The Community Preservation Corporation · 1 day ago
Asset Manager (Multifamily Mortgage Loans)
Chappaqua Office - Chappaqua, NY
Full-time
Hybrid
Mid Level
$85K/yr - $100K/yr
3+ years expThe Community Preservation Corporation (CPC) is a leader in affordable housing finance, committed to revitalizing neighborhoods through lending and partnerships. The Asset Manager will implement risk management activities for the CPC loan portfolio, identifying and mitigating various risks while ensuring compliance and providing excellent customer service to borrowers and stakeholders.
Real Estate
No H1B
Responsibilities
Manage ongoing asset management and surveillance activities to identify, monitor, rate and mitigate the financial, credit, operational, physical and market risks impacting the properties collateralizing the Mortgage Loans in the CPC loan portfolio, as assigned
Coordinate the review, analysis, and submission of property-level, loan asset management reports
Ensure compliance with Loan Servicing Agreements
Facilitate CPC’s partnership with appropriate internal and external partners
Review and approve reserve withdrawal requests to reimburse borrowers for eligible expenditures
Coordinate the review, analysis, and submission of borrowers’ special consent requests including but not limited to assumptions, changes to organizational structures, management changes, collateral releases, easements, tax credit investor exits and additional requests as received from the Borrower and required by the note holder and loan documents
Inform management and other internal stakeholders of risks and issues in the portfolios and assist with quantifying CPC’s risk exposure
Work with internal and external stakeholders to mitigate risks in the portfolios and communicate all servicing and asset management requirements
Monitor borrower level compliance with loan documentation
Provide excellent customer service to borrowers, principals, and sponsors by responding promptly and accurately to questions and information requests
Represent team on systems development and process improvement efforts to maximize efficiency and enhance issue identification capabilities
Perform other duties, as directed or required
Qualification
Required
Bachelor's degree required
Minimum 3 years of relevant experience in real estate asset / portfolio management, finance, development or underwriting
Ability to work effectively in a diverse environment with for‐profit, non‐profit, public and private organizations
Ability to manage multiple assignments, meet tight deadlines, coordinate and communicate effectively and cultivate new and existing relationships
Understanding of multifamily development, ownership, management and finance
Good analytical, oral and written communication and presentation skills
Ability to travel, as necessary
Preferred
Experience with New York State Agency, Fannie Mae, Freddie Mac Multifamily Asset Management requirements preferred
Benefits
401(k) retirement plans with employer match
Medical, dental, and vision benefits for employees and their dependents
Commuter benefits
PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
Tuition assistance program
Two “work from anywhere” weeks per year
Summer Fridays
Collaborative working spaces
Service days to support our communities
Employee development and engagement events
Company
The Community Preservation Corporation
The Community Preservation Corporation maximizes housing investment with unique, flexible capital solutions.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Rafael E. Cestero
Chief Executive Officer
Stephanie Canzani
Chief Operating Officer
Recent News
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