Borrower Consent - Assistant Vice President

Description

• Review and execute documents as appropriate in accordance with approved delegated authority
• Monthly reporting to senior management
• Manage workflow to outside counsel
• Manage process and effectively communicate among all parties involved in a transaction, including borrower, attorneys, Master Servicers, Special Servicers, and Lenders
• Manage borrower’s expectations and work with originators/UW to ensure internal customer service standards are met
• Ensure all transactions are completed on-time pursuant to investor guidelines and/or loan documents
• Administer lender consent requests including, but not limited to, transfers of ownership, partial releases, management changes, collateral exchanges, modifications, and waivers, in accordance with applicable loan documents and servicing agreements
• Measure any potential risk in transaction and minimize or mitigate exposure

Requirements

• Highly developed organization skills with the ability to maintain a large amount of data in fast paced environment
• Minimum 5+ years commercial or multifamily loan asset management experience preferably in processing borrower consent requests within the Freddie Mac K-Deal, Fannie Mae and CMBS space
• Strong PC skills, including a demonstrated proficiency with Microsoft Office applications
• Bachelor’s degree in real estate, Law, Finance or Management preferred
• Strong written and verbal communication skills. Candidate must be able to clearly convey loan status
• Demonstrates problem solving, decision making, and analytical skills
• Able to work cohesively in a team environment
• Strong analytical skills (property operations, borrower financials and market performance)
• Strong organizational skills with the ability to manage multiple priorities and complete complex tasks in a timely manner

Benefits

We are seeking an individual who will work to process all lender consent items, such as transfers of ownership, easements, property management changes, defeasance transactions, etc. The Individual will be responsible for the full transaction cycle, from initial contact with borrower through close out of the request for the entire Newmark servicing portfolio of GSE, CMBS, and Life Company loans in accordance with policies & procedures, industry standards and servicing agreements. This includes all loans originated by Newark and held in warehouse, for securitization and those already sold or securitized. This individual will have a blend of commercial loan asset management experience including underwriting, as well as the ability to review and effectively translate loan documents.

Training + Development

Interview process

Visa Sponsorship

Security clearance