VP, Affordable Prescreen Manager

Newmark’s Multifamily Capital Markets team offers a fully integrated global investment sales and lending platform. From marketing the sale of single assets and portfolios to structuring complex debt solutions to providing life-of-loan servicing and asset management, we offer comprehensive services tailored to our clients’ unique needs. With over $37 billion in multifamily transaction volume annually, our Multifamily team works collaboratively with clients to craft and execute targeted strategies, effectively optimizing the capital structure, increasing efficiency and maximizing value. The Investment Sales team is recognized nationwide for its expertise, providing asset-specific customization that yields highly effective transaction strategies. Tapping into our proprietary database, each advisor has real-time access to unique market intelligence, driving demand and matching each client’s assets to a diverse group of investors, from private and institutional owners to global investors. Investment Sales advisors work closely with the Debt & Structured Finance team on loan origination, underwriting, closing, life-of-loan servicing and asset management. This experienced team provides clients with innovative and comprehensive solutions by accessing a full suite of debt products, including Fannie Mae, Freddie Mac, FHA, Bridge, Life Company, Bank and CMBS products.

 

Proactively manage the team’s loan pipeline and work with Origination, Underwriting and Credit to facilitate the structuring and documentation of creative and efficient loan executions for our customers.  The primary job function is to manage the day-to-day activities of the prescreen team and provide balance, guidance, support, and direction to the team throughout the prescreening process.  

The Prescreen Manager must ensure the team generates accurate, complete, well-presented, and timely work product to achieve the Customer’s objectives while ensuring that the NKF credit team has the analysis necessary to make sound lending decisions.  The Prescreen Manager is responsible for the quality and accuracy of the work performed by the Team, as well as efficiency and coordination of the Team’s activities.  The Prescreen Manager will also facilitate timely and appropriate communication between all parties involved (NKF, vendors, customers and Investors) as dictated by the characteristics of each transaction.
The quality, completeness and accuracy of the team’s work product are of utmost importance to ensure that NKF makes sound lending decisions.  The timely delivery of work product, coupled with efficient operations and effective communication, are key factors in providing excellent customer service.

General Responsibilities:
 

• Responsible for efficient operation of the team – including timely completion of work, quality and accuracy of work, and proactive management of loans in screening,
• Responsible for effective communication within the Team and between the Team, Origination and Credit
• Function as a problem solver and troubleshooter during the prescreen process
• Function as an “issue identifier” throughout the process, ensuring that there are no last minute surprises that could have been noted earlier in the process
• Assign tasks and specific work assignments to Team Members
• Act as a coach - ensure appropriate distribution of work among the team members and Interact with team members daily in prioritization of day-to-day activities
• Provide guidance and training to team members
• Responsible for thorough knowledge of NKF and Investor Underwriting and Pricing Guidelines and staying current on developments in credit pricing and investor programs
• Ensure that the team meets all agreed upon deadlines
• Know the status and understand the deal issues and appropriately update Origination and Credit

Day-to-Day Responsibilities:
 

• Review loan calculations and quote summaries with Origination and Prescreen Teams
• Ensure accurate and timely prescreen loan packages are submitted to credit for approval
• Ensure accurate and timely quote submissions to Fannie Mae and Freddie Mac; respond to questions and monitor receipt of quotes
• Pipeline Management Reporting
• Review Application and work with Origination to deliver to Customer, respond to questions and monitor execution.
• Facilitate appropriate handoff from prescreen to underwriting and appropriate communication between underwriting and origination
• Assist Credit on projects as assigned
• Management of the team including the completion of performance reviews, goal setting, monitoring of vacation/sick days
• Attend weekly pipeline meetings and ensure pipeline reports are updated by team members
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