| 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). Position Responsibilities: - 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.
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