Ready Capital offers a positive and diverse work culture incorporated with people who are passionate about their careers. We pride ourselves in being viewed as a premier place to work and encourage you to view our Loan Servicing opportunity.

Job Summary:

We are seeking a Vice President to join our Affordable Multifamily team in our Garden City, NY location that services a portfolio in excess of $4 billion in assets. Our portfolio consists of 285+ multifamily affordable housing properties primarily financed with tax exempt bonds. The ideal candidate will have experience in special servicing and/or asset management, strong analytical, communication and organizational skills, and a proactive approach to problem-solving. This role requires meticulous attention to detail, an understanding of the lending industry and the ability to provide excellent customer service to our clients and investors. The candidate will be responsible for assisting with special servicing requests and monitoring the portfolio.

Summary of Essential Job Functions:

Perform a variety of Loan Servicing functions including:

• Analyze, process and manage borrower consent requests, including but not limited to subordinate debt approval, loan modifications, ownership transfers and loan assumptions, easements, maturity extensions, redemptions and loan payoffs, completion/stabilization date extensions, etc.
• Prepare and submit consent packages for investor approval and manage the full consent process.
• Review and analyze legal documentation, including bond documents and servicing agreements.

• Oversee annual insurance compliance reviews and analyze waiver requests.
• Prepare/Review Excel data tapes and asset summary reports for investor securitizations
• Oversee investor reporting, including CREFC reporting packages and the further development of investor reporting platform

• Auditing the onboarding of new loans into the servicing system.

• Oversee and manage insurance losses, manage proceeds, and monitor property restorations.
• Work collaboratively to achieve department and firm objectives
• Other duties as assigned

Qualifications:

The candidate should possess strong financial, analytical and organizational skills as well as the ability to work in a fast-paced environment to meet deadlines and handle multiple responsibilities. Self-motivated, solution focused and detail-oriented individual. Strong written and verbal communication skills are required with a firm command of Microsoft Office with proficiency in Excel.

Education and/or Experience:

• Bachelor’s degree in finance or other related field
• Multifamily real estate experience, preferably in Servicing and/or Asset Management
• Minimum of 5-10 years of industry and/or relevant experience
• Knowledge of commercial real estate finance, servicing operations and multifamily agency experience (Freddie Mac/Fannie Mae) is a plus
• Experience with CREFC Investor reporting is a plus

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to stand and walk. The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Work Environment:

The work environmental characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. The noise level in the work environment is moderately quiet. We thrive in an environment that encourages hard work while having fun!

Ready Capital (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. We specialize in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York City, Ready Capital employs over 400 lending professionals nationwide.

Ready Capital offers a full range of benefits, including competitive salary, comprehensive health plans to choose from including dental, vision coverage, company-paid life & disability insurance policies, business casual dress and a great culture!

Ready Capital is an equal opportunity employer (EOE)!