Newmark Knight Frank (NKF), operated by Newmark Group, Inc. (NASDAQ: NMRK), is one of the world's leading commercial real estate advisory firms. We provide a fully integrated platform of services to prominent multinational corporations and institutional investors across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level.
Together with London-based partner Knight Frank and independently-owned offices, NKF's 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
The Multifamily Capital Markets platform is the preeminent source of capital solutions for multifamily owners and operators. With a nationwide presence and unparalleled expertise, a 30+ year history and a servicing portfolio of $58 billion representing in excess of 3,400 loans in 49 states. A top five Fannie Mae and Freddie Mac Lender in 2017, the Multifamily Capital Markets Group offers a full complement of GSE, FHA, Life Company and Conduit products paired with extensive multifamily, affordable, student, seniors housing and healthcare expertise. This extensive and diverse national platform provides clients with superior execution in every market across the country. www.ngkf.com
This position requires a highly motivated and experienced Loan Servicing professional who will be responsible for a complex loan portfolio. The individual will be responsible for delivering exceptional service to our clients (borrowers, investor clients and loan officers). They will manage a portfolio mix of GSE, CMBS, and Life Company loans. Inclusive of our clients, they will interact with Master Servicers, legal counsel, internal and functional area team members. Responsibilities include servicing a portfolio of loans in accordance with policies and procedures, industry standards, loan documents, and servicing agreements. This position is to serve as the point of contact for the clients from the servicing side. They will address and respond to normal and customary questions and inquiries from clients. The position is located in Lower Gwynedd, PA
Point of contact for NKF servicing clients
Service a portfolio of loans for multiple investors with various complexities - GSE and CMBS; Credit Enhanced, Credit Facilities, Fixed Rate, ARM, and Mod Rehabs
Monitor, administer, or refer borrower requests to the appropriate Servicing functional business unit or outside party upon review of the applicable loan documents and service agreements
Read and interpret loan documents when presented with questions and issues related to their loan portfolio to fulfill client request
Facilitate payoff requests between borrower and payoff team
Monitor payment delinquencies for loans in assigned portfolio. Coordinate collection inquiries to determine nature of default
Research and resolve customer inquiries and promote Borrower Insight when appropriate for borrower self-service
Interaction and communication with other departments regarding borrower inquiries to ensure accuracy in all transaction requirements including billing, reporting, remitting and system set up
Re-price interest rate caps escrow account and set monthly constants with an escalated awareness to market conditions; monitor rate fluctuations on ARM billing and for rate cap purposes. Coordinate interest rate cap renewals with Borrower and investor counsel.
Monitor and review loan specific trigger/tickler events to ensure appropriate action is taken to meet required deadlines
Monitor loan maturities in conjunction with the payoff team and discuss with borrower their plans for upcoming maturity
Monitor portfolio specific reports as required to process any open issues as required
Work with all applicable functional business units to ensure compliance with loan document requirements and borrower requests on all servicing systems
Review written analysis of lease documents and enforce approval conditions with borrowers
Initial contact with borrowers for disaster reporting in the event of natural disasters to assess potential damage
Skills, Education and Experience:
BA/BS degree in finance, accounting, real estate or other business related field preferred
3-5 years loan servicing portfolio management experience including knowledge of GSE and CMBS products
Strong working knowledge of loan servicing systems and proficiency with MS Office Word and Excel
Strong written and verbal communication skills to clearly convey loan status
Ability to problem solve and communicate with others at all levels - internally and externally
Must display a high degree of initiative, task ownership and attention to detail
Must be willing and able to research and resolve matters as new issues arise
Ability to work productively and multi task under minimal supervision
Interpret and utilize policies and procedures, investor guides and loan documents
Possess excellent collaboration skills
Ability to organize and prioritize projects, complete multiple tasks on schedule, and function as a committed team player
Work productively in a fast-paced, ever-changing work environment
Able to travel a minimum of 10-20%
Working Conditions: Normal working conditions with the absence of disagreeable elements
Note: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark Knight Frank is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.