In addition to the Community Development Manager positions available in the Midwest, NCST is also hiring an Asset Manager in our Minneapolis area office, and a Portfolio Manager in our Dallas area office. For more information about the work we do, please
visit out website.
ASSET MANAGER - BLOOMINGTON, MN
The Asset Manager is a member of the Program Operations team. Among its responsibilities, the Program Operations team manages NCST's online property acquisition platform through which properties are transferred between financial institutions and community partners. This includes support before, during and upon closing of the transaction, as well as post-closing analysis to determine the final outcome of the property.
Key responsibilities
- Work with community and financial institution partners on daily transaction processing, including but not limited to database tracking and follow-up, buyer and seller communications, and purchase agreement management.
- Manage the property closing process to ensure timelines are met and obstacles are identified and resolved effectively.
- Provide community partner training to ensure smooth daily processes.
- Review property disposition outcomes and complete follow-up with community partners as necessary to ensure quality end-disposition reporting.
- Collaborate with the community development team to ensure a positive community partner experience and identify property and market trends.
- Review existing processes to determine effectiveness and efficiency that could be realized through change.
Manage special projects, as needed.
Work Experience Requirements
- Two or more years of business experience required.
- Bachelor's Degree or related experience in Business, Real Estate or related field.
- Ability to work independently, diagnose problems, and develop solutions.
- Strong judgment skills to assess issues that need to be escalated.
- Highly organized, analytical, and ability to handle multiple tasks to meet deadlines.
- Strong attention to detail.
- Excellent written, verbal and interpersonal communication skills.
- Working knowledge of MS Access.
- Advanced proficiency in MS Excel.
- Preferred: Experience in asset management or real-estate title closings.
- This job is based in Bloomington, MN. Relocation assistance is not offered.
To apply, please send your cover letter and resume to careers@stabilizationtrust.org.
PORTFOLIO MANAGER - IRVING, TX
NCST acquires certain non-performing mortgages and vacant real estate (REO) to help enhance neighborhood stabilization efforts. We take action to address these defaulted loans prior to foreclosure and move vacant and abandoned properties out of limbo and into the control of local housing providers. This unique non-profit program is operated in partnership with the Housing Partnership Network (HPN) through a subsidiary called the Community Restoration Corporation (CRC).
The Portfolio Manager oversees activities on a portfolio of non-performing mortgage loans acquired by NCST and HPN. The majority of the portfolio work is on vacant properties that will eventually be transferred to local non-profit housing developers or municipal agencies for the purposes of rehabilitation for affordable housing development.
Key responsibilities
- Make appropriate and timely property preservation decisions to mitigate loss and control expenses throughout the loan servicing and REO marketing process for NCST's CRC asset portfolio.
- Monitor loan status and verify condition and occupancy status of properties in NCST's CRC portfolio to identify properties that require securing and/or property preservation work.
- Assess property inspection reports, repair bids, and work reports to protect CRC assets and ensure that NCST program and mission goals are being met, and that work aligns with market standards.
- Validate property preservation charges from vendor on a monthly basis.
- Assist with reconciling charges from other third party vendors.
- Work with vendors to ensure CRC assets are in compliance with city ordinances and code violations are addressed quickly and efficiently.
- Manage daily, weekly and monthly reports and communicate with property preservation vendors to ensure vendors are meeting delivery timelines in accordance with established procedures.
- Working with the NCST Community Development team, engage local housing providers, including counties, municipalities, nonprofits, and land banks, to identify the most effective and community-focused resolution path for assets; negotiate contract terms and conditions as necessary, including property conveyances and grant awards.
- Assist in developing expanded CRC program guidelines, policies, procedures, and vendor protocols when necessary.
- Communicate internally with various departments to address any escalated issues.
- Manage special projects, as needed.
Work Experience Requirements
- Bachelor's degree or equivalent experience in Business, Real Estate, Finance or related field.
- Minimum of 3 years of relevant experience in mortgage servicing or REO asset management is preferred.
- Ability to work independently, diagnose problems, and develop solutions. Strong judgement skills to assess issues that need to be escalated.
- Highly organized, analytical, and task-oriented with an ability to handle multiple tasks and deadlines.
- Strong attention to detail.
- Excellent communication skills, both written and oral. Ability to communicate and interact effectively with all levels of staff and management, as well as with outside vendors and non-profit or municipal partners.
- Solid knowledge of the industry and relevant external forces, with a significant understanding of business operations within the mortgage servicing industry.
- Advanced proficiency in MS Excel.
- This job is based in Irving, TX. Relocation assistance is not offered.
To apply, please send your cover letter and resume to careers@stabilizationtrust.org.
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We are an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.
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Rob Finn
Public Policy Associate
National Community Stabilization Trust
Washington DC
(202) 706-7502
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