Our client in Dallas, TX is looking for an Asset Manager. The selected candidate will have the following skill set:
Position Responsibilities:
Monitor physical condition of property collateral by reviewing or conducting property inspections. Follow up with borrower for completion of any required repairs, ensuring completion prior to agreement expiration (if applicable), and advise Investor accordingly.
Collect, review and analyze property financial operations by the specified due date; identify underperforming and potentially troubled assets and escalate through the proper channels to assure that performance issues are appropriately addressed.
Assign a risk rating to deals within your portfolio in an effort to mitigate and manage risk. These risk ratings will be reviewed and approved by upper level management.
Review documents from closing to perform loan set up of new or converted loans. Follow up with Closing Coordinator and legal counsel to collect any missing loan documents. Disseminate pertinent insurance, tax, and other information from closing. Set up appropriate follow up systems to manage ongoing compliance with loan document covenants, and ensure proper file set-up.
Review and/or approve disbursements from replacement reserves, completion repair, and other collateral escrows in accordance with Investor and established departmental guidelines.
Make collection calls on loans where payments are not received within specified timeframes, follow up to ensure payment receipt, and report status periodically per established guidelines. Participate in problem loan discussions or required research. Coordinate sending late payment letters and collection of late charges. On loans under workout situations, monitor per modified documents and report as required.
Initiate interest rate changes, principal and/or interest payment changes, reserve requirement changes, or other loan related system changes per specific loan documentation and/or Investor requirements.
Assist in Tax, Insurance, UCC, Inspection, and/or Financial Certifications to the Investor, as required annually or at other times.
Respond to all internal and external inquiries in a timely, accurate and professional manner and handle to conclusion.
Review and approve loan pay offs per established procedures, from initial borrower request through pay off calculation, verification and approval process, including obtaining Investor concurrence when required.
Desired Skills & Experience:
Bachelor’s degree with an emphasis in Finance, Real Estate or Business desired.
At least one year of experience in commercial mortgage servicing or commercial asset management, especially with Fannie Mae, FHA and/or Ginnie Mae loans, or 3-5 years of other relevant real estate experience is required.
Excellent interpersonal and written and oral communication skills
Excellent organizational and analytical skills.
The ability to work well under pressure, adjust to varied workloads and handle multiple priorities, with a sense of urgency.
The ability to work independently, and yet function as a highly effective member of the team.
Intermediate to high level PC skills, particularly in Microsoft Excel, Word and Access.
An excellent customer service attitude.
Please visit us on the web at http://www.frontlinesourcegroup.com
Equal Opportunity Employer, M/F/V/D. Candidates must have authorization to work in the U.S. Clients will not sponsor visas.
Frontline Source Group™ is one of the fastest growing Information Technology, Accounting, Legal, Human Resources, Administrative, and Clerical staffing and direct hire firms with offices throughout Texas (Arlington, Austin, Dallas, Fort Worth, Plano, Houston Galleria, Lewisville, West Houston, San Antonio, Sugar Land, and The Woodlands), Tennessee (Nashville and Brentwood), and Arizona (Phoenix and Scottsdale).
Frontline specializes in matching top talent with companies for direct, contract, and contract-to-hire placements. We work with clients and candidates in all areas of the United States and Canada.