REO Asset Manager
B
Builders Capital ExchangePrivate Money Lending
United StatesFull-TimeManager
Salary not disclosed
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Job Details
- Experience
- 5+ years
- Required Skills
- Data AnalysisFinancial analysis
Requirements
- Minimum 5+ years of institutional residential REO asset management experience.
- Understanding of residential foreclosure processes and REO disposition.
- Experience managing high-volume REO portfolios in an institutional environment.
- Experience coordinating third-party vendors including brokers, attorneys, and contractors.
- Strong analytical and financial skills with ability to evaluate recovery metrics.
- Experience with asset management platforms and servicing systems.
- Experience working with institutional investors, private lenders, or special servicers.
- Background in residential loan servicing or default servicing.
Responsibilities
- Manage a national portfolio of residential REO assets from foreclosure through disposition.
- Develop and execute asset-level disposition strategies.
- Oversee third-party vendors including brokers, preservation companies, and attorneys.
- Review valuations, broker price opinions (BPOs), and marketing plans.
- Monitor key portfolio performance metrics including days on market and net loss severity.
- Coordinate with servicing teams, capital partners, and legal counsel.
- Approve repair budgets, vendor invoices, and disposition plans.
- Manage escalated issues related to title defects, occupancy, and code violations.
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