Analyst - Transaction Management

Description: The Transactions Management Analyst will be responsible for a wide variety of work undertaken by the Transactions Team as assigned, processing high level Transfers, Routine Consents and Construction Draws involving Fannie Mae, Freddie Mac and Master Servicers as Lenders. The position requires a self-starter highly motivated to work independently and within a Team driven environment. The individual, will be required to pivot from/across workflows, in a high volume, high pace environment, where quality and delivery are key to workflows and scalability.

Essential Functions:

• As assigned, manage a heavy volume of transfer request, that will include working with Borrowers, new Clients, Lenders and attorneys to process and close a transfer transaction.
  • Setting up of files, create tracking items on JLL and Lender systems
  • Engaging legal, ordering reports and follow up on issues
  • Preparation of due diligence checklist and collection of all due diligence materials for underwriting of the Transfer and updating tracking sheets across 20-40+ deals in pipeline at a time
  • Review of all due diligence for completeness and weekly follow up with client, including hosting calls to discuss and review due diligence materials
  • Complete Freddie Mac Early Indication process, coordinate collection and Freddie Approval
    • Draft Early Indication Notices to Buyer/Seller
  • Review and complete credit reports and searches, verification of mortgage to assess risk
  • Review financial statements, SREO and input resulting data into Transfer workbooks
  • Review 3rd party reports for PCR and Phase I, analyze and prepare repair exhibits.
  • Narrative write up to analyze loan history, markets, historical property operations, 3rd party report review/risk and assessment write up.
  • Management Company review and narrative write up.
  • Order site inspections, track, pay invoice and engage the insurance review
  • Maintain the due diligence tracking sheet, and keeping JLL and Lender systems up to date
  • Assisting with underwriting packet submissions to Lenders
  • Preparation of Closing invoices, statements and closing transaction
• Responsible to manage Transfer pipeline/tracking and Team-work progress.
• Process routine Borrower related consent request, to engage, collect due diligence, review, write up, obtain Lender consent, approve and close out the request.
• As assigned, monitors construction progress for affordable rehab loans, required to review construction monitoring reports, spread draws, assess risk, disburse draws and at a high level manage Borrower relationships through the construction period. Frequently will be in contact with Loan Officers, Bridge Loan Lenders, Equity Investors, Trustees to facilitate the draw processing. Evaluates construction draw/disbursement packages to determine if Lender requirements for funding are satisfied. Prepare modifications/extensions as needed.
• Provide support to the Transaction Team and be a resource to the Asset Management Team.
• Interact routinely with leadership, clients, producers, lenders and counsel in conjunction with the daily oversight and management of consent requests
• Periodically undertake special request projects
• Other duties as deemed necessary and assigned by team leader and/or manager

Required skills: Undergraduate degree preferred with a minimum of 1-3 years in Real Estate, Paralegal, Finance, Accounting, Business or equivalent work experience. Proficiency in Microsoft Office, with strong writing skills and proficiency in excel. Position requires a self-starter who can work independently, able to multitask and manage deadlines, recognize and mitigate risk, be detailed oriented and provide strong customer service (written and verbal).

Qualifications:

• Knowledge in Multifamily Loan Servicing and commercial real estate, a plus
• Background in Fannie Mae, Freddie Mac Multifamily real estate, a plus
• Must be proficient in Microsoft Excel and Word, a must
• Strong math, verbal, writing and organizational skills, a must
• Exceptional time management skills, with ability to perform under demanding deadlines, multitasking and working on a high work volume delivery environment
• Ability to deal directly with clients and lenders in a professional manner, work independently and in a team environment
• Bachelor degree in a related field
• Ability to self audit, with excellent attention to detail required