Asset Manager, Agency Multifamily

About Us

The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.

Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy.

As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration.

Role Summary

The Asset Manager is responsible for managing a portfolio of Small Balance, Conventional, and Affordable multifamily loans, ensuring compliance with Investor requirements and CPC standards. This role focuses on loan‑level oversight, risk assessment, collateral monitoring, borrower engagement, and timely execution of servicing activities that support strong credit quality and operational performance. The Asset Manager works closely with internal partners, external stakeholders, and Investors to resolve issues, maintain data accuracy, and uphold high servicing standards.

What You’ll Do

• Manage a portfolio of approximately 125 SBL, Conventional, and Affordable Agency loans.
• Monitor loan & asset performance, identify emerging risks, and prepare monthly watchlist comments, Action Plans and risk rating memos.
• Prepare and submit formal requests for Investor approval, including—but not limited to—management changes, extensions, easements, and loan modifications.
• Review or conduct property inspections to assess collateral conditions and follow up with borrowers to ensure timely completion of required repairs.
• Communicate inspection findings and risk considerations to Investors and internal stakeholders.
• Review closing documents for newly originated or converted loans to ensure accurate loan setup and compliance with executed terms.
• Partner with closing teams and legal counsel to obtain missing documentation and ensure proper file setup.
• Monitor delinquencies and upcoming maturities, conduct collection outreach, coordinate late payment letters and charges, and participate in problem‑loan discussions.
• Submit and validate loan‑related system change requests to maintain accurate and compliant loan data.
• Resolve system discrepancies and coordinate with internal teams to prevent downstream reporting issues.
• Partner with internal groups, including Servicing, Legal, Closing and Origination teams to resolve issues and maintain Investor compliance.
• Maintain strong documentation, data accuracy, and adherence to servicing standards across all loan‑level activities.
  
  

Skills And Experience

• Bachelor’s degree required. Masters in business, Finance or Real Estate preferred.
• 4 years of relevant experience with a focus on Fannie Mae and/or Freddie Mac Multifamily
• Familiarity with federal, state and local affordable housing programs.
• Demonstrated ability to manage multiple projects and assignments, meet deadlines, communicate effectively, and build strong professional relationships.
• Strong analytical and problem‑solving skills with exceptional attention to detail.
• Ability to work both independently and collaboratively within cross‑functional teams.
• Proven commitment to accuracy, strong controls, and process discipline.
• High attention to detail with a strong focus on data integrity, risk mitigation, and quality control.
• Excellent oral and written communication skills and problem-solving skills.
• Ability to travel, as necessary.
  
  

What We Offer

• Competitive compensation
• 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
• More about our offerings and culture here
  
  

This is a remote role available in TX, KS, and MO. Periodic travel to our Manhattan or Chappaqua, NY office may be required. The salary range is $85,000 – $100,000, dependent on experience.

Applicants must be authorized to work in the United States. The Community Preservation Corporation does not provide employment sponsorship of any kind. Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application.

The Community Preservation Corporation is an Equal Opportunity Employer, and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.

Compensation Range: $85K - $100K