The Maison Group has a client that is a Washington, DC based, national, commercial mortgage-banking firm. The client currently seeks a talented Asset Manager to join the organization. As an expert in HUD multifamily and healthcare lending, this organization acts as a direct lender and financial intermediary offering loan placement services for borrowers along with consulting and servicing of loans for investors nationwide. With another exceptional year of success, this organization continues to create exciting career opportunities.
Reporting to the Senior Vice President of Asset Management, Closing and Servicing, this individual will primarily be responsible for the management and servicing of construction loans as well as other general asset management duties with regard to multifamily/healthcare permanent loans within the Company portfolio.
-Processing of all monthly construction draws
-Reviewing and approving requests from working capital and operating deficit escrows
-Reviewing monthly financials to ascertain lease-up activity and that expenses are only project related
-Analyze cost certification and assist with final endorsements of construction loans
-Monitoring of required repair escrows on permanent loans and processing related draws until the work is complete.
-Review HUD required annual audits; correspond with owner and management agent regarding any findings.
-Manage default reporting in HUD MDDR system and work with owner and management agent to try to cure default.
-Handle any claims on loans that have to be assigned to HUD.
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