Asset Manager – HUD/GSE

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Make your next move an expert one.

At Colliers it’s not our success that sets us apart, it’s how we achieve it. Our people are passionate, take ownership and always do what’s right for our clients, people and communities.

Why Colliers?

Our enterprising environment needs your expertise to facilitate Colliers’ continued growth as an industry leader. Our nimble, decentralized culture can provide you with a wealth of opportunities to learn about our business and quickly gain experience to accelerate your career.

SUMMARY

The Asset Manager manages all aspects of the administrative, financial, and operational responsibilities of their assigned loan servicing portfolio. This portfolio will include both performing and non-performing multifamily loans within our Fannie Mae and HUD portfolios.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Responsible for performing all borrower request functions of the assigned loan servicing portfolio, including assumptions, easements, partial releases, insurance losses, loan payoff, maturity management, & other loan events
• Responsible for strong customer service via prompt, professional communication with borrowers, lenders, investors, and co-workers
• Maintain and Update Monthly / Periodic reporting for assigned loans
• Create, document, and follow up on action plans for troubled assets
• Communicate with senior mgmt. regarding remediation strategies and associated progress for troubled assets
• Interacts with accounting department for the transfer of cash, processing reserve disbursements, and the maintenance of reserve and other escrow accounts
• Accurately and efficiently producing required analyses of operating statements and related financial statements of commercial or multifamily properties, including identifying and researching variances, normalizing and otherwise adjusting the statements, per lender requirements
• Perform (or review third-party) property inspections to verify sufficient maintenance of collateral, identify and report life safety issues, and other items of deferred maintenance
• Maintain a live risk rating for all projects within the assigned portfolio, inclusive of Watch List deals, and identifying/documenting project issues, trends and opportunities
• Administers construction projects from initial closing through substantial completion, including draw and change order processing, budget balancing and communicating with internal Production staff, borrowers and lenders to confirm project status, with an emphasis on identifying and documenting construction issues to ensure interests of Colliers, lenders and the project are protected
• Perform duties and responsibilities in accordance with applicable laws, regulations, and lender servicing guides/agreements
• Other duties as assigned

REQUIRED education & EXPERIENCE

• 3+ years of commercial or multifamily mortgage servicing experience required
• Proficient knowledge of multifamily mortgage banking, loan servicing, financial statement analysis required
• HUD/FHA, Fannie Mae DUS or Freddie Mac Optigo loan servicing experience required
• Strong verbal and written communication skills
• Excellent attention to detail and ability to multi-task
• Intermediate Microsoft Office skills required, advanced financial and data manipulation functions in Microsoft Excel preferred
• Ability to work independently as well as in a team
• Bachelor’s degree or equivalent experience required
• Excellent customer service skills

JOB EXPECTATIONS

Regular and reliable attendance required. This full-time position is available for a hybrid schedule including 4 in-office days per week, with 1 remote. Workdays are Monday through Friday during standard business hours.

TRAVEL

Occasional domestic travel required.

BENEFITS

We offer a comprehensive benefits package for employees and their families including medical and dental plan; 401k plan including company matching; firm funded life and disability insurance.

COMPENSATION

Pursuant to the laws regarding job postings where the position is located in, Colliers is disclosing the following information:
Area/Location Specific: Minneapolis, MN

Approximate salary range for this role: $75,000 – $85,000 annually

Our compensation ranges are determined by role, level, and location. The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.

#LI-KS1

Make your next move an expert one and join us as we lead the industry into the future.

Direct applicants only please, no agencies.

Colliers provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by law. If you are a qualified applicant who requires reasonable accommodation to complete a job Application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact accommodations@colliers.com

Colliers is an equal opportunity employer and values diversity in its workforce. Colliers encourages applications from all qualified individuals and will accommodate applicants’ disability-related needs, up to the point of undue hardship, throughout all stages of the recruitment and selection process. If you require a disability-related accommodation in order to participate in the recruitment process, please contact the recruitment team by email at canada.careers@colliers.com.

 

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