RCC Asset Manager II - Freddie Mac Team

M&T Bank•Baltimore, MD

37d•Remote

About The Position

M&T Realty Capital Corporation is a wholly-owned subsidiary of M&T Bank. As a full-service mortgage banking company, we specialize in providing competitive financing nationwide for commercial real estate. Location: Open to remote if based outside of M&T's footprint Overview: The primary function of this position is the servicing and asset management of multifamily loans originated by M&T Realty Capital Corporation for Freddie Mac in accordance with their requirements. Throughout the life cycle of each assigned loan, serve as the key point of customer contact with the borrower on servicing- and asset management-related matters. Willingness to travel out of state and stay overnight. Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management. Promote an environment that supports belonging and reflects the M&T Bank brand. Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. Complete other related duties as assigned. Why Choose MTRCC: We are 1 of 5 US-based lenders offering Fannie Mae, Freddie Mac, FHA, bridge loans, life company, debt funds and other capital source relationships Our parent company, M&T Bank, is one of the largest commercial real estate lenders in the United States. We leverage the power of our balance sheet and other financial services to provide a wide array of resources to fit our clients’ needs. Approved Fannie Mae DUS® and Freddie Mac Optigo® lender since 1989 One of the nation’s leading firms providing FHA-insured multifamily mortgages and an approved MAP lender with 30+ years of experience We offer a competitive Multifamily Bridge Loan Program aimed at providing customers with shorter-term financing solutions as a bridge to closing on an agency or life company execution Our long-standing relationships with numerous life insurance company investors gives us flexibility during the term of a loan M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $94,400.00 - $157,400.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. Location: Baltimore, Maryland, United States of America

Requirements

Bachelor's degree with 4 years related multifamily/commercial real estate industry including loan administration, asset management/servicing or underwriting experience relating to multifamily/commercial real estate loan transactions or in lieu of a degree a combined minimum of 8 years higher education and/or related work experience.
Experience with a variety of software applications including Microsoft office systems and commercial loan information systems.
Strong communication skills.
Good interpersonal skills with the ability to interact with all levels of personnel.
Ability to function effectively as a team member.
Detail oriented and good time management skills.

Nice To Haves

Freddie Mac asset management experience strongly preferred

Responsibilities

Review, analysis and processing of financial statements, performing and reviewing property inspections
Completing reserve for replacement and non-critical draw requests
Escrow processing, and the review and processing of easement requests, ownership changes and other servicing and asset management functions that may arise
Other responsibilities may include the processing of construction and sub rehabilitation loans, and all job functions related to those transactions
Additional responsibilities include training, coaching and otherwise provide guidance to less experienced Servicing staff and serve as a point of reference for servicing and asset management related questions
Throughout the life cycle of each assigned loan, serve as the key point of customer contact with the borrower on servicing- and asset management-related matters.
Willingness to travel out of state and stay overnight.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.
Identify risk-related issues needing escalation to management.
Promote an environment that supports belonging and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Complete other related duties as assigned.