Steve Parker joined Newmark in 2017 and serves as Managing Director, Asset Management, in the Lower Gwynedd, Pennsylvania office. With over 15 years of professional experience, Parker is well-versed in Asset Management, Surveillance, Portfolio Management, Property Inspections, Servicing Operations, Offshore Platform Development, and Process Improvements. He possesses comprehensive expertise across a range of product types, including Freddie Mac, Fannie Mae, Life Company, CMBS, Construction, and HUD.
In his role, Parker oversees multiple asset management and servicing groups, including Portfolio Management, Financial Analysis, Trigger Analysis, and Loan Surveillance, for a $70 billion portfolio comprising approximately 3,900 loans. He also manages several functions executed by the offshore platform, which he played a key role in implementing in 2020. Additionally, Parker is a member of Servicing’s Risk Committee, and is responsible for reviewing and approving all Broker’s Opinion of Value (BOV) reports for underperforming assets, ensuring accuracy and insight. Additionally, Parker reviews and approves comprehensive loss estimates on Credit Risk loans, and actively participates in monthly credit and portfolio risk meetings, contributing to strategic decision-making and risk management.
Parker has overseen a wide range of servicing and asset management teams throughout his career, with a focus on Risk Management, Portfolio Management, and Surveillance. He brings valuable rating agency experience from his time at Kroll Bond Rating Agency as part of the CMBS Subscription Team. He also spent several years at Berkadia Commercial Mortgage, where he gained extensive experience in both the Client Relations and Surveillance departments. Additionally, Parker is actively involved with the Mortgage Bankers Association, has served as a panel speaker, and is a member of the Mortgage Bankers Association Future Leader Alumni.
Professional Affiliations/Certifications
- Chief Servicing Officer (CSO) Delegate at Freddie Mac
- Chief Asset Manager (CAM) at Fannie Mae
- Member of the Fannie Mae Asset Management Peer Committee
- Alumnus of the Mortgage Bankers Association Future Leaders Program
Education
Parker holds a Bachelor of Arts in Sociology from Shippensburg University.