Company Profile
Bayview Asset Management
Company Overview
ABOUT BAYVIEW
Bayview Asset Management is a mortgage investment firm focused on investments in mortgage credit, including whole loans, mortgage and asset-backed securities, servicing rights, and mortgage-related equities. We provide a wide range of services, including managing pooled investment vehicles, providing mortgage-related advisory services, and operating a top-rated residential and commercial special servicer.
Bayview Asset Management, LLC believes it is uniquely positioned to serve our clients in five important areas:
Mortgage Investment Fund Management
Bayview currently has approximately $9.4 billion1 in assets under management.
Mortgage Loan Special Servicing (Residential and Commercial)
As a top-rated (Fitch, S&P) special servicing company, Bayview Loan Servicing, LLC has advanced loss mitigation strategies which are recognized for keeping borrowers in their properties and avoiding foreclosure where possible. Our servicing staff of approximately 1,300 professionals is entirely based in the U.S.
Advisory Services
Based in New York City, Bayview Advisory Services, LLC provides select bank and financial institution clients with both transactional support and specialized ongoing portfolio management advice. Transactional support includes comprehensive services for bank M&A transactions.
Mortgage Loan Purchases
Bayview is an active purchaser of large and small pools of seasoned, real-estate backed (performing and non-performing) loans from a variety of banks and government agencies.
Mortgage Loan Sales
Bayview is an active seller of mortgage loans, including seasoned, performing assets to regional and community banks that find it advantageous to purchase performing assets in their footprints to supplement their originations.
Bayview Asset Management, LLC is a registered investment advisor with the Securities and Exchange Commission (the "SEC"). Registration with the SEC does not imply a certain level of skill and training. Additional information is available on the SEC's website at www.adviserinfo.sec.gov.
Company History
Bayview Asset Management, LLC ("Bayview"), initially founded in 1993, is an investment management firm focused on all areas of mortgage credit, including whole loans, mortgage backed securities, mortgage servicing rights, and mortgage related equities. Bayview is headquartered in Coral Gables, Florida with approximately 1,700 employees across asset management and loan servicing operations. As of March 31, 2016, Bayview had assets under management of approximately $9.4 billion. Bayview has substantial experience in sourcing, purchasing, servicing, and managing residential and commercial mortgage loans and mortgage-backed securities.
Bayview is minority-owned by affiliates of The Blackstone Group, L.P. (NYSE: BX).
Notable Accomplishments / Recognition
Bayview Asset Management, LLC is growing rapidly and is always on the lookout for individuals who can help fuel that growth. Career opportunities are available at all levels of our company - from full-time positions to internships. We seek people who are experienced in their respective fields and share our commitment and drive.
In return, we provide our employees an exceptional workplace, one that challenges their capabilities, rewards their achievements and encourages their growth.
We offer industry related training and tuition reimbursement programs to help our employees develop and improve their professional skills. We provide a complete benefits package to our employees. Please click here for a full list of our company benefits. We strongly believe in promoting from within, and we give both financial rewards and promotions to employees who deliver distinguished performance. We think our employees should be comfortable at work, so the work atmosphere is upbeat and the dress code is business casual every day. We sponsor employee events to help foster a relaxed and fun environment and to encourage camaraderie.
In short, we work hard to make sure that our employees are happy at Bayview Asset Management and we are committed to continuing to do so.
Benefits
BENEFITS & TRAINING
At Bayview Asset Management, LLC, we provide our employees with an excellent benefits package. In addition, we provide both an educational reimbursement program and several professional development opportunities through our internal training program.
Medical, Dental, and Vision Plans
All full-time and part-time employees working at least 25 hours per week are eligible for company benefits in the first of the month following 60 days of employment. Coverage options include employee only, employee and children/or spouse or family coverage. The company pays the employee portion of the medical PPO benefit. You may choose either a Dental HMO or PPO.
The vision plan allows discounts on services when using a network provider.
Group Life/Accidental Death & Dismemberment Insurance
The company provides term life insurance at no cost to eligible full-time employees in the first of the month following 60 days of employment.
Short Term Disability
In order to protect employees and their families from sudden loss of income due to illness or injury, short-term disability benefits are paid based on length of service. This benefit is available to full-time employees only.
Long Term Disability
Bayview provides Long Term Disability at no cost to full-time employees. This plan offers continuing income if you are eligible and remain disabled and unable to work for more than 90 days.
AFLAC Supplemental Insurance Plans
The company offers supplemental plans to full-time employees through AFLAC.
401(k) Retirement Plan
Bayview will automatically enroll employees in the 401(k) plan following six months of employment, unless an employee elects to opt out of the plan. For these employees, 2% of his/her compensation will be withheld from each paycheck. Employees may change the amount of their participation. The company match is 50% of that portion of each employee's annual contribution that is equal to or less than 6% of the employees' annual base pay. In any event, the maximum amount the company will match is 3% of the employee's base pay.
Vacation
Following six months of employment, full-time employees are eligible for the following number of vacation days:
3 months to 6 years - 15 days/year
7 years to 14 years - 20 days/year
15 years and up - 25 days/year
A maximum of 40 hours may be carried over at the end of the calendar year.
Holidays
Full-time employees are eligible upon hire for the following holidays: New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and day after, and Christmas. Part-time employees are paid four hours for holidays.
Sick Days
Full-time employees are eligible for sick days after three months of employment.
Employee Assistance Program
Bayview offers the services of ComPsych GuidanceResources as the Employee Assistance and Work life Program. This confidential benefit, which is paid by Lakeview, is a resource to help employees and eligible dependents successfully manage temporary setbacks in life.
Educational Reimbursement
Full-time employees are eligible for educational reimbursement after six months of employment. Work related courses, continuing education courses or seminars are eligible for tuition costs up to a maximum of $3,000 per year.
Training
This program has been created as a set of activities and guidance for employees who wish to advance their professional and personal development and for teams striving to increase their effectiveness. This includes:
Leadership - courses in leadership and management skills.
Professional Development - courses in a variety of topics to enhance individual performance and increase professional skills.
Team Specific - courses for teams to attend together.
Computer Training - offsite classes in Microsoft Word, Excel and PowerPoint.
After Hours Series - Courses held on-site on topics like Spanish, CPR and Personal Finance.
Ethics Training - Online courses covering a variety of ethics and legal topics.