Asset Manager - Special Servicing
About The Position
The Asset Manager - Special Servicing manages and resolves non-performing loans, defaulted assets, 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, develops resolution strategies, ensures adherence to state and federal laws, and reports to senior management. The position manages a portfolio of loans in imminent or active default and oversees resolution activities, including research, documentation review, communication with clients and service providers, legal and foreclosure monitoring, property valuation and financial analysis, bidding instructions, and post-sale REO management. The position collaborates with internal teams and presents asset status, strategies, and recovery forecasts to management and investors. The role is hybrid, with in-office reporting to Anchor Loans’ Thousand Oaks office on Tuesday, Wednesday, and Thursday and optional remote work on Monday and Friday. Fully remote opportunities are also available.
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 work on 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 throughout 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 documentation 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 trustees or attorneys.
- Track and manage REO properties after sale through confirmation, redemption, or ratification, ensuring deeds and assignments are properly recorded.
- Research and resolve delinquent tax issues and review vendor invoices for accuracy before payment.
Benefits
- Comprehensive health insurance options, including medical, dental, vision, and basic life/AD&D insurance.
- Generous sick leave and vacation benefits.
- Annual discretionary 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
