HUD Asset Manager

TITLE

HUD Asset Manager

EOE STATEMENT
CFG is an Equal Opportunity Employer. We provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other legally protected characteristic. We are committed to ensuring a diverse and inclusive workplace, and all employment decisions are based on merit, qualifications, and business needs. If you require accommodations during the application process, please contact Human Resources.

LOCATION

CFG Corporate Office

DESCRIPTION

COMPANY SUMMARY:
CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $5 billion in assets by 2023. With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service. Recognized as "Best Place to Work" by the Baltimore Business Journal in 2022 and 2023, our primary goal is making each team member feel choosing CFG Bank was their best career decision. Join us for professional growth and a positive work environment that sets CFG Bank apart.

POSITION SUMMARY :
The HUD Asset Manager plays a critical role in managing a segment of a substantial loan portfolio, comprising over 470 loans. This position involves a wide array of responsibilities spanning daily escrow account monitoring, coordination with HUD representatives, processing mortgage payments, maintaining loan files, and conducting monthly monitoring of various asset management reports.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
Servicing a portion of a 470+ loan portfolio
Daily monitoring of escrow accounts (taxes, insurance, replacement reserves and repairs); working with Escrow Manager to procure any necessary information
Working directly with HUD Account Representative to review and approve Replacement Reserve, Repair and other miscellaneous client requests
Vouchering, posting and distributing Replacement Reserve and Repair money to clients
Generating, printing and distributing monthly mortgage invoices
Monthly processing of mortgage payments; receiving, posting to CS system and depositing with financial institution
Maintaining and creating loan files and filing any necessary correspondence, loan statements and payment back-up, etc.
Monthly monitoring of various Asset Management reports to include Insurance Ticker, 10-year PCNA, Facility License expirations, Lease expiration, Repair, Debt Service, Health Survey’s, HUD”s bi-monthly Risk Surveillance Report, etc.
Complete Action Plans and Risk Notifications as required by HUD
Assist with Quarterly Audits of client files
Monitoring REAC physical inspection reports
Procuring State Health Surveys and completing data entry in the Access database. Review any “Red Flags” with the Senior Risk Mitigation Analyst.
Procuring quarterly and year-end financial statements from clients and completing data entry in the Access database. Review any “Red Flags” with the Senior Risk Mitigation Analyst
Assisting clients with any issues that may arise during the life of their loan; building rapport with clients
Working with the attorneys, closing coordinator and other departments to coordinate certain pre- and post-closing functions
Prepare post closing package for document custodian and GNMA; input GNMA information into GNMA Portal
Prepare loan input forms for new loans using closing documents and inputting loan information into CS system
Miscellaneous duties as requested from both internal and external clients.

QUALIFICATIONS AND REQUIREMENTS:
Skilled working knowledge of Microsoft Word, Excel and Outlook
Excellent customer service and organizational skills
Effective knowledge of loan documentation and loan servicing/asset management a plus
General knowledge of Multi-Family lending helpful

WORK ENVIRONMENT:

We offer a hybrid schedule, with 3 days inoffice and 2 days remote after the initial 90-day period.

CFG Bank is an Equal Opportunity Employer. We provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other legally protected characteristic. We are committed to ensuring a diverse and inclusive workplace, and all employment decisions are based on merit, qualifications, and business needs. If you require accommodations during the application process, please contact Human Resources.

ABOUT THE ORGANIZATION

CFG BANK HAS ESTABLISHED POLICIES AND PROCEDURES TO FULFILL THE REQUIREMENTS OF THE BANK SECRECY ACT (BSA), USA PATRIOT ACT (CUSTOMER IDENTIFICATION PROGRAM) AND ECONOMIC SANCTIONS PROGRAM (OFAC). IN ORDER TO ENABLE ITS EMPLOYEES TO ACHIEVE THE OBJECTIVES AND RESPONSIBILITIES OUTLINED IN THESE POLICIES AND PROCEDURES AND TO COMPLY WITH THE REQUIREMENTS OF THESE ACTS AND LAWS, THE BANK HAS SET FORTH UP-TO-DATE CURRENCY TRANSACTION REPORTING AND SUSPICIOUS TRANSACTION REPORTING PROCEDURES INTENDED TO ASSURE THE PREPARATION AND FILING OF COMPLETE AND ACCURATE CURRENCY TRANSACTION REPORTS (CTR) AND SUSPICIOUS ACTIVITY REPORTS (SAR) FOR EACH AND EVERY REPORTABLE TRANSACTION AND HAS PROVIDED CURRENT OFAC LISTS FOR NEW CUSTOMERS AND LOAN APPLICANT COMPARISONS.

AS AN EMPLOYEE OF CFG BANK YOU ARE REQUIRED TO BE:

• DEDICATED TO ACHIEVING THE OBJECTIVE OF ASSISTING BANK MANAGEMENT IN THEIR EFFORTS TO IDENTIFY REPORTABLE TRANSACTIONS; AND

• DEDICATED TO ACHIEVING THE OBJECTIVES AND REPORTING REQUIREMENTS OUTLINED IN THE BANK'S BSA, CUSTOMER IDENTIFICATION PROGRAM AND ECONOMIC SANCTION PROGRAM POLICES.

THE MANDATORY TRAINING TO COMPLY WITH THE REQUIREMENTS OF THE BANK'S BSA, USA PATRIOT ACT AND ECONOMIC SANCTIONS PROGRAM WILL BE PROVIDED WITHIN 90 DAYS OF ACCEPTING THIS POSITION.

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