Asset Manager
BWE · Cleveland, Ohio, US
Summary: The Asset Manager works with all Asset Management team members as well as borrowers, lenders, local, state and federal government agencies to preser...
Job description
Summary: The Asset Manager works with all Asset Management team members as well as borrowers, lenders, local, state and federal government agencies to preserve the value of the multifamily housing by collateralizing those Mortgage Loans Major Responsibilities: · Monitor and track receipt of quarterly/annual financial statements. · Confirm all documentation is filed appropriately and systems are updated. · Manage inspection ordering and review process per lender guidelines. · Analyze and report on financial performance for an assigned portfolio of Loans. · Ensure (i) all documentation is saved in each Property’s Servicing File, and (ii) all financial reviews, inspections and other reporting documents are submitted on a timely basis. · Perform ongoing asset management and surveillance activities to identify, monitor, rate and mitigate the financial, credit, operational, physical, ownership and market risks impacting the properties collateralizing the portfolio, as assigned. · Coordinate ad hoc Borrower communications/requests. · Coordinate data quality control with the Asset Manager’s portfolio. · Coordinate financial and inspection submissions for the Asset Manager’s portfolio. · Co...