AVP, Primary Servicing

SitusAMC Career Opportunity

SitusAMC is where the best and most passionate people come to transform our client's businesses and their own careers. Whether you're a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local come join our team!

This role is responsible for the overall management of an assigned primary servicing function within Situs Asset Management (SAM) and will oversee daily operations and reporting obligations for our clients' portfolios of commercial real estate loans. This position involves a high level of interaction and communication between management, SAM staff as well as clients and various 3rd parties.

Essential Job Functions :

• Manage research requests, supporting asset management team in addressing borrower, investor, or 3rd party inquiries.
• Train new team members.
• Perform review of mortgage / deed of trust, loan agreement and / or commitment letter to determine servicing requirements.
• Manage the onboarding of new loans and modifications and validate accuracy within the core servicing system of record.
• Review 3rd party reports (i.e., appraisal, site inspection, seismic report, zoning report, engineering, and environmental reports) to determine property specific escrow requirements.
• Manage information / communication flow between Borrower and Lender / Client along with the assigned asset manager, as necessary.
• Manage monthly payment process inclusive of invoicing, billing statements, and waterfalls.
• Review payoff demands for accuracy.
• Manage property taxes and insurance coverage, working with appropriate departments with shortages, advances, and forced placements.
• Prepare and ensure all reporting requirements are met, which can include investor remittance reporting, maturities, delinquencies, escrow, and taxes.
• Analyze and interpret legal documents associated with loan administration, including complex structures such as mezzanine loans, multiple facilities, participants, etc.
• Establishes and works with manager to draft and implement policies and procedures, monitors and evaluates procedure effectiveness and effects changes required for improvement.
• Represent Situs in resolving non-compliant issues through verbal and written communication with both internal and external parties.
• Periodically evaluate resources to ensure that specific goals and deadlines are achievable.
• Perform QC on completed product and communicate results to team members.
• Stay abreast of changes in industry standards.
• Develop and maintain relationships with clients and stakeholders, providing regular updates on portfolio performance and investment strategies.

Qualifications / Requirements :

The annual full time base salary range for this role is $75,000.00 - $105,000.00. Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.