Associate Director Loan Management (Commercial Real Estate)
MetLife - Morristown, NJ

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Job Location

Morristown NJ

Virtual Location
No

Job Description

Loan Manager’s primary responsibilities include: loan closings, loan servicing, loan document negotiation, property inspections, on-going surveillance of current assets and risk rating of current loans. Support the production staff with underwriting and the due diligence process , ensure accuracy and timeliness of all loan data, data flows and reporting, gatekeeper for ad-hoc requests. Work closely with the Law Department, third party servicers and the mortgage and equity teams.
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Principal Responsibilities:
Loan asset management and servicing matters including loan payoffs and prepayments, tenant estoppels, transfers, lease abstracts and reviews, SNDA’s, reserves and escrows, easements, tracking financial information and other borrower requests.

Support mortgage originators on new and refinance transactions and assist with documentation and closing of loans and post-closing items.

Coordinate and assist with mortgage modifications, extensions, loan transfers and restructures.

Team effectively with mortgage originators, third-party servicers, other loan managers and legal counsel to resolve loan management issues including risk management, insurance matters and cross portfolio loans.

Formulate and execute strategies for potential problem loans and note sale programs and workouts.

Coordinate and assist with mortgage compliance initiatives.

Coordinate and manage cash managed loans via monthly waterfall, construction loan draw requests, earn-outs and capital requests.

Prepare/manage/assist with mortgage ratings including financial analysis, underwriting, and valuation of the underlying commercial real estate.

Coordinate/conduct property inspections, as needed.

Track required reporting (e.g. income projections, general authorizations).

Coordinate due diligence and data collection efforts.

Research markets, industry, and financial data in support of loan transactions.

Handle special projects related to commercial real estate investment activities.

Dimensions:
Participate in origination and management of investments for both general account and third party clients

Job Requirements

Required:
3 years loan portfolio management in commercial real estate with experience in loan closing, loan servicing, loan management, or loan administration.

Preferred:
Excellent knowledge of loan documents including leases, SNDA’s, notes, mortgages and loan agreements.

Bachelor’s degree in an applicable business related field

Strong legal skill set.

Excellent communication, organizational and time management skills.

Highly efficient in valuation modeling (Argus) and loan management systems.

Understands federal regulatory law and an expert on clearing OFAC issues.

Experience Required
Five to Seven Years

Education Required
Bachelors Degree Preferred

Business Category

Investments

Job Category
Real Estate

Number of Openings

1

Equal Employment Opportunity
MetLife is proud to be an equal opportunity/affirmative action employer. We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce.

How To Apply
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