Primary Function
The Sr REO Asset Manager will be responsible for the liquidation of investor-owned properties through the oversight of direct realtor relationships. They will manage a portfolio of 175 -225 REO properties.
Principal Duties
- Maximizes the return on REO assets through managed direct broker listings.
- Ensures that all parties have a clear understanding of the condition and value of each asset.
- Assists in the control of expenses related to the sale and maintenance of REO assets.
- Arranges for services relating to the maintenance, valuation, and marketing of assigned portfolio.
- Manages agent status for the REO agent network and performance of listing agents.
- Considers changing market conditions and asset-specific factors to determine the best marketing strategy at the asset level.
- Able to defend asset management strategies at the asset level to clients, investors, and management.
- Understands and reacts appropriately to changes in market conditions.
- Partners with the REO Closing Team for timely and accurate closing of the sale of REO properties.
- Complies with company policies and procedures.
- Contributes to the on-going improvement of the REO department through mentoring Asset Managers, Asset Specialists, and by sharing ideas and improvements with the team.
- Oversees the REO Asset Specialist work product to ensure standards are met regarding timeliness and accuracy.
- Performs related duties as assigned by management.
Education and Experience Requirements
- College degree required; equivalent work experience may be considered in lieu of degree.
- 5-7 years REO experience required.
- Real estate courses or license considered a plus.
Knowledge, Skill, and Ability Requirements
- Proficient in Microsoft Office suite
- Excellence verbal and written communication
- Demonstrated attention to detail and organizational skill.
- Ability to work independently with minimal supervision.
- Understanding of Mortgage lending and servicing, especially Foreclosure, Deed-In-Lieu, Title, and other Default related processes is a plus.
- Strong negotiation and follow-up skills
- Strong analytical, problem solving, and mathematical skills to be used in directing decision-making.
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
Additional Information:
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.
