About the Agency:
The New York City Department of Housing Preservation (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.

- We maintain building and resident safety and health
- We create opportunities for New Yorkers through housing affordability
- We engage New Yorkers to build and sustain neighborhood strength and diversity.

HPD is entrusted with fulfilling these objectives through the goals and strategies of “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” Mayor Adams’ comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion the largest in the city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.

Your Team:

The Office of Asset and Property Management (APM) leads the agency’s effort to protect the City’s investment in affordable housing and ensure that properties remain stable and affordable over the 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 includes the Divisions of Asset Management, Property Management & Client Services, Housing Supervision, Housing Opportunities & Program Services, and Co-op Readiness & Technical Services.

The Division of Housing Opportunity & Program Services ensures that HPD’s affordable housing is made available through fair, transparent, and accessible programming. Developers creating affordable housing are required to offer many types of units through an open lottery process on NYC Housing Connect and fill other units through a placement process for households in the City’s shelter system. Housing Opportunity & Program Services administers the housing lottery and homeless placements programs and crafts policy and procedures to ensure that these programs offer equal opportunity to all applicants and affirmatively further fair housing.


Your Impact:

As a Mortgage Officer in the Asset Resolution and Portfolio Analysis Unit of Asset and Property Management you will be tasked with assisting the Senior Mortgage Officer in identifying at-risk projects financed by the City and restoring them to financial stability by developing and implementing a variety of financial strategies as well as operational recommendations. Additionally, you will monitor the City’s mortgage portfolio and position yourself as the primary contact for at-risk borrowers.


Your Role:

Your role will work independently and collaboratively with a team comprised of a Senior Mortgage Officer and several Housing Portfolio Transaction Managers on mortgage modifications, mortgage extensions, and general pro forma analyses related to troubled projects.




Your 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 the viability of projects

In addition, the selected candidate will perform research tasks necessary to improve the integrity and accuracy of mortgage data. The candidate will:
- 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, and regulatory agreements

To support the work and aims of the Asset Resolution and Portfolio Analysis Unit, the selected candidate will:
- 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 to staffers within APM
- Prepare reports, presentations, and written correspondence regarding mortgage initiatives and work on special projects and analyses as needed

1. A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or
2. High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties as described above; or
3. Education and/or experience which is equivalent to "1" or "2" above. However, all candidates must have at least one year of experience as described in "1" above.

Candidates must have strong quantitative analysis and logical thinking skills. Candidates must be detail-oriented and self-motivated. Preference will be given to candidates with a background in real estate finance, affordable housing, and/or asset management. Preferred candidates should also demonstrate: - Ability to perform financial analysis with experience assessing financial risk and recommending ways to mitigate risks - 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

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.