Purpose and Job Summary:
The Analyst, a key member of the FHA/USDA Risk Asset Management team, supports all functions of the loan surveillance activities of the department to manage higher risk loans, monitor loan performance to protect the company from default, and conduct loan workout activities on the troubled FHA and USDA servicing portfolio. This position helps to monitor compliance with loan terms and FHA/USDA loan program guidelines, evaluates the physical condition of properties, and works with Associates and Senior Management to address financial/operational issues to avoid or cure defaults. Additionally, the Analyst supports the mortgage servicing department by providing customer service to internal and external stakeholders through distribution and transmission of information, while maintaining comprehensive documentation of all activities and the utmost professional demeanor. The position coordinates and works with bankers, associates, external counsel, FHA/USDA Account Executives, and third parties to carry out post-closing requests.
Essential Duties and Responsibilities:
- Performs loan surveillance activities for seniors housing, multifamily housing, and healthcare facilities, and hospitals.
- Carries out in-depth financial statement analysis of cash flows, net operating income, debt service coverage, and capital expenditures.
- Prepares credit watch list rating write ups for executive review and approval.
- Conducts delinquency and default reporting according to FHA/USDA guidelines and company policies and procedures.
Runs and disseminates reports at required intervals. - Participates in loan workout activities with borrowers, healthcare facility operators, management agents, FHA/USDA Account Executives, company managers, and legal counsel.
- Analyzes loan agreements to understand loan covenants and remedies.
- Works with counsel and management to draft business communication to borrowers.
- Performs late payment collection procedures.
- Coordinates periodic site inspections of mortgaged properties and works with borrowers to address deferred maintenance items.
- Evaluates healthcare facility service and quality of care surveys and works with borrowers and healthcare facility operators to correct deficiencies.
- Promptly responds and provides periodic updates to all inquiries from internal and external stakeholders.
- Regularly researches online resources for federal regulatory changes, handbook content, and periodic updates.
- Facilitates and diligently documents post-closing transaction initiation, progress, and completion such as ownership interest transfers, healthcare facility operator changes, management agent changes, healthcare facility accounts receivable financing changes, commercial lease reviews, easements, partial releases of collateral, condemnation/eminent domain actions, etc.
- Maintains loan servicing files with detailed documentation in an organized manner.
- Completes escrow disbursement requests.
- Prepares payment collection schedules and/or processes payment changes in a timely fashion for various escrow accounts including, but not limited to, mortgage reserve fund and capital replacement reserves.
- Processes and documents any change in borrower, healthcare facility operator, or management agent contact information.
- Ensures that all job functions are executed in compliance with investor requirements and internal policies and procedures.
- Works professionally and harmoniously with team and coworkers.
- Other special projects and duties as assigned.
Education, Skills and Experience:
- Bachelor’s Degree in business administration, finance, accounting or related area.
- Excellent organizational, communication, presentation, and interpersonal skills.
- Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; Ability to manage multiple assignments ant transactions simultaneously.
- Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities.
- Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation).
- Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team.
- Flexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environment.
Life at ORIX
We are committed to the health and well-being of our employees and offer a quality, competitive benefits package that provides valuable healthcare and financial protection for our workforce, while emphasizing a healthy work/life balance.
You Time
We want you to have the time needed to recharge and manage life with our competitive vacation policy, floating personal holidays, extensive leave options, our annual observed holidays, and more.
Family Care
Every family has a different journey and ORIX USA Group is proud to offer extensive benefit programs such as: infertility coverage, adoption support, child and elder care, fully paid maternity, and generous parental leave benefits to help you and your families along the way.
Flexible Work Arrangements
ORIX associates enjoy the advantages of our hybrid working model with a 3 day in-office minimum requirement.
ORIX USA is an equal opportunity employer, providing equal employment opportunities (EEO), and is committed to diversifying its workforce. All employees and applicants for employment will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law. This policy applies to all terms and conditions of employment.
