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You will serve as a trusted advisor, partnering closely with borrowers, sponsors, legal counsel, internal risk partners, and third-party vendors to navigate highly sensitive and complex asset resolutions.
THE WORK YOU WILL DO
- Manage an assigned portfolio of non-performing multifamily loans and special assets.
- Develop, evaluate, and execute asset resolution strategies, including forbearance, loan modification, foreclosure, note sale, or liquidation.
- Monitor borrower performance and enforce compliance with loan agreements, workout plans, and revised terms.
- Perform financial analysis and risk assessments to inform asset strategy and recovery scenarios.
- Lead and support negotiations with borrowers, sponsors, legal counsel, and external stakeholders to achieve optimal outcomes.
- Coordinate closely with internal teams including Legal, Risk Management, Servicing, Finance, and Asset Operations
- Oversee and manage third-party relationships, including special servicers, receivers, appraisers, property managers, and brokers.
- Identify opportunities to improve recoveries, reduce exposure, and mitigate credit, operational, and reputational risk.
- Ensure adherence to internal policies, regulatory requirements, and documentation standards.
- Provide clear, data-driven recommendations and reporting to leadership on asset performance and resolution progress.
THE SKILLS YOU BRING
- Expertise in special asset management, distressed debt, or multifamily loan workouts
- Strong financial analysis skills, including cash flow analysis and property-level performance evaluation.
- Ability to manage complex negotiations and challenging stakeholder relationships.
- Knowledge of multifamily lending, loan documentation, and asset resolution structures
- Experience working with legal teams and third-party vendors in workout or foreclosure processes.
- Strong risk management mindset with attention to policy, compliance, and regulatory requirements
- Excellent written and verbal communication skills, including executive-level reporting.
- Ability to manage multiple priorities in a fast-paced, highly regulated environment.
QUALIFICATIONS
- Bachelor’s degree in finance, Real Estate, Business, or a related field, or equivalent experience
- 7+ years of experience in commercial or multifamily special asset management, credit risk, loan workouts, or distressed asset resolution
- Experience managing non-performing loan portfolios preferred.
- Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.
Source: Fannie Mae’s Career Page
