REO Asset Manager II
|Title:||REO Asset Manager II|
|Department:||REO & Collateral Mgmt|
The REO Manager II will be responsible for the liquidation of investor-owned properties generally through the oversight of direct broker relationships. These responsibilities begin after a foreclosure sale or a deed-in-lieu of foreclosure, when ownership of the property transfers to the investor, and continues until the sale of the property has closed.
Maximizes the return on REO assets through managed direct-broker listings.
Ensure that Shellpoint and the investor have a clear understanding of the condition and value of the asset through file maintenance and reporting.
Assists in the control of expenses related to the sale and maintenance of REO assets.
Arranges for contractual services relating to property inspections, appraisers, real estate agents, etc., who may be involved in the inspection or evaluation of the property.
Manages relationship with and performance of listing brokers by requiring and reviewing updates.
Considers changing market conditions and asset-specific nuances to determine marketing strategy and list price reductions as appropriate.
Is prepared to defend asset management strategies at the asset level to clients and investors, as needed.
Understands and reacts appropriately to changes in market conditions.
Performs other duties as assigned
Ensures the 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 sharing ideas and improvements with the team.
Oversees the REO Specialist Level 1 to ensure standards are met regarding the timeliness and accuracy of their work.
Minimum 3+ years REO experience.
Proficient in Microsoft Word and Excel.
Excellence in communication via telephone and written communication.
Demonstrated attention to detail and organizational skill.
Ability to work independently with minimal supervision.
Strong analytical, problem solving and mathematical skills to be used in directing decision-making.
Understanding of mortgage lending and servicing.
Strong negotiation and follow-up skills, as well as the ability to meet strict deadlines.
Experience in late stage mortgage collections, including handling modifications, short sales, and Deeds in Lieu of Foreclosure is a plus.
High school diploma required. Associates degree in business or related field with real estate coursework preferred.
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