Senior Mortgage Officer for the Asset Resolution and Portfolio Analysis Unit

About the Role

The Department of Housing Preservation and Development (HPD) oversees housing standards across all 3.7 million homes in New York City. As the nation’s largest municipal housing agency, HPD builds and preserves affordable housing, protects tenants from harassment and displacement, and holds landlords accountable across the five boroughs. Under Commissioner Dina Levy and the Mamdani Administration, HPD pursues an ambitious housing agenda focused on the needs of New York’s tenants.

The Office of Asset and Property Management (APM) leads the agency’s effort to protect the City’s investment in affordable housing and ensure properties remain stable and affordable long-term. APM actively monitors the performance and regulatory compliance of projects sponsored, supervised, and owned by the City, and connects people to affordable housing opportunities. APM comprises three divisions: Asset Management, Property Management, and Housing Supervision. The Division of Asset Management safeguards the longevity and affordability of HPD’s housing portfolio by identifying at-risk buildings, stabilizing distressed assets, and ensuring compliance with regulatory agreements. It monitors both physical and financial conditions, collaborates with owners and partners, and works with HPD’s Office of Development to reposition projects through financial assistance, property management changes, restructuring, or ownership transfers.

As a Senior Mortgage Officer in the Asset Resolution and Portfolio Analysis Unit within the Division of Asset Management, you will identify at-risk projects financed by the City and restore them to financial stability by developing and implementing financial strategies and operational recommendations. You will monitor the City’s mortgage portfolio and serve as the primary contact for at-risk borrowers. The role operates independently and collaboratively with a team of Housing Portfolio Transaction Managers on mortgage modifications, mortgage extensions, and pro forma analyses related to troubled projects.

Responsibilities

• Review and validate mortgage servicing reports to identify delinquent borrowers.
• Proactively reach out to delinquent borrowers to encourage repayment of loans.
• Comprehensively review loan documents, financial reports, municipal data, building information, and management/owner history to evaluate the overall financial stability of a project.
• Work with the Director, team members, and other HPD divisions to identify and implement appropriate interventions to bring loans current and ensure project viability.
• Perform research tasks necessary to improve the integrity and accuracy of mortgage data.
• Assist in the maintenance of data-based tools that track and compile financial data and performance.
• Conduct research and analysis of financial and regulatory documents (e.g., mortgages, audited financial statements, regulatory agreements).
• Collaborate with other HPD divisions as the Asset Resolution and Portfolio Analysis Unit coordinates strategic initiatives to identify, monitor, and/or resolve mortgage-related issues.
• Conduct trainings for staffers within APM.
• Prepare reports, presentations, and written correspondence regarding mortgage initiatives; work on special projects and analyses as needed.

Preferred Skills

• Strong quantitative analysis and logical thinking skills.
• Detail-oriented and self-motivated.
• Background in real estate finance, affordable housing, and/or asset management.
• Ability to perform financial analysis with experience assessing financial risk and recommending mitigation strategies.
• High level of technical proficiency with Excel and other MS Office programs.
• Ability to communicate clearly and effectively, both verbally and in writing.
• Strong interpersonal skills with experience managing relationships and performing outreach.
• Ability to effectively organize, prioritize, and manage multiple tasks and projects.