RCC Multifamily Asset Manager I (Fannie Mae)

M&T Realty Capital Corporation is a wholly-owned subsidiary of M&T Bank. As a full-service mortgage banking company, we specialize in providing competitive financing nationwide for commercial real estate.

Overview:

The primary function of this position is the servicing and asset management of multifamily loans originated by M&T Realty Capital Corporation for Fannie Mae in accordance with their requirements.

Primary Responsibilities:* Perform various servicing functions, including the following, in accordance with all applicable Fannie Mae, Freddie Mac, HUD and/or GNMA requirements:

• Monitor the timeliness and adequacy of borrowers� loan payments, real estate tax payments and insurance premium payments, communicating, as needed, with borrowers, taxing authorities and insurance agents on late or erroneous payments;
  
• Perform various asset management functions, including the following, in accordance with all applicable Fannie Mae, Freddie Mac, HUD and/or GNMA, Life Company or other investor 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.
  
• Willingness to travel out of state and stay overnight.
  
• Understand and adhere to the Company�s risk and regulatory standards, policies and controls in accordance with the Company�s Risk Appetite. Identify risk-related issues needing escalation to management.
  
• Promote an environment that supports belonging and reflects the M&T Bank brand.
  
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  
• Complete other related duties as assigned.
  

Education and Experience Required:

Bachelor’s degree or the equivalent in work experience in the multifamily/commercial real estate industry including a minimum of 2 years of previous closing, loan administration, servicing, asset management, or underwriting experience relating to multifamily/commercial real estate loan transactions or in lieu of a degree a minimum of 6 years' combined higher education and/or work experience.

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.

The ability to function effectively as a team member is essential.

Education and Experience Preferred:

Previous Fannie Mae multifamily asset management experience

Why Choose MTRCC:

We are 1 of 5 US-based lenders offering Fannie Mae, Freddie Mac, FHA, bridge loans, life company, debt funds and other capital source relationships

Our parent company, M&T Bank, is one of the largest commercial real estate lenders in the United States. We leverage the power of our balance sheet and other financial services to provide a wide array of resources to fit our clients’ needs.

Approved Fannie Mae DUS® and Freddie Mac Optigo® lender since 1989

One of the nation’s leading firms providing FHA-insured multifamily mortgages and an approved MAP lender with 30+ years of experience

We offer a competitive Multifamily Bridge Loan Program aimed at providing customers with shorter-term financing solutions as a bridge to closing on an agency or life company execution

Our long-standing relationships with numerous life insurance company investors gives us flexibility during the term of a loan

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $77,026.05 - $128,376.75 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location:

Baltimore, Maryland, United States of America