Full Job Description
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, seniors, and military housing. We are a wholly-owned subsidiary of M&T Bank—one of the 20 largest US headquartered commercial bank holding companies—and offer the following financing options:
Fannie Mae DUS®
Freddie Mac Optigo®
Life insurance company
Small Loan program
Top Ten HUD Lender * Top Five Fannie Mae Green Lender * Top Five Fannie Mae Seniors Lender
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, and also including the servicing of bridge and mezzanine loans retained by M&T RCC.
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.
Education and Experience Required:
Bachelor’s degree or the equivalent in work experience in the multifamily/commercial real estate industry.
A minimum of 2 years of previous closing, loan administration, servicing, 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.
The ability to function effectively as a team member is essential.
Education and Experience Preferred:
Previous experience with Fannie Mae, Freddie Mac, and/or HUD multifamily transactions is desired.
Competitive salary + bonus
FT work remote option
Conferences and continuing education
Long & Short-Term Disability at no cost
PTO + 11 paid holidays/PTO buy
Health Savings & Flexible Spending Accounts
401(k) with 5% match/Roth/Discretionary Employer Contribution
Stock Purchase Plan
Diversity & Inclusion Council
14 Resource Group charters with 69 chapters
D&I Sponsorship Program
Dress for your day!
Baltimore, Maryland, United States of America