Loan Portfolio Analyst I/II - Commercial Real Estate Finance
Northmarq - Denver, CO OR Minneapolis, MN OR Dallas, TX
NORTHMARQ - WHERE THE BEST COME TO THRIVE Northmarq is entering a new era, and a landmark career opportunity is waiting for you. Northmarq is independent, and fiercely so. We have the freedom to do things the right way. To hire the very best. To give them the resources to thrive. We do it because that’s what we believe. Northmarq is not held back by principles, we’re propelled by them. We and our clients are growing fast because we’re providing something rare and valuable: easy access to the industry’s best talent, an agile and collaborative style, and vast resources to execute flawless deals for our clients and partners. Northmarq was voted by Real Estate Forum as one of The Best Places To Work In Real Estate!
Northmarq is looking for a Loan Portfolio Analyst I and a Loan Portfolio Analyst II to join its Servicing department. These positions require deadline-driven and detail-oriented individuals who will be responsible for property inspection review, financial statement and rent roll analysis, watchlist/surveillance, reserve disbursement requests, new loan audits, underwriting borrower consent requests, calculating/coordinating loan payoffs, and satisfying investor requirements. The focus will be on commercial mortgage risk management and customer service. Additional responsibilities may be added as the company grows (In line with department goals and objectives).
Plan and schedule own workload to efficiently meet benchmarks within the department.
Provide premier customer service to lenders, borrowers, other servicing staff, and regional offices.
Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Fannie Mae, Freddie Mac, Life Companies, and other investors.
Follow up with borrowers and management companies regarding variances and general income and expense questions.
Review annual property inspections conducted by third-party vendors and regional offices.
Follow up with borrowers to resolve any deferred maintenance or other issues identified during the annual inspection.
Review and make recommendations for releases from reserves including replacement, repair, TI/LC, and insurance loss.
Monitor maturing loans and provide the required notices to borrowers.
Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.
Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system.
Underwrite and make recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers, loan assumptions, etc.
Calculate and coordinate loan payoff requests, including yield maintenance calculations.
Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
Serve on procedure committees updating policies and procedures for Portfolio Management.
Perform other reasonable tasks/projects as assigned within the department.
What We're Looking For:
Bachelor's Degree, preferably in the finance, real estate, or accounting area.
2-5 year’s experience in finance or accounting. Background in commercial lending or servicing preferred.
Strong skills in Microsoft Outlook, Excel, and Word
Familiar with commercial loan terminology
Strong analytical and modeling skills
Excellent oral and written communication skills
Customer service oriented
Strong organizational and prioritization skills, with the ability to handle multiple assignments while meeting deadlines
Ability to work both independently and within a team, with minimal supervision
Demonstrated work ethic and willingness to work extended hours when necessary
Attention to detail and accuracy required
Problem-solving skills to reflect the level of responsibilities
Ability to maintain sensitive and confidential information
Ability to maintain a positive attitude in all situations
Additional Salary Information: Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!
For nearly 60 years, NorthMarq has been a capital markets provider of debt, equity, and loan servicing to commercial real estate investors through its regional offices from coast-to-coast. Our expanded platform now includes investment sales for multifamily assets, further broadening our commitment to building stronger relationships that deliver better results throughout the entire life of ownership.
As a leading capital markets provider, NorthMarq has decades of expertise built on strong relationships. As the company grows, the foundation built on our core values—integrity, respect and community—is critical. We pride ourselves on quality, customer service excellence and results.
We know our most valuable asset is our employees. Recruiting and retaining the best people in the industry is critical to our ongoing success. Each of our employees has opportunities for personal growth and works in a place where results are rewarded. Across all of our 30+ offices, we have a strong sense of camaraderie united by our corporate headquarters in Minneapolis, Minnesota.
We are privately owned, part of the Pohlad Companies family of businesses.