and prioritization skills
Ability to work independently and on teams in a fast-paced environment with strict deadlines

Responsibilities

Monitor quality and performance of a non-performing loan portfolio from Default through resolution
Ability to structure and execute resolution strategies (i.e. Foreclosure, Forbearance, Note Sale, DPO, Loan Modification or Reinstatement) in conjunction with the Investor goals
Perform comprehensive analysis of property cash flow, markets, collateral, and valuation while determining possible alternatives for default resolution
Partner closely with Agency Asset Management counterparts, to carry out desired resolution strategy
Review legal filings for accuracy and completeness
Prepare payoff/ reinstatement calculations
Prepare quarterly Loan Loss calculations
Review property condition assessment (PCA) reports to understand the scope of immediate repairs needed at the collateral property
Review property appraisal reports to understand the As-Is and As Stabilized values and impact on loss exposure
Understanding of legal contracts, bankruptcy law, foreclosure process, and loan servicing agreements
Lead, engage and interact with third parties including attorneys, receivers, management companies, brokers, appraisers, and environmental firms and engineers
Conduct Physical Property inspections, as required, in order to evaluate property condition
Provide timely written updates to senior management and investors
Present recommendations in a clear and concise manner
Request and review documentation supporting servicing advances
Will assist the VP/ SVP, Risk Management on ad-hoc projects and requests from Senior Management
Will work independently to identify problems and provide solutions to management