Senior Asset Manager - FHA

Dwight is seeking a team player who has a “no job too big or too small” attitude. A proactive thinker with a can‑do mentality who is ambitious and intuitive will prove successful. Dwight is looking for an individual who takes pride in their work and flourishes in a fast‑paced environment. Must have the ability to manage time wisely, follow up, and communicate status of projects.

Our ideal candidate will take direction from the Executive Management team well, offer creative and prompt solutions to issues and provide meticulous attention to detail.

• Serves as primary Borrower and HUD contact responsible for oversight of assigned loan portfolio
• Maintains current risk assessment of assigned loan portfolio—performance, watchlist criteria, compliance (including green MIP, if applicable) and inspection/survey results in Enterprise
• Conducts new borrower “welcome” calls to review HUD protocol
• Follows up on delinquent loans with goal of minimizing delinquent payments/defaults
• Collects, tracks and analyzes monthly, quarterly and annual financial reporting (emphasis on debt service coverage and other key performance indicators), as required
• Reviews HUD (NSPIRE) physical inspection reports and follows up on properties with low scores for action plan
• Prepares required forms and processes requests for advances from debt service reserves, initial operating reserves, non‑critical repair escrows; ensures criteria is met for final releases
• Healthcare loans: reviews requests for advances from project Replacement Reserves and submits electronically to HUD (via healthcare portal)
• Healthcare loans:
  Collects and records CMS Star ratings and other state regulatory inspections, as information becomes available
• Healthcare loans:
  Enters quarterly financial information and/or creates batch uploads for HUD Healthcare Portal
• Carrying out asset management tasks and provides Lender deliverables for Transfer of Physical Assets (TPA) applications (loan assumptions and/or changes in borrower entity) and changes in Operators and Management Agents, applications for Accounts Receivable financing
• Coordinates insurance reviews (for changes in borrowers and operators), as needed
• Processes insurance hazard loss claims and coordinates inspections, as needed
• Manages HUD approval for any easements, condemnations and partial release of security and all other requests requiring HUD and/or Lender approval
• Working with asset management team, Originators, Borrowers & HUD, closely monitors and contributes to “work out” solutions for troubled loans and/or loans out of compliance
• Carries out special projects, as requested

• 5+ years of experience in asset management and/or servicing of multifamily rental housing
• Existing knowledge of FHA/HUD asset management and servicing guidelines, compliance and reporting requirements