Asset Manager - Agency Multifamily

About Us:

The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities, and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.

Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy.

As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration.

Role Summary:

The Asset Manager is responsible for managing a portfolio of Small Balance, Conventional, and Affordable multifamily loans, ensuring compliance with Investor requirements and CPC standards. This role focuses on loan-level oversight, risk assessment, collateral monitoring, borrower engagement, and timely execution of servicing activities that support strong credit quality and operational performance. Working under the guidance of senior team members, the Asset Manager develop expertise in Agency servicing and asset management practices while supporting the administration of performing loan relationships. The position is responsible for day-to-day portfolio management activities, identifying potential risks, and escalating issues as appropriate to support effective portfolio oversight and Investor compliance.

What You’ll Do:

• Manage a portfolio of approximately 110+ SBL, Conventional, and Affordable Agency loans.

• Monitor loan, property, and borrower performance to identify emerging risks, operating concerns, and compliance issues.

• Review financial statements, rent rolls, operating budgets, and other borrower reporting to evaluate asset performance and identify potential risks.

• Prepare monthly watchlist comments, risk assessments, and asset-level summaries to support risk management activities.

• Review and process borrower requests, including management changes, reserve disbursements, easements, and other servicing-related actions in accordance with Investor guidelines.

• Monitor collateral condition through review of property inspections and coordinate with borrowers to ensure timely completion of required repairs and corrective actions.

• Analyze delinquency trends, upcoming maturities, loan covenant compliance, and property condition to support proactive portfolio management.

• Assist in the preparation and submission of borrower consent requests for Investor approval, including the compilation of supporting documentation.

• Review loan documents and servicing records to verify compliance with loan terms, Investor requirements, and internal procedures.

• Partner with Servicing, Legal, Closing, Origination, and other internal stakeholders to resolve loan-level issues and support efficient portfolio administration.

• Maintain accurate loan data, servicing records, and documentation within servicing and asset management systems.

• Escalate material credit, operational, legal, or compliance concern to senior team members as appropriate.

Skills and Experience:

• Bachelor's degree in a Business, Finance, Real Estate, or a related field preferred.

• 4+ years of experience with a focus on Fannie Mae and/or Freddie Mac Multifamily portfolio preferred; open to candidates with 2–3+ years of strong, directly relevant experience in commercial real estate asset management, loan servicing, underwriting, credit analysis, portfolio management, commercial lending, or a related field.

• Familiarity with Fannie Mae and/or Freddie Mac Multifamily programs and servicing requirements preferred.

• Basic understanding of multifamily real estate fundamentals, including property operations, financial performance, ownership structures, and market dynamics.

• Ability to review and analyze financial statements, operating budgets, rent rolls, and other borrower reporting to identify performance trends and potential risks.

• Demonstrated ability to manage multiple projects and assignments, meet deadlines, communicate effectively, and build strong professional relationships.

• Strong analytical and problem-solving skills with the ability to exercise sound judgment and recommend appropriate risk mitigation.

• Ability to work both independently and collaboratively within cross-functional teams while maintaining a high degree of accuracy and attention to detail.

• Proven commitment to data integrity, compliance, documentation standards, and operational excellence.

• Excellent oral and written communication skills.

• Ability to travel, as necessary.

What We Offer:

• Competitive compensation

• 401(k) retirement plans with employer match

• Medical, dental, and vision benefits for employees and their dependents

• Commuter benefits

• PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability

• Tuition assistance program

• Two “work from anywhere” weeks per year

• Summer Fridays

• Collaborative working spaces

• Service days to support our communities

• Employee development and engagement events

• More about our offerings and culture here

This is a remote role available in Texas. Periodic travel may be required. The salary range is $85,000 – $100,000, dependent on experience and market factors.

Applicants must be authorized to work in the United States. The Community Preservation Corporation does not provide employment sponsorship of any kind. Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application.

The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.