Not Authorized
You are currently not authorized to access this section.
Please contact your Administrator to change your authorization settings.
Please contact your Administrator to change your authorization settings.
Asset Manager
Tampa, FL
Job Description
Transfer Asset Manager Position Overview:
The Transfer Asset Manager will be responsible for a wide variety of work related to processing Transfers that involve a change of ownership in our Borrower organization structures and Loan Assumptions from the sale of a Property that require Lender Consent from Fannie Mae, Freddie Mac, Master Servicers, Life Companies and other Investors.
Responsibilities will include but is not limited to providing a quantitative and qualitative analysis the proposed transaction, requiring Lender consent in accordance with JLL policies and procedures and Lender Servicing Standard. The Asset Manager will proactively manage the life cycle of the request to ensure that exceptional service is provided to internal and external clients, while processing and mitigating risk and managing a high volume and high demanding work environment. Reviews include but are not limited to a review of the loan documents, loan history and performance, property operational history and performance, 3rd party report reviews, including physical needs assessments and environmental reports, site inspections, credit analysis, organizational documents, legal memos,
Prior experience with Fannie Mae and Freddie Mac must, and knowledge of affordable housing relating to Low Income Housing Tax Credits (LIHTC) preferred.
Responsibilities and Duties:
Manage the life cycle of a Transfer Request, from initial contact with Borrower through the close out of the transaction
Manage Buyer/Seller expectations, mitigate issues, ensure that reviews are progressing with Client timelines and keep Senior Management and Loan Officers update to date.
Manage and mentor with other team members to determine the scope of work that is required to process the transaction, taking into consideration, JLL and Lender Servicing Standard, Loan Documents, Loan Product and Guide requirements.
Provide oversight over team workflows that includes engagement, collection of due diligence materials, ordering reports, engaging counsel and managing both agency and JLL system requirements.
Underwrite Transfer request in accordance with JLL guidelines and requirements, keeping with timelines:Analyze 3rd party reports for inspection, physical needs, and environmental - conduct risk assessment and provisional needs e.g. post-closing repairs, reserve increases, environmental releases etc.
Analyze, interpret, and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines
Assess Transferees organizational capacity to assume Loan obligations by reviewing real estate experience, financial capacity and credit worthiness, etc.
Prepare a thorough underwriting narrative that includes a description of the proposed transaction, purchase and sale, loan history, review and analysis of 3rd party reports, a property operational review, market analysis, proposed management changes, proposed loan modifications, loan document requirements, legal review/issues, proposed organization structure/documents, a complete credit worthiness evaluation and make a final recommendation for Chief Underwriter's approval
Identify potential risks and/or problems and understands the big picture implications
Provides mitigants to discuss with Chief Underwriter and relationship manager
Develop and maintain strong relationships with agency personnel and build New Sponsor relationships.
Interfaces and collaborates with support staff to review, underwrite, and close the transaction.
Provide support to Asset Managers, Underwriting and Production as needed
Interface and provide support to JLL originations teams, to facilitate Intercreditor document execution
Other duties as assigned
Qualifications:
Knowledge in Multifamily real estate knowledge a must
Knowledge of underwriting practices, loan servicing, closings, loan surveillance, credit analysis
Background with Fannie Mae, Freddie Mac multifamily real estate, a plus
Must be proficient in Microsoft Excel and Word
Strong math, analytical, verbal, writing and organizational skills
Exceptional time management skills, with ability to perform under demanding deadlines, multitasking and working on a very high work volume
Ability to deal directly with clients and lenders in a professional manner, work independently and in a team environment
Bachelor degree preferred
#LI-EL
JLL Is an Equal Opportunity Employer JLL is committed to developing and maintaining a diverse workforce. JLL strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall and termination without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, trade union membership, social position, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law. The company also endeavors to make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodations would impose an undue hardship on the operation of our business and ensures that employment decisions are based only on valid job requirements.
The Transfer Asset Manager will be responsible for a wide variety of work related to processing Transfers that involve a change of ownership in our Borrower organization structures and Loan Assumptions from the sale of a Property that require Lender Consent from Fannie Mae, Freddie Mac, Master Servicers, Life Companies and other Investors.
Responsibilities will include but is not limited to providing a quantitative and qualitative analysis the proposed transaction, requiring Lender consent in accordance with JLL policies and procedures and Lender Servicing Standard. The Asset Manager will proactively manage the life cycle of the request to ensure that exceptional service is provided to internal and external clients, while processing and mitigating risk and managing a high volume and high demanding work environment. Reviews include but are not limited to a review of the loan documents, loan history and performance, property operational history and performance, 3rd party report reviews, including physical needs assessments and environmental reports, site inspections, credit analysis, organizational documents, legal memos,
Prior experience with Fannie Mae and Freddie Mac must, and knowledge of affordable housing relating to Low Income Housing Tax Credits (LIHTC) preferred.
Responsibilities and Duties:
Manage the life cycle of a Transfer Request, from initial contact with Borrower through the close out of the transaction
Manage Buyer/Seller expectations, mitigate issues, ensure that reviews are progressing with Client timelines and keep Senior Management and Loan Officers update to date.
Manage and mentor with other team members to determine the scope of work that is required to process the transaction, taking into consideration, JLL and Lender Servicing Standard, Loan Documents, Loan Product and Guide requirements.
Provide oversight over team workflows that includes engagement, collection of due diligence materials, ordering reports, engaging counsel and managing both agency and JLL system requirements.
Underwrite Transfer request in accordance with JLL guidelines and requirements, keeping with timelines:Analyze 3rd party reports for inspection, physical needs, and environmental - conduct risk assessment and provisional needs e.g. post-closing repairs, reserve increases, environmental releases etc.
Analyze, interpret, and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines
Assess Transferees organizational capacity to assume Loan obligations by reviewing real estate experience, financial capacity and credit worthiness, etc.
Prepare a thorough underwriting narrative that includes a description of the proposed transaction, purchase and sale, loan history, review and analysis of 3rd party reports, a property operational review, market analysis, proposed management changes, proposed loan modifications, loan document requirements, legal review/issues, proposed organization structure/documents, a complete credit worthiness evaluation and make a final recommendation for Chief Underwriter's approval
Identify potential risks and/or problems and understands the big picture implications
Provides mitigants to discuss with Chief Underwriter and relationship manager
Develop and maintain strong relationships with agency personnel and build New Sponsor relationships.
Interfaces and collaborates with support staff to review, underwrite, and close the transaction.
Provide support to Asset Managers, Underwriting and Production as needed
Interface and provide support to JLL originations teams, to facilitate Intercreditor document execution
Other duties as assigned
Qualifications:
Knowledge in Multifamily real estate knowledge a must
Knowledge of underwriting practices, loan servicing, closings, loan surveillance, credit analysis
Background with Fannie Mae, Freddie Mac multifamily real estate, a plus
Must be proficient in Microsoft Excel and Word
Strong math, analytical, verbal, writing and organizational skills
Exceptional time management skills, with ability to perform under demanding deadlines, multitasking and working on a very high work volume
Ability to deal directly with clients and lenders in a professional manner, work independently and in a team environment
Bachelor degree preferred
#LI-EL
JLL Is an Equal Opportunity Employer JLL is committed to developing and maintaining a diverse workforce. JLL strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall and termination without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, trade union membership, social position, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law. The company also endeavors to make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodations would impose an undue hardship on the operation of our business and ensures that employment decisions are based only on valid job requirements.
Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
Open
Email this Job to Yourself or a Friend