Greystone is seeking an Asset Manager to join its Consent Management Team within the Real Estate Servicing and Asset Management Group. This position is responsible for evaluating borrower requests requiring lender and investor approval on a portfolio of Fannie Mae multifamily loans. The Asset Manager will assess operational, legal, financial, and collateral-related requests, perform risk analysis, and provide recommendations that protect investor interests while supporting borrower objectives and maintaining compliance with loan documents and Fannie Mae servicing requirements.
Primary Duties and Responsibilities:- Serve as the primary point of contact for borrowers, sponsors, attorneys, property managers, and internal stakeholders regarding consent-related requests.
- Review loan documents, servicing agreements, and Fannie Mae servicing requirements to determine applicable consent standards and due diligence requirements.
- Evaluate financial, operational, legal, and organizational information submitted in support of borrower requests.
- Analyze the potential impact of proposed transactions on collateral value, property operations, cash flow, and overall credit risk.
- Prepare comprehensive risk memoranda and recommendations supporting approval, conditional approval, or denial of borrower requests.
- Manage consent requests from intake through resolution while maintaining established service levels and turnaround expectations.
- Collaborate with Asset Management, Legal, Underwriting, Servicing, and Agency Relations teams to facilitate efficient review and decision-making.
- Communicate consent decisions, conditions, and requirements clearly and professionally to borrowers and other stakeholders.
- Maintain complete and accurate servicing records in accordance with company policies and investor requirements.
- Identify, escalate, and help resolve issues that could adversely impact collateral performance, loan repayment, or investor interests.
- Consent Types Reviewed Include:
- Property Management Changes.
- Easements and Access Agreements.
- Condemnations.
- Non-Material Leases.
- Repair Extensions.
- Reserve Disbursement Requests.
- Oil, Gas, and Mineral Leases.
- Casualty and Condemnation Proceeds Requests, including requests to apply proceeds toward loan paydown in lieu of restoration.
- Organizational Document Amendments.
- Other servicing and lender consent requests as assigned.
Experience, Skills and Abilities Required:- Bachelor's degree in Finance, Real Estate, Accounting, Economics, Business Administration, or a related field, or equivalent relevant experience.
- Minimum 3-5 years of experience in commercial real estate lending, servicing, underwriting, asset management, credit analysis, or a related discipline.
- Strong analytical skills with the ability to evaluate financial statements, legal documentation, and real estate risk factors.
- Knowledge of multifamily real estate finance concepts and loan servicing practices.
- Proficiency in Microsoft Office Suite, including Excel and Word.
- Excellent written and verbal communication skills, including the ability to prepare concise and persuasive risk analyses and recommendation memoranda.
- Strong organizational and time-management skills with the ability to manage multiple transactions and competing priorities simultaneously.
- Ability to exercise sound judgment and make risk-based recommendations in a fast-paced environment.
- Experience servicing or asset managing Fannie Mae multifamily loans.
- Experience reviewing lender consent requests and preparing risk-based recommendations.
- Familiarity with multifamily property operations, financial statement analysis, reserve administration, and collateral risk assessment.
- Understanding of commercial loan documentation and servicing agreements.
- Strong analytical and critical-thinking abilities.
- Attention to detail and commitment to accuracy.
- Sound business judgment and decision-making skills.
- Ability to work independently and collaboratively across teams.
- Strong customer service and relationship management skills.
- Adaptability and problem-solving capabilities.
- Ability to prioritize competing deadlines while maintaining high-quality work product.
- Professional presence when interacting with borrowers, attorneys, investors, and senior management.
*For HUD's 2025 fiscal year ending September 30, 2025. Based upon combined firm commitments received by Greystone Funding Company LLC and Greystone Servicing company LLC and excludes risk sharing and hospital loans."
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