Senior Associate, Asset Management - Agency Watchlist

Lument Real Estate Capital•Dallas, TX

1d•Hybrid

About The Position

The Senior Associate will perform loan servicing activities for the GSE Asset Management – Agency Risk team. This role focuses on monitoring loan performance, collateral condition, and protecting the company from default. The position ensures compliance with loan terms and government agency loan program guidelines, and collaborates with other LSAM associates to address financial/operational issues to avoid or cure defaults. Additionally, the role coordinates with bankers, associates, external counsel, government agency personnel, and other third parties to handle post-closing requests.

Requirements

More than 7 years of associate or equivalent experience.
Bachelor’s Degree in business administration, finance, accounting or related area.
MBA certified to independently conduct property inspections.
Comprehensive understanding of multifamily real estate, loss mitigation terms, and agency life of loan functions and players.
Ability to independently analyze real estate financials: Income Statement, Cashflow statement, Balance Sheet, Rent Roll.
Comprehensive understanding of PSA/SSA and agency loan agreements to understand loan terms, covenants, and remedies.
Comprehensive knowledge of servicer advancing on tax, insurance, and principal & interest as well as reimbursement process, with ability to reconcile.
Proficiency in Microsoft Office and other relevant systems or software.
Excellent organizational, communication, presentation, and interpersonal skills.
Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines.
Ability to manage multiple assignments and transactions simultaneously.
Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities.
Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation).
Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team.
Flexibility and ability to work under pressure with tight deadlines and constant interruptions.
Ability to adjust priorities in a changing environment.

Nice To Haves

Experience working with Fannie Mae and Freddie Mac multifamily loan servicing and products, and/or CMBS loans in Special Servicing.

Responsibilities

Perform loan surveillance activities for student, seniors, and multifamily housing in compliance with Agency investor requirements.
Maintain organized loan servicing files with detailed documentation.
Collect and analyze financials.
Communicate escrow analysis changes.
Deliver delinquency notices.
Process replacement reserve draws.
Manage a portfolio of up to 40 loans with varying degrees of nonperforming characteristics.
Independently process and document post-closing transactions, including property management changes, collateral releases, assumptions, and transfers.
Independently process loan payoffs and payoffs by assignments, coordinating interdepartmental efforts and approvals.
Independently identify and assess loan risk and mitigants.
Orchestrate loan workout activities with borrowers, operators, management agents, agencies, and legal counsel.
Calculate quarterly specific reserves and analyze loss share liability.
Conduct and document MBA property inspections independently and monitor deferred maintenance repairs.
Write and present watchlist risk memos for quarterly risk meetings to senior management.
Work professionally and harmoniously with the team and coworkers.
Perform other projects and duties as assigned.