Fannie Mae Multifamily Senior REO Manager

CWCapital•Dallas, TX

1d•Onsite

About The Position

This position is part of a team that focuses on the management and resolution of multifamily Real Estate Owned ("REO") within CW's Fannie Mae REO Asset Management assignment. The position will office in Dallas, Texas (Las Colinas) or Washington, D.C.

Requirements

Background in multifamily structured finance or commercial real estate.
Minimum 10+ years of experience in multifamily asset management, special credits, or asset resolution.
Strong analytical and valuation skills with a focus on commercial multifamily assets.
Excellent written and verbal communication skills, including when dealing with new markets.
Exceptional time management skills, with the ability to handle multiple projects and deadlines.

Responsibilities

Perform site inspections of REO and Receivership assets across the US with a view toward property manager oversight, understanding of deferred maintenance, submarket conditions, asset positioning, and asset valuation.
Review and evaluate third party reports, including Broker Price Opinions, Appraisals, Phase I Environmental Site Assessments, and Property Condition Assessments.
Work with property managers to create property operating plans, including operating budgets and capital expenditure projections, providing these plans to Fannie Mae, and working with Fannie Mae to agree on conclusions.
Perform asset valuation analysis using financial models, market data, and cash flow projections.
Work with property managers to maximize asset value by ensuring strong tenant credit standards, collections, and accurate reporting.
Interface with outside counsel to resolve property legal issues and during the asset sale process.
Work with CW's disposition team and Marketplace platform to make recommendations as to asset stabilization paths or liquidation alternatives.
Ensure compliance with internal policies and servicing agreements for assigned REO assets.
Communicate analysis and recommendations clearly to CW leadership and Fannie Mae through written reports and direct interactions, including the use of CW's market-leading asset management software, RealINSIGHT.
Present strategic recommendations and analytical findings to CW leadership and Fannie Mae to support business decisions and portfolio strategy.