Asset Management Analyst
Merchants Capital
Date: 9 hours ago
City: Bloomington, Minnesota
Contract type: Full time
Job Type
Full-time
Description
The Asset Management Analyst will assist the Asset Managers in the day-to-day asset management of a portfolio of loans. This position will provide loan administration support for the asset managers to ensure compliance and regulatory requirements are met and overall portfolio performance and risk assessment.
Requirements
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
Full-time
Description
The Asset Management Analyst will assist the Asset Managers in the day-to-day asset management of a portfolio of loans. This position will provide loan administration support for the asset managers to ensure compliance and regulatory requirements are met and overall portfolio performance and risk assessment.
Requirements
- Service, maintain and troubleshoot assigned tasks related to multifamily mortgage loans.
- Input and maintain data using various mortgage software.
- Assist with collection and spreading and submission of operating statements and rent rolls to help assess risk.
- Provide audit confirmations for borrower as requested.
- Assist with gathering audit information for internal and external audits.
- File and maintain necessary online and hardcopy forms related to loan compliance.
- Support asset managers’ interactions with Agency regarding compliance/procedural issues.
- Assist with collection of annual certifications required by loan covenants.
- Review inspections, assist asset manager with deferred maintenance follow up, and submit inspections to various agencies as required.
- Review and process replacement reserve disbursement requests.
- Basic understanding of loan portfolio management desired.
- Basic understanding of multifamily mortgage banking desired.
- Requires problem solving skills as well as the initiative to troubleshoot and find resolutions.
- Must demonstrate the ability to identify, interpret and apply applicable guidelines in managing assigned processes.
- Must possess strong organization and communication skills with a focus on accuracy and attention to detail.
- Requires proficiency in using basic computer software such as Microsoft Office, specifically regarding Outlook, Word and Excel.
- Must demonstrate the ability to successfully manage the demands of multiple deadlines while working as a team player with consideration for customers, co-workers and vendors.
- Bachelor’s degree from an accredited institution preferred; high school diploma or GED from an accredited institution required.
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
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