GSE Asset Manager

Walker & Dunlop•Needham, MA

1d•$80,000 - $90,000•Hybrid

About The Position

We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities. Department Overview Our Servicing experts service all Fannie Mae, Freddie Mac, and FHA Finance loans originated by Walker & Dunlop as well as certain life insurance company, bank, and CMBS loans.  Our Servicing experts are the borrower’s primary point of contact and ensure that the requirements of the investors are met from loan closing through payoff.  The Department consists of six main functional areas: Loan Administration, Asset Management, Insurance Compliance, Investor Reporting, Treasury, and Compliance. W&D’s Servicing portfolio is the 8th largest in the U.S., and W&D is one of Fitch’s highest-rated Servicers, with a rating of CPS1-. The Impact You Will Have This position is a key member of the GSE Asset Management team, responsible for the management of an assigned portfolio of assets, overseeing performance and devising recommendations to Company management on each asset as needed.

Requirements

Bachelor’s degree in Finance, Economics, Accounting or related field preferred.
3+ years of experience in Asset Management required.
Ability to travel independently/operate a motor vehicle for property inspections.
Developed written and communication skills
Ability to travel independently for property inspections
Strong analytical skills, including use of all MS Office products, plus experience with database software and computer integration
Excellent organizational skills
Excellent interpersonal and customer service skills with strong work ethic to meet daily challenges of a fast-paced environment
Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes
Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders

Responsibilities

Manage and complete internal property inspections for multifamily and commercial properties.
Review third party inspection reports and make recommendations based on results; including follow up with borrowers, develop course of action, enlist senior management buy-in on action plan.
Conduct and review quarterly and annual financial analysis for multifamily and commercial loans in the portfolio (e.g., collect financial data, analyze financial statements, summarize and present findings, along with proposed adjustments/solutions).
Manage assets on the internal watch list (e.g., maintain communication channels with borrower, develop quarterly action plans, present status and recommendations to senior management).
Prepare and finalize Narratives for partnership interest transfers and loan assumptions .
Process and provide recommendation for consent to borrowers pursuant to loan documents and Agency/Industry guidelines for matters including, but not limited to: management change, material commercial leases, partial release, condemnation and easement requests.
Monitor borrower corrective matters including deferred maintenance, casualty events as well as completion, green improvements and other special escrows and prepare recommendations for disbursements.
Review and revise compliance of Letters of Credit as necessary.
Communicate with clients (internal and external) to determine appropriate loan arrangements.
Oversee department market research and portfolio reports.
Review, document sponsor plans and develop strategies for upcoming loan maturities.
Assist in the automation of the Asset Management Department data as necessary.
Perform other duties as assigned.

Benefits

The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023
Comprehensive benefit options that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™, some of which include:
Up to 83% subsidized medical payroll deductions
Competitive dental and vision benefits
401(k) + match
Pre-tax transit and commuting benefits
A robust health and wellness program – earn cash rewards and gain access to resources that promote health, engagement, and balance
Paid maternity and parental leave, as well as other family paid leave programs
Company-paid life, short and long-term disability insurance
Health Savings Account and Healthcare and Dependent Care Flexible Spending
Career development opportunities
Empowerment and encouragement to give back – volunteer hours and donation matching