Real Estate Management
Resume:
LOURDES MARTINEZ
Piscataway, New Jersey 08854
**************@*****.***
EXPERIENCE:
FEDERAL HOME LOAN BANK OF NY, New York, NY – (April 1996 – )
Career Objective – To utilize my real estate portfolio management and administrative skills in a dynamic organization that develops and manages affordable housing.
Community Investment – Monitoring I – (March 2015 – )
Administrator the operation of the Federal Home Loan Bank’s Affordable Housing Program to ensure compliance with federal regulations, program policies and procedures.
Manage portfolio of approximately 100 Affordable Housing projects of multi-family rental and homeowner real estate in all phases of the project life cycle including pre-development, construction, T C of O, stabilization, and tenant occupancy. Managed over 600 projects in Long Term Monitoring.
Analyze the financial structure of multi-family rental & homeowner real estate projects, involving the review/underwriting of all documentation related to multi-family rental real estate projects and homeowner projects, in order to confirm a projects need for subsidy(financing), approved targeting, affordability, and financial feasibility. This includes projects that receive Tax credits.
Provide technical assistance to Member Bank’s (customer institutions), housing organizations and various external agencies.
Manage the status of problem real estate projects and the Monitoring of all problem real estate projects reported on the Watch List to the Bank’s Board of Directors.
Prepare Affordable Housing Program compliance monitoring requests, progress reports and long term monitoring status report requests; ensure they were processed in accordance with the Federal Regulations and the Federal Home Loan Bank’s policies and procedures. Also, evaluate all initial and long term monitoring compliance reports and supporting documentation in order to ensure compliance of completed Affordable Housing Program projects
Assist/train Community Investment Analysts.
Assist in the maintenance of the Departments software system as well as assist in the testing of the department software system new programming, design changes, and performed user acceptance testing on new software to ensure the system could handle required tasks in real-world scenarios according to specifications.
Ensure the accuracy of Data Reporting Management statistics and project status information provided to the Federal Housing Finance Agency.
Assist in the management of internal reporting requirements, including reconciliations, requests for data, statistical information etc.
Assist in the Congressional/public relations efforts of the Federal Home Loan Bank of New York by providing program information and product descriptions.
Prepare/update department policies, guidelines and procedures that enhance the effectiveness and efficiency of the Affordable Housing Program.
Participate in internal audits and external audits conducted by the Federal Housing Finance Agency, which also involve providing presentations regarding Affordable Housing program products and processes.
Attend meetings, networking events, conferences, as well as participate in webinars, in order to keep abreast of any Affordable Housing Industry guidelines.
Community Investment Quality Control Analyst – August 2007 to March 2015
Managed over 100 real estate projects which received Affordable Housing subsidy. Placed over 100 real estate projects in 2014 into Long Term Monitoring. Managed over 600 projects in Long Term Monitoring.
Participated in internal department computer system testing, which included performing user acceptance testing on new software to make sure it can handle required tasks in real-world scenarios, according to specifications.
Conducted research in order to obtain information of products and practices offered by other Federal Home Loan Banks. For example: Practices and guidelines on of site-visits performed on projects that received Affordable Housing Program subsidy.
Prepared Project Management deliverables and presented at Committee meetings.
Reviewed Federal Housing Agency Regulations and Office of Inspector General reports; prepared synopsis.
Attended meetings, networking events, conferences, as well as participate in webinars, in order to keep abreast of any Affordable Housing Industry guidelines.
Managed the status of problem real estate projects and the Monitoring of all problem real estate projects reported on the Watch List to the Bank’s Board of Directors.
Assisted in the maintenance of the Departments software system as well as assisted in the preparation of testing department programming and design changes to the Community Investment department system.
Analyzed Affordable Housing applications and supporting documentation, included/submitted by Member banks (customers) and Sponsors to apply for grant (gap) funding subsidy.
Evaluated/analyzed AHP funding requisitions from customer institutions to ensure compliance with applicable regulations and internal procedures
Perform site-visits of real estate projects that received affordable housing subsidy to ensure the projects are responsibly maintained.
Participate in internal audits and external audits conducted by the Federal Housing Finance Agency, which also involve providing presentations regarding Affordable Housing program products and processes.
Manager of First Home Club Grant Subsidy Program (May 2004 - 2007)
Managed the operations of the First Home Club Grant Program
Provided technical assistance to member bank institutions, housing organizations and various external agencies
Analyzed Affordable Housing applications and supporting documentation, included/submitted by Member banks and Sponsors to apply for grant (gap) funding subsidy.
Enforced, wrote and updated program policies and procedures
Trained personnel on the First Home Club Grant program and its operation.
Participated in implementing Sarbanes-0xley procedures testing and participated in Sarbanes-Oxley internal audit.
Participated and assisted with the Federal Housing Finance Board internal audit of First Home Club files.
Participated and assisted with internal department audits.
Collateral Department/Loan Review Analyst (1996-2003)
Responsible for on-site review and due diligence process of residential mortgage portfolio collateral, including its analysis, valuation and conformity to the secondary mortgage market standards and validation of data describing mortgages pledged. The on-site reviews were performed in accordance with standards similar to those established by the Auditing Standard Board of the American Institute of Certified Public Accounts.
Performed as lead analyst and participated as assistant lead analyst in on-site reviews (audits) of member bank’s residential mortgage collateral, including 1-4 family, home equity, second mortgage, cooperative share loan, mixed-use residential mortgages, and multi-family commercial mortgages ensuring compliance with the Federal Home Loan Bank’s Credit Policy, the Credit Risk Team’s operating rules and the Federal Housing Finance Board regulations.
Prepared Summary report of On-Site Review along with recommendation for adjustments to on-site review margin.
Prepared member bank (customer institutions) risk assessment reports. Evaluated financial and credit components of member bank reported financial data. Financial analysis included comparing financial performance to industry and bank peer group financial performance. Assisted in the enhancement of the member bank collateral risk assessment process. A fair market value of the member bank’s qualifying mortgage collateral was determined.
Performed review and analysis for pledge requests of large loans $25 million and greater and participation/syndication loans. Prepared recommendation regarding eligibility of collateral.
Maintained proficiency in the knowledge, expertise and review of Puerto Rico mortgage assets and legal documentation.
Assisted in the enhancement of due diligence procedures, forms and reports based on current industry standards.
Developed and distributed risk management reports in regards to the Federal Home Loan Bank’s, exposure to natural and man-made disasters, product type and changes in market conditions.
Participated in Credit Risk Team meetings, when necessary, presenting on-site results and recommendations.
EDUCATION: Seton Hall University, BA, Liberal Arts Degree – 1986.
PROFESSIONAL COURSES:
Real Estate Finance & Accounting–New York University-June 2015 – Candidate for Certification June 2016
Fundamentals of Property Management–Pace University – October 2013
PROFESSIONAL ORGANIZATIONS:
Member of the Women’s Association of Savings Institutions of NY
Member of the NY Chapter - Association of Latin Professionals in Finance & Accounting
SOFTWARE: Excel and MS Word. Proficiency in data collection software use by FHLB
Languages: Spanish
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