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About the Role

Manage the Special Servicing of a portfolio of Agency (Freddie Mac and/or Fannie Mae) loans in default or imminent default. Proactively manage assets and resolve distressed CRE mortgage loans to maximize recovery in accordance with investor guides.

Responsibilities

Monitor quality and performance of a non-performing loan portfolio from Default through resolution.
Structure and execute resolution strategies (i.e. Foreclosure, Forbearance, Note Sale, DPO, Loan Modification or Reinstatement) in conjunction with Investor goals.
Perform comprehensive analysis of property cash flow, markets, collateral, and valuation to determine default resolution alternatives.
Partner closely with Agency Asset Management counterparts to execute desired resolution strategies.
Review legal filings for accuracy and completeness.
Prepare payoff/reinstatement calculations.
Prepare quarterly Loan Loss calculations.
Review property condition assessment (PCA) reports to understand immediate repair needs.
Review property appraisal reports to understand As-Is and As Stabilized values and impact on loss exposure.
Understand legal contracts, bankruptcy law, foreclosure process, and loan servicing agreements.
Lead and interact with third parties including attorneys, receivers, management companies, brokers, appraisers, and environmental firms and engineers.
Conduct Physical Property inspections as required to evaluate property condition.
Provide timely written updates to senior management and investors.
Present recommendations clearly and concisely.
Request and review documentation supporting servicing advances.
Assist the VP/SVP, Risk Management on ad-hoc projects and requests from Senior Management.
Work independently to identify problems and provide solutions to management.

Requirements

5+ years loan asset management experience with working knowledge of Special Servicing, bankruptcy and loan workouts.
Intermediate Microsoft Office Skills.
Strong analytical, research and reporting skills.
Strong negotiation and communication (both verbal and written) skills.
Extremely high attention to detail and accuracy.
Comfortable interpreting legal documents such as loan agreements.
Strong organizational, time management, and prioritization skills.
Ability to work independently and on teams in a fast-paced environment with strict deadlines.

Skills

Microsoft Office
Analytical skills
Research skills
Reporting skills
Negotiation skills
Verbal communication skills
Written communication skills
Attention to detail
Accuracy
Interpreting legal documents
Organizational skills
Time management skills
Prioritization skills

Location

15-20% Travel

Work Type

Full-time

Experience Level

Senior
5+ years

Education Level

Bachelor’s degree in Business, Finance, Real-Estate or a related discipline or equivalent work experience preferred.

Salary/Compensations

$90,000 to $125,000

Benefits

Discretionary bonus
Medical benefits
401(k) eligibility
Paid time off benefits

About the Company

Arbor Realty Trust, Inc. offers a competitive base salary and discretionary bonus.

Equal Opportunity

We are proud to be an equal opportunity employer and are committed to maintaining a diverse workforce and an inclusive work environment for our associates, customers and business partners.
We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability, ethnicity, pregnancy or any other legally protected status.
We are committed to working with and providing reasonable accommodations to individuals with disabilities.