Mortgage Officer for the Asset Resolution and Portfolio Analysis Unit

City of New York • New York City, NY

16h

About The Position

About the Agency: The New York City Department of Housing Preservation (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love. - We maintain building and resident safety and health - We create opportunities for New Yorkers through housing affordability - We engage New Yorkers to build and sustain neighborhood strength and diversity. Your Team: The Office of Asset and Property Management (APM) leads the agency’s effort to protect the City’s investment in affordable housing and ensure that properties remain stable and affordable over the long-term. APM actively monitors the performance and regulatory compliance of projects sponsored, supervised, and owned by the City, and connects people to affordable housing opportunities. APM includes the Divisions of Asset Management, Property Management & Client Services, Housing Supervision, Housing Opportunities & Program Services, and Co-op Readiness & Technical Services. The Division of Housing Opportunity & Program Services ensures that HPD’s affordable housing is made available through fair, transparent, and accessible programming. Developers creating affordable housing are required to offer many types of units through an open lottery process on NYC Housing Connect and fill other units through a placement process for households in the City’s shelter system. Housing Opportunity & Program Services administers the housing lottery and homeless placements programs and crafts policy and procedures to ensure that these programs offer equal opportunity to all applicants and affirmatively further fair housing. Your Impact: As a Mortgage Officer in the Asset Resolution and Portfolio Analysis Unit of Asset and Property Management you will be tasked with assisting the Senior Mortgage Officer in identifying at-risk projects financed by the City and restoring them to financial stability by developing and implementing a variety of financial strategies as well as operational recommendations. Additionally, you will monitor the City’s mortgage portfolio and position yourself as the primary contact for at-risk borrowers. Your Role: Your role will work independently and collaboratively with a team comprised of a Senior Mortgage Officer and several Housing Portfolio Transaction Managers on mortgage modifications, mortgage extensions, and general pro forma analyses related to troubled projects.

Requirements

• A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or
• High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties as described above; or
• Education and/or experience which is equivalent to "1" or "2" above. However, all candidates must have at least one year of experience as described in "1" above.
• Authorization to work in the United States is required for this position.
• Applicants are responsible for ensuring that they meet all qualifying requirements for this position at the time of application.

Responsibilities

• Review and validate mortgage servicing reports to identify delinquent borrowers
• Proactively reach out to delinquent borrowers to encourage repayment of loans
• Comprehensively review loan documents, financial reports, municipal data, building information, and management/owner history to evaluate the overall financial stability of a project
• Work with the Director, team members, and other HPD divisions to identify and implement appropriate interventions to bring loans current and ensure the viability of projects
• Assist in the maintenance of data-based tools that track and compile financial data and performance
• Conduct research and analysis of financial and regulatory documents e.g., mortgages, audited financial statements, and regulatory agreements
• Collaborate with other HPD divisions as the Asset Resolution and Portfolio Analysis Unit coordinates strategic initiatives to identify, monitor, and/or resolve mortgage-related issues
• Conduct trainings to staffers within APM
• Prepare reports, presentations, and written correspondence regarding mortgage initiatives and work on special projects and analyses as needed

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level