Agency Asset Manager, Fannie Mae

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• General management of a portfolio consisting of up to 100‑115 loans including responding to all borrower requests. Loans are to be administered in accordance with accepted practices of prudent lending institutions and conform to Fannie Mae, guidelines, statutes and regulations, and Northmarq policies as amended from time to time.
• Review new borrower welcome letter, loan amortization schedule and first billing statement received from servicing vendor for accuracy. Correct any inconsistencies and forward via email to borrower including instructions on how to obtain future billing statements online, and assist in completion of ACH payment request.
• Conduct audit of the new loan set up on Enterprise! and compare to loan documents for accuracy and completeness. Provide findings to Servicing to make corrections where appropriate.
• Analysis of quarterly operating statements for each asset in portfolio to determine cash flows, net operating income, debt service coverage, and financial trending.
• Physical on‑site property inspections including interviewing on‑site management along with walking units, common areas, and the exterior of the property to determine quality and condition. Completing review and submission of outsourced property inspections. (travel 1‑3 times per year)
• Submit property specific analyzed financial and property inspection forms, and any other required follow‑up items to Fannie Mae in a timely manner.
• Monitor and administer all collateral accounts to include Replacement Reserves, Repairs, Achievement Escrows, or other types. Ensure associated deadlines per the Agreements are met including any letter or credit expiration.
• Monitor properties that have insurance casualty losses to include notification to Fannie Mae and obtaining all necessary documentation to place funds in escrow and process draw requests as required.
• Work with Fannie Mae, Northmarq’s legal counsel, and borrowers in creating or extending deal specific agreements; these agreements include but are not limited to Amendments to and Replacements of Completion/Repair, Earn‑out Agreements and extensions.
• Work with Northmarq Servicing contacts regarding issues such as loan payment, new account set‑up, taxes, and insurance regarding properties in portfolio.
• Monitor loans with higher risk profile through Risk Ratings and Watch Loan processes including internal Risk Rating and Watch Loan processes, submission of Action Plans to Fannie Mae, and monitoring Fannie Mae requests from DUS
  360 and/or MAMP related to assigned deals.
• Process requests related to transfers, assumptions, management changes, partial releases of security, and condemnation actions.
• Monitor and ensure all loan conditions are properly tracked and being complied with through new loan set‑up activities and appropriate follow‑up ticklers and correspondence.
• Process requests for Pay‑offs, Loan Payment History, and Audit Confirmations.
• Prepare and send notice of default to delinquent borrowers. Report delinquency appropriately in DEWS.
• Stay abreast of market, industry, FHA, GNMA and Fannie Mae conditions and changes. Recommend revisions to internal policies and processes to incorporate changes to increase efficiency and maintain market competitiveness of Northmarq.
• Ensure all departmental processes and procedures are consistent with Northmarq standards and Fannie Mae DUS Guide requirements as well as FHA and GNMA Requirements as applicable.

Education and

Work Experience:

• Bachelor’s degree,…