Asset Manager - M&T Realty Capital Corporation

M&T Bank
Baltimore, MD
Sep 15, 2017
Sep 20, 2017
Accountant, IT
Full Time
M&T Realty Capital Corporation is a full-service mortgage banking company that specializes in providing competitive financing nationwide for commercial properties, including multifamily, healthcare facilities, office, industrial, retail, and student, senior, and military housing. As a wholly-owned subsidiary of M&T Bank-one of the 20 largest US headquartered commercial bank holding companies-we have direct access to commercial/multifamily mortgage capital markets, and are fully accredited lenders for: Fannie Mae DUS(R) Freddie Mac Program Plus(R) FHA/HUD Healthcare (LEAN) FHA/HUD Multifamily (MAP) Life insurance companies Conduit Asset Manager - M&T Realty Capital Corporation Location: Baltimore, MD Basic Function Incumbent is responsible for performing various servicing or asset management-related functions with respect to the multifamily mortgage loans that M&T Realty Capital Corporation ("M&TRCC") originates and services for Fannie Mae, Freddie Mac, HUD and GNMA. Essential Position Responsibilities: Perform various asset management functions, including the following, in accordance with all applicable Fannie Mae, Freddie Mac, HUD and/or GNMA 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. _ Schedule and perform property inspections to assess the physical condition of the properties underlying the Fannie Mae, Freddie Mac, and HUD-insured loans that M&TRCC services; prepare inspection reports, summarizing the results of such inspections, and submit them to Fannie Mae, Freddie Mac or HUD, as applicable; and communicate with borrowers regarding any deficiencies or issues noted during such inspections, ensuring that appropriate remedial measures are taken. _ Request and analyze periodic operating statements, rent rolls and other documentation relating to the financial condition of the properties underlying the Fannie Mae, Freddie Mac, HUD/GNMA loans that M&TRCC services; prepare reports, summarizing the results of such reviews, and submit them to Fannie Mae, Freddie Mac or HUD, as applicable; and follow-up with borrowers regarding any questions or issues that emerge from such reviews. _ Analyze and process completion escrow draw requests, replacement reserve draw requests and construction loan draw requests from borrowers; coordinate the funding of such requests with appropriate internal departments and external investors. _Analyze and process special borrower requests to determine delegation authority and approval. Nature and Scope M&TRCC generates a significant amount of fee income for M&T Bank through its multifamily mortgage banking activities. Much of this mortgage banking income is derived from the significant volumes of Fannie Mae, Freddie Mac and HUD/GNMA loans that M&TRCC originates/closes every year, and from the recurring servicing fees that are collected from the borrowers on such loans over their respective lives. RCC - Asset Manager positions are important, customer-facing positions that are critical to M&TRCC's success in consistently generating substantial amounts of mortgage banking revenue. RCC - Asset Managers are primary points of M&TRCC contact with borrower-customers, from the time that the underwriting of a loan has been completed, through the closing phase, and over the full term of the loan (typically, 7-15 years). The success of M&TRCC's relationships with its customers is heavily influenced by the customers' perceptions of how well their interactions with M&TRCC's RCC -Asset Managers have gone. Those who occupy these positions within M&TRCC figure prominently in providing the top-notch, life-of-loan customer service that keeps borrower-customers coming back to M&TRCC for repeat business. To be successful, RCC - Asset Managers must develop an understanding of the many closing, delivery, servicing and asset management requirements of Fannie Mae, Freddie Mac, HUD and GNMA,and must routinely apply that knowledge to ensure that M&TRCC remains in compliance at all times with such requirements. Adherence to the requirements of Fannie Mae, Freddie Mac, HUD and GNMA is essential to maintaining M&TRCC's good standing with each of those organizations, which is, in turn, critical to the preservation of the revenue streams that flow from M&TRCC's relationships with those organizations. Minimum Qualifications Bachelor's degree or the equivalent in work experience in the multifamily/commercial real estate industry. Minimum 1 year of asset management or underwriting experience relating to multifamily/commercial real estate loan transactions. Experience with a wide variety of computer software applications, including Microsoft Office, Word, and Excel, as well as commercial loan information systems and internet applications is required. Travel required up to 30% of the time for on-site inspections. Previous experience with Fannie Mae, Freddie Mac, and/or HUD multifamily transactions is desired. About M&TAt M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future. #LI-LP1 Job Posting: Apr 11, 2017, 4:00:34 PM Unposting Date: Ongoing

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