Description
Role Value Proposition:
MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with over $651 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 900 dedicated professionals with extensive experience and expertise across public and private fixed income and private assets, including real estate. Visit us at to learn more.
MIM’s Global Real Estate and Agricultural Investments platform maintains a portfolio invested in commercial real estate and agricultural mortgages, as well as real estate equities. Real Estate Investments sources and manages commercial real estate investments through seven regional field offices in the U.S. and International field offices in London, Tokyo, Mexico City and Santiago. This role will be responsible for loan asset management, servicing, surveillance, and mortgage ratings for a portfolio of commercial real estate loans owned by MetLife’s general account and third-party investors in the Dallas region. They will also assist loan producers with closing new loan originations.
Key Responsibilities:
Loan Asset Management
- Responsible for loan asset management and servicing matters including payoffs, prepayments, lease reviews, SNDA’s, reserves/draw requests, escrows, cash management, loan assumptions, substitutions, property releases, financial reporting, inspections, post-closing items, and other borrower requests on assigned loan portfolio.
- Coordinate and assist with mortgage modifications and restructures.
Loan Closings
- Support mortgage originators on new loan transactions and manage the closing process; including, allocation, rate lock, coordinating third party consultants, due diligence, reviewing loan documents, etc.
- Complete loan set up and confirm data accuracy across accounting, third party servicing and management information systems.
Surveillance
- Monitor loan/property performance, monitoring problem loans and assist on note sales.
- Prepare annual mortgage ratings including OSAR financial analysis, market research, and valuation of commercial real estate.
Communication
- Partner with mortgage originators, loan managers, analysts, risk management (internal and external), internal departments, third-party servicers, appraisers, regional architects, third party vendors, and legal counsel (in-house and external) on routine tasks and ad-hoc requests.
Essential Business Experience and Technical Skills:
Required:
- 3+ years of experience with loan documents including loan agreements, promissory notes, deed of trust, guarantees, escrow agreements, leases and SNDA’s.
- 3+ years of commercial real estate experience with various property types including office, retail, industrial, multi-family and hotels.
- 3+ years of experience with commercial real estate valuation and market fundamentals.
- Proficiency with ARGUS, Word, Excel, and PowerPoint.
- Team oriented with excellent communication, organizational and time management skills.
Preferred:
- Bachelor’s degree in an applicable business-related field; MBA or MA: Real Estate equivalent.
Travel
5-10%
Business Category
Investments/Real Estate
Number of Openings
1
#MIM
At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.
Job Function
Not specified
Experience
2+ to 5 years
This job is no longer active.