Senior Agency Asset Manager

At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started.

Your new career is waiting. Start something special today.
Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate! Northmarq is seeking an experienced Senior Agency Asset Manager in its Denver, CO office. This position requires a deadline driven and detail-oriented individual who will be responsible for underwriting borrower consent requests, loan covenant review and monitoring, financial statement and rent roll analysis, watchlist/surveillance, reserve disbursement requests, new loan audits, calculating/coordinating loan payoffs, and satisfying investor requirements.

Focus will be on commercial mortgage risk management and customer service. This seasoned individual should be disciplined and driven to enhance business processes, while providing expertise in underwriting consent requests and the overall management of lender portfolio(s). Ongoing training within the industry, as well as mentoring and training to Asset Management Analyst, will be required. Additional responsibilities may be added to adapt to company growth.

• This position offers a flexible work environment and is available for an immediate start.

• Manage a portfolio of increasingly complex Freddie Mac loans while strengthening relationships with key lenders and support senior team members with key tasks on more complex commercial real estate loans. Specific responsibilities include:
• Work with a diverse range of Freddie Mac lenders, companies, private clients, and investment lenders, providing a personalized, client-centric experience tailored to each lender’s specific guidelines and requirements.
• Provide premier customer service to lenders, borrowers, other servicing staff and regional offices.
• Serve on procedure committees updating policies and procedures for Portfolio Management.
• Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system.
• Perform other reasonable tasks/projects as assigned within the department.
• Review and make recommendations for releases from reserves including replacement, repair, TI/LC, and insurance loss.
• 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.
• Calculate and coordinate loan payoff requests, including yield maintenance calculations.
• Coordinate with legal counsel and borrowers to document and close transactions upon final lender approval.
• Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.
• Process insurance loss requests, manage proceeds, and monitor the restoration of the property.
• Follow up with borrowers to resolve any deferred maintenance or other issues identified during the annual inspection.
• Follow up with borrowers and management companies regarding variances and general income and expense questions.
• Underwrite and formulate recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers etc.
• Responsible for oversight of assigned lender portfolios, including maintaining effective business relationships, monitoring team tasks, quality control, lender feedback, and providing internal approval of write-ups/recommendations.
• Assist Manager(s) with monitoring team tasks, reviewing write-ups, quality control, and feedback.
• Provide training and mentoring across team on areas of expertise including analysis underwriting and general CRE knowledge.
• Perform financial…