Multifamily Asset Management, Manager (Asset Resolution) - (Hybrid – 3 Days In Office – Va)

Position Overview:

Position will serve as a key member of the Multifamily Asset Management Asset Resolution & REO team with primary responsibilities focused on investigating, monitoring, negotiating and resolving distressed multifamily loans. The position will frequently interact with borrowers/ sponsors/guarantors along with loan servicers (internal and external) and legal counsel to evaluate and arrive at solutions for the company’s more challenging assets. Inherent in this process is the drafting and execution of well supported business plans to provide an achievable path forward while protecting the interests of Freddie Mac. Apply now to learn about our excellent benefits and why there's #moreatfreddiemac!

Our Impact:

• Our team is responsible for evaluating relief requests and following up on delinquent and/or underperforming loans with a focus on resumption of payments, collateral preservation and overall loss mitigation
• Investigate and pursue remedies to return defective loans to sellers as conditions warrant
• Perform special projects and ad hoc reporting relating to asset resolution activities
• Enforcement of default remedies under loan documents such as penalty charges, receivership, foreclosure, and REO
• Preparation and presentation of monthly updates to internal stakeholders
• Preparation of business plans in support of negotiated resolution strategies such as loan restructures/modifications and maturity deferrals or extensions
• Assist with periodic risk rating and valuation of certain non-securitized loans

Your Impact:

• Minimize losses on distressed mortgage loans via enforcement of legal remedies and/or employment of negotiated alternative strategies as appropriate
• Manage receiverships, foreclosure actions, and REO as supported by approved business plans
• Order and review updated valuation and property condition reports in conjunction with strategy formulation
• Collaborate with legal counsel and other internal partners as required to execute the approved resolution strategy
• Monitor and analyze the performance of loan collateral in conjunction with development of resolution strategy
• Continually track & update the status of loans within Asset Resolution and those with various outside special servicers to be able to respond to questions from both internal and external stakeholders

Qualifications:

• GSE (Freddie Mac, Fannie Mae, and/or HUD) experience a plus
• Expertise in MS Excel with ability to create & utilize macros, tables, formulas, charts, etc.
• Ability to manage multiple efforts and assignments simultaneously
• Demonstrated understanding of valuation and discounted present value concepts
• Knowledge of multifamily property fundamentals, underwriting concepts, and financial statement analysis
• 10+ years of related work experience in a real estate finance and special servicing/loan workout environment
• Bachelor’s degree and effective business writing skills (emails, business plans, memos, briefs)
• Familiarity with key loan documents and servicing agreements
• Strong verbal and written communication skills including use of MS Outlook, Word, Power Point and Teams

Keys to Success in this Role:

• Prior special servicing experience, including engaging & negotiating with borrowers & sponsors
• Strategic, detailed and able to find the bigger picture
• Results driven within corporate parameters and established departmental procedures
• Accountable team player who will build and maintain relationships with both internal and external stakeholders, while able to multitask, prioritize and be flexible
• Positive attitude toward challenging situations and the work needed for creative solutions

Current Freddie Mac employees please apply through the internal career site.

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you’ll do important work for the housing finance system and make a difference in the lives of others.

We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.

Time-type:Full time

FLSA Status:Exempt

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $129,000 - $193,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.