Assistant Vice President

Job Description

We are seeking an individual who will work to process all lender consent items, such as transfers of ownership, easements, property management changes, defeasance transactions, etc. The Individual will be responsible for the full transaction cycle, from initial contact with borrower through close out of the request for the entire Newmark servicing portfolio of GSE, CMBS, and Life Company loans in accordance with policies & procedures, industry standards and servicing agreements. This includes all loans originated by Newark and held in warehouse, for securitization and those already sold or securitized.  This individual will have a blend of commercial loan asset management experience including underwriting, as well as the ability to review and effectively translate loan documents. 

Essential Duties and Responsibilities

• Administer lender consent requests including, but not limited to, transfers of ownership, partial releases, management changes, collateral exchanges, modifications, and waivers, in accordance with applicable loan documents and servicing agreements 

• Measure any potential risk in transaction and minimize or mitigate exposure

• Manage borrower's expectations and work with originators/UW to ensure internal customer service standards are met

• Manage process and effectively communicate among all parties involved in a transaction, including borrower, attorneys, Master Servicers, Special Servicers, and Lenders

• Ensure all transactions are completed on-time pursuant to investor guidelines and/or loan documents

• Strong organizational skills with the ability to manage multiple priorities and complete complex tasks in a timely manner. 

Other Potential Responsibilities

• Monthly reporting to senior management

• Manage workflow to outside counsel

• Review and execute documents as appropriate in accordance with approved delegated authority

• Other duties as assigned

• Bachelor's degree in real estate, Law, Finance or Management preferred.

• Minimum 5 years commercial or multifamily loan asset management experience preferably in processing borrower consent requests within the Freddie Mac K-Deal, Fannie Mae and CMBS space.

• Strong written and verbal communication skills. Candidate must be able to clearly convey loan status 

• Strong analytical skills (property operations, borrower financials and market performance) 

• Strong PC skills, including a demonstrated proficiency with Microsoft Office applications 

• Highly developed organization skills with the ability to maintain a large amount of data in fast paced environment.

• Demonstrates problem solving, decision making, and analytical skills

• Able to work cohesively in a team environment

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 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.