Grandbridge Head of Multi-Family Lending

Truist Bank • Charlotte, NC

10d • $300,000 - $300,000

About The Position

A senior leadership position responsible for directing all business transacted with Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA). Manage all aspects of loan processing; ensure superior customer service; build a high quality multifamily loan portfolio. ESSENTIAL DUTIES AND RESPONSIBILITIES Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

Requirements

• Bachelor's degree in Business or equivalent education and related training
• Fifteen years of experience in the commercial real estate industry, with at least ten years focused on multifamily lending with Fannie Mae, Freddie Mac or FHA
• Highly developed sales skills, management experience and a thorough knowledge of multifamily loan originations and underwriting
• Highly organized
• Ability to organize, direct, supervise and motivate others
• Ability to meet deadlines
• Maturity and self-confidence to simultaneously handle a variety of assignments
• Ability to work harmoniously with internal/external workers/customers
• Analytical skills and the ability to find solutions to problems
• Excellent written and verbal communication skills
• Ability to represent the company in a positive and professional manner with the senior management teams at Fannie Mae and Freddie Mac
• Ability to understand and explain complex financing concepts
• Skill set to create a viable long-term business plan for agency/FHA area and execute on that plan over time
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
• Ability to travel, occasionally overnight

Nice To Haves

• Master of Business Administration (MBA) or Master's degree in Finance or Real Estate
• Experience in multifamily credit risk management within the context of Fannie Mae DUS loss sharing
• Proven self-starter
• Sales/marketing training skills with technical proficiency in agency executions.
• Strong, proven relationships with Fannie Mae and Freddie Mac
• Good knowledge of local/regional/national real estate markets
• Strong history of managing high volume loan production with direct involvement in front end quoting; loan negotiation; credit underwriting, closing and delivery of multifamily loans in conformity with Fannie Mae, Freddie Mac and FHA requirements
• Direct relationships with large owners of multifamily properties

Responsibilities

• Management oversight for all agency and FHA business activities, including strategic goal setting, budgeting, team staffing, loan structuring, pricing and processing, program compliance, and recommendation of financing opportunities for credit approval.
• Drive agency production in collaboration with Executive Leadership, the Grandbridge Head of National Sales Manager and Grandbridge specialty (e.g. Affordable Housing, Seniors Housing) and generalist origination teams, to serve clients with a premier, high volume Fannie Mae/Freddie Mac/FHA lending platform.
• Continually review the agency lending processes to identify improvements benefitting clients with a streamlined Grandbridge execution while maintaining credit quality and in strict conformance with agency and FHA guidelines and program requirements.
• Maintain knowledge of Fannie Mae, Freddie Mac and FHA loan programs, promulgating that knowledge throughout Grandbridge with training programs and marketing support for agency and FHA products and services.
• Cultivate close working relationships with agency and FHA leadership, serving as liaison between Grandbridge and the agencies, and representing Grandbridge at agency and industry functions. Work with the agencies to ensure that Grandbridge is viewed as a strong partner and is appropriately supportive of agency housing mission goals and program objectives.

Benefits

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.
• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 5,001-10,000 employees