Asset Manager - Loss Mitigation

Overview

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with over $12 billion in loan originations in 2024. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac multifamily loan originations and is the #1 Overall HUD Multifamily and Healthcare Lender in the country.

Greystone also ranks nationally as a top affordable housing, seniors housing, and small balance loan lender. At Grestone, charity is at the heart of who we are and what we do.

At Grestone, everything we do is driven by our purpose of improving others’ lives. As we work hard to maintain our ranking as a top national commercial real estate lender, our culture of caring and support is just as important. We don’t just say “Where People Matter” – we lead with this mantra every day to guide our actions and behaviors.

Greystone is committed to fostering and preserving a culture of inclusion. Belonging is at the heart of our culture of caring, integrity and excellence and is a driving force behind our entrepreneurial spirit and creativity.

We are seeking an Asset Manager to join our Loss Mitigation team. The Asset Manager will work closely with borrowers and property management agents to solicit and analyze financial reports and identify loan risk within the portfolio. The Asset Manager will also be responsible for making recommendations to mitigate potential loss.

• Work closely with borrowers and property management agents to solicit and analyze financial reports to present to senior management.
• Perform property level valuations in order to value the collateral asset.
• Conduct market research to determine various factors impacting property level performance.
• SOLICIT and analyze property operating statements and perform critical financial and valuation analysis to determine risk.
• Maintain compliance with loan documents and Fannie Mae and Freddie Mac regulations.
• Work closely with senior management to develop work-out strategies such as forbearance, modifications and maturity extensions on behalf of Borrowers with agency counterparts.
• Prepare recommendations on troubled assets for presentation to senior management and investors.
• Interact and conduct meetings with legal counsel, appraisers, engineers, and local brokers.
• Other responsibilities include monitoring delinquencies, operating statements, inspections, watch lists, and collateral condition reports. Prepare monthly bi-weekly delinquency reports, monthly portfolio reports, CREF-C comments and other analysis/reports as required by management.

• A Bachelor’s Degree in Finance or equivalent is required.
• Minimum 3-5 years of experience with Fannie Mae/Freddie Mac loan products, REO experience, special servicing, and underwriting and healthcare seniors background a plus.
• Understanding of the multifamily and student housing market to identify loan risk within the portfolio and make recommendations to senior management to mitigate potential loss.
• Understand loan documentation and real estate on a business level.
• Familiarity with third party reports such as Physical Needs Assessments, Appraisals, and Broker Opinion of Value.
• Understanding of property valuations (Income Approach and Sale Approach) to complete internal valuations for reserve calculations.
• Exceptional skills in software applications for Microsoft Office (Word, Excel, PowerPoint) and the ability to quickly learn new applications for multi-family real estate asset management.
• An ability to maintain relationships while frequently communicating with and influencing internal and external customers at all levels of their organizations.
• A strong sense of urgency about solving problems, meeting deadlines, and achieving critical goals.
• An ability to execute multiple projects with deliverables to ensure that timelines and results are achieved on a consistent basis.
• An ability to demonstrate decisiveness and adaptability, quickly modifying approaches to accommodate inevitable changes in customer needs, business directions, and conditions.
• Consistently produces at a…