Multifamily Asset Resolution Business Lead

Freddie Mac•McLean, VA

3d•$138,000 - $206,000

About The Position

Position will serve as a key member of the Multifamily Asset Management Asset Resolution & REO team with primary responsibilities focused on investigating, monitoring, negotiating and resolving distressed multifamily loans. The position will frequently interact with borrowers/ sponsors/guarantors along with loan servicers (internal and external) and legal counsel to evaluate and arrive at solutions for the company’s more challenging assets. Inherent in this process is the drafting and execution of well supported business plans to provide an achievable path forward while protecting the interests of Freddie Mac.

Requirements

8+ years of related work experience in a real estate finance or special servicing/loan workout environment
Bachelor’s Degree or equivalent with effective business writing skills to include utilization of AI (emails, business plans, memos, briefs)
Familiarity with key loan documents and servicing agreements
Knowledge of multifamily property fundamentals, underwriting concepts, physical condition assessments, and financial statement analysis
Demonstrated understanding of valuation methodologies and discounted present value concepts and comparative analysis
Ability to manage multiple efforts and assignments simultaneously
Expertise in Excel with ability to create & utilize macros, tables, formulas, charts, etc.

Nice To Haves

GSE (Freddie Mac, Fannie Mae, and/or HUD) experience a plus
Ability to be an accountable team player who will build and maintain relationships with both internal and external stakeholders, while able to multitask, prioritize and be flexible.
Prior CMBS special servicing experience, including engaging & negotiating with borrowers & sponsors.
Results driven within corporate parameters and established departmental procedures.
Positive attitude toward challenging situations and the work needed for creative solutions.

Responsibilities

Evaluating relief requests and following up on delinquent and/or underperforming loans with a focus on resumption of payments, collateral preservation and overall loss mitigation.
Preparation of business plans in support of negotiated resolution strategies such as loan restructures/modifications and maturity deferrals or extensions.
Enforcement of default remedies under loan documents such as penalty charges, receivership, foreclosure, and REO.
Investigate and pursue remedies to return defective loans to sellers as conditions warrant.
Assist with periodic risk rating and valuation of certain non-securitized loans.
Perform special projects and ad hoc reporting relating to asset resolution activities.
Minimize losses on distressed mortgage loans via enforcement of legal remedies and/or employment of negotiated alternative strategies as appropriate.
Monitor and analyze the performance of loan collateral in conjunction with development of resolution strategy.
Manage receiverships, foreclosure actions, and REO as supported by approved business plans.
Collaborate with legal counsel and other internal partners as required to execute the approved resolution strategy.
Order and review updated valuation and property condition reports in conjunction with strategy formulation.
Continually track & update the status of loans within Asset Resolution and those with various outside special servicers to be able to present updates to both internal and external stakeholders.