Associate,AssetManagement

**Purpose and Job Summary:** The primary focus of the Asset Manager position is to provide outstanding service to internal and external clients, and to aid in the administration of our complex servicing portfolio of Fannie Mae loans. The Asset Manager will contribute to the asset management team by participating in various duties related to the administrative, financial, capital and operations of the portfolio. **Essential Duties and Responsibilities:** * Monitor physical condition of property collateral by reviewing or conducting property inspections. Follow up with borrower for completion of any required repairs, ensuring completion prior to agreement expiration (if applicable), and advise Investor accordingly. * Collect, review and analyze property financial operations by the specified due date. Identify underperforming and potentially troubled assets and escalate through the proper channels to assure that performance issues are appropriately addressed. * Assess and manage risk by preparing credit watch list rating write ups for executive review and approval * Review documents from closing to perform loan set up of new or converted loans. As needed, follow up with closing coordinator and legal counsel to collect any missing loan documents, and disseminate pertinent insurance, tax and other information from closing. Set up appropriate follow up systems to manage ongoing compliance with loan document covenants and ensure proper file set-up. * Review and approve disbursements from replacement reserves, completion repair, and other collateral escrows in accordance with Investor and established departmental guidelines * Make collection calls on loans where payments are not received within specified timeframes, follow up to ensure payment receipt, and report status periodically per established guidelines. Participate in problem loan discussions or required research. Coordinate sending late payment letters and collection of late charges. On loans under workout situation