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REO Asset Manager II
Summary
Title:REO Asset Manager II
ID:1739
Department:REO & Collateral Mgmt
Location:Houston, TX
Description
Summary:  
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.
 
Responsibilities:
  • 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.
Qualifications/Skills: 
  • 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.
 Educational Requirements: 
  • College degree preferred but not required

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