Asset Manager - Special Servicing

Anchor Loans • Thousand Oaks, CA

3d • Hybrid

About The Position

The Asset Manager - Special Servicing manages and resolves non-performing, defaulted, and other high-risk loans. The role protects and maximizes collateral value, mitigates losses, and executes recovery strategies. The Asset Manager serves as the primary liaison between borrowers and investors, updates internal systems, evaluates resolution options, ensures compliance with state and federal laws, and reports to senior management.

The position manages loans in imminent or active default and oversees all aspects of resolution. It involves researching default matters, reviewing and approving documentation, coordinating with borrowers, legal counsel, vendors, and internal teams, maintaining loan-file records, and presenting asset status and recovery forecasts. The role also analyzes property valuations, net present value, and cash flows; monitors foreclosure and bankruptcy matters; prepares bidding instructions; manages post-sale REO processes; resolves delinquent tax issues; and reviews vendor invoices.

This is a hybrid position requiring in-office work at Anchor’s Thousand Oaks office on Tuesday, Wednesday, and Thursday, with optional remote work Monday and Friday. Fully remote opportunities are also available. The base pay range is $75,000 to $95,000 per year, plus an annual discretionary bonus based on individual and company performance.

Requirements

• Bachelor’s degree in finance, real estate, or a related field.
• At least 5 years of real estate asset management experience.
• Excellent negotiation, analytical, problem-solving, and organizational skills.
• Strong computer skills, including Microsoft Word, Excel, and Outlook.
• Excellent communication skills.
• Proven ability to manage multiple complex cases efficiently and meet deadlines.
• Detail-oriented, with excellent organizational skills and strong writing and grammar skills.
• Ability to work in a fast-paced environment while maintaining a high level of accuracy.
• Ability to manage multiple projects and adapt to changing priorities.

Responsibilities

• Manage a portfolio of loans in imminent or active default and oversee all aspects of resolution.
• Research default matters, including payment history, lien releases, title chains, construction accounts, and court documentation, to develop and execute resolution strategies.
• Review and approve documentation required during the default management process.
• Communicate with clients, legal counsel, and third-party vendors, providing timely updates and guidance.
• Collaborate with underwriting, servicing, surveillance, and finance teams to optimize recovery outcomes.
• Maintain thorough records of actions, analyses, and communications in loan files.
• Present asset status, resolution strategies, and recovery forecasts to management and investors.
• Analyze property valuations, assess net present value (NPV), and prepare cash flow analyses to support decision-making.
• Monitor foreclosure proceedings, including motions, hearings, and required actions, to meet timelines and investor guidelines.
• Monitor bankruptcy filings and other legal actions that may affect foreclosure status.
• Prepare bidding instructions for management approval before submission to a trustee or attorney.
• Track and manage REO properties after sale through confirmation, redemption, or ratification, ensuring proper recording of deeds and assignments.
• Research and resolve delinquent tax issues.
• Review vendor invoices for accuracy before payment.

Benefits

• Comprehensive health insurance options, including medical, dental, vision, and basic life/AD&D insurance.
• Sick leave and vacation benefits.
• Performance bonus.
• 401(k) retirement program with employer match.
• Tuition reimbursement toward professional development.
• Workplace celebrations, team building, charity drives, and food truck luncheons.
• Onsite gym at the Thousand Oaks location.
• 12 paid holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level