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Director, Senior Mortgage Producer

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Whippsny
 NJ
Postal Code
07981
Country
United States

This job is no longer active.

Description


 

Position: Director, Senior Mortgage Producer

Job Location:
Atlanta, GA

Chicago, IL

Dallas, TX

Los Angeles, CA

San Francisco, CA

Washington, DC

Whippany, NJ

MetLife Investment Management

Based in Whippany, New Jersey, MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with over $587 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 in all asset classes, with a particular strength in public and private fixed income and private assets, including real estate.

In October 2012, building upon the company’s distinct expertise and success investing in private assets for the general account, MetLife launched its third party asset management business in corporate private placements, infrastructure debt, commercial mortgage loans and direct equity investments in commercial real estate.

In addition to a strong track record and investment talent in both public and private assets, MIM’s competitive advantage lies in our deep credit underwriting fundamentals, seasoned and experienced individuals who have worked together for many years, and a disciplined risk managed approach that permeates the business. Institutional investors have access to MIM’s unique platform and capabilities, intellectual capital, and the ability to work with a financially-strong partner offering attractive long-term returns and well-managed risk.

Real Estate Debt

MIM offers investors a Commercial Mortgage strategy that seeks to identify lower leveraged mortgages that offer higher relative value and greater protection from default risk. Our commercial mortgage business targets primary markets with the remainder in defined secondary and tertiary markets. We focus on institutional quality office buildings, retail centers, apartment complexes, industrial properties and hotels. Professionals in MIM’s regional field office network solicit, underwrite and process the loans and have in-depth real estate knowledge and longstanding industry relationships. Global Real Estate and Agricultural 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. The seven U.S. regions are headquartered in Chicago, Dallas, San Francisco, Los Angeles, Atlanta, Washington DC, and Whippany, NJ.

The Role:

MetLife launched its open-end Commercial Mortgage Income Fund in 2015. The fund’s strong performance has generated healthy investor appetite, creating the opportunity to expand our mortgage origination team by hiring up to four new senior producers across the key markets listed above. The Director, Senior Mortgage Producer, will market, identify, analyze, originate, close and manage higher yielding senior and subordinated commercial January 2019 Page 2

mortgage loan opportunities to fulfill the investment needs of MetLife Investment Management’s real estate lending platform.

Key Responsibilities:

Originate, close and manage new first mortgage higher yielding senior and subordinated debt commercial real estate loan investments across multiple asset classes

Develop, expand and maintain external relationships with key market participants, such as mortgage bankers, developers, consultants, and investors which extend beyond the existing MetLife relationships

Solicit investment opportunities from market participants and communicate MetLife’s commercial real estate loan lending parameters and products

Evaluate new commercial real estate loan investment requests in view of MetLife investment criteria

Underwrite potential new higher yielding senior and subordinated debt commercial real estate loan investments, including evaluating the collateral, sponsorship, and structure; identify potential risks and propose appropriate mitigation structures

Prepare transaction memoranda and present to investment committees for approval

Manage the closing process for new transactions, including negotiating loan applications and loan documents, completing all due diligence, and coordinating a closing team that includes loan asset managers, analysts, attorneys, architects, appraisers and other third-party service providers

Participate in the management and administration of commercial real estate loan investments in the Regional Office portfolio, including annual mortgage ratings, collateral valuations, property inspections, lease approvals, and loan assumptions and modifications

Evaluate and monitor ongoing performance of higher yielding senior and subordinated debt commercial real estate loan portfolio in accordance with stated strategies. Develop strategies for sub-performing loans

Fulfill all loan portfolio reporting requests, as needed

Maintain a close relationship with Debt Strategies Group

Collaborate with Regional Office colleagues to drive increased production of higher yielding senior and subordinated debt transactions across the entire MetLife platform

Key Relationships:

Reports to: Regional Director

Key Stakeholders: Mortgage Origination team lead and producers, Regional Loan Asset Management, Investment Management Portfolio Managers, Debt Strategies Group (DSG), Institutional Client Group, Risk Research and Analytics unit

Essential Business Experience and Technical Skills:

Results-driven professional with 10+ years of experience originating higher yielding senior and subordinated commercial mortgage loan assets

Expertise and strong relationships with key regional market participants, including brokers, borrowers, bankers, developers, and operators relevant to the higher yielding senior and subordinated commercial mortgage loan market

Understanding of all major asset classes in commercial real estate

Strong credit skills and demonstrated ability to analyze and appropriately price risk for higher yield opportunities

Comfort and credibility presenting accurate and compelling recommendations to executive Investment Committee members

Demonstrated ability to develop and introduce profitable investment strategies and execute same through dynamic leadership, strategic planning, and collaboration with experienced internal and external partners

Strong marketing and negotiation skills

Strong interpersonal, oral, and written communication skills with ability to thrive in a collaborative, matrixed team environment

January 2019 Page 3

Demonstrated computer skills including proficiency with Argus Enterprise, Excel, Word, PowerPoint

Bachelor’s degree expected; MBA preferred

Leadership Competencies:

Thinks Strategically – Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs.

Seizes Opportunity – Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.

Focuses on Customers – Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.

Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.

Motivates People – Gains people commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.

Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.

Grows Talent – Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.

Models our Values – Creates a culture that promotes the company’s values and standards through role modeling, accountability and ownership of decisions.


This job is no longer active.

Corporate Real Estate Retail Whippsny Full Time NJ Investment Management, Mortgage, Research/Market Analysis Director, Senior Mortgage Producer other