Asset Manager

Rocket Companies•Remote - Pennsylvania, PA

9d•$70,000 - $135,000

About The Position

The position of Sr. Asset Manager involves managing portfolios of non-performing residential and commercial loans with a focus on minimizing losses and ensuring compliance. This role requires expertise in loss mitigation, foreclosure, bankruptcy, litigation, and regulatory adherence.

Requirements

7+ years of experience in residential and/or commercial real estate, asset management, loss mitigation, non-performing loan workouts, foreclosure, bankruptcy, and related litigation.
Bachelor's degree in Finance, Real Estate, Business, or a related field; advanced degree or equivalent industry experience preferred.
Currently NMLS licensed or eligible to obtain licensing.
Established network of industry relationships, including mortgage servicers, attorneys, title companies, compliance providers, and other third-party vendors.
Strong understanding of mortgage servicing, loan resolution strategies, investor guidelines, and default management practices.
Knowledge of financial markets, credit and risk management principles, and the impact of market, liquidity, leverage, and operational risks on portfolio performance.
Familiarity with financial analysis, discounted cash flow concepts, and Net Present Value (NPV) modeling.
Advanced proficiency in Microsoft Excel, including the ability to analyze large datasets and support portfolio-level decision making.
Demonstrated expertise in loan retention and non-retention strategies, including modifications, repayment plans, forbearance agreements, short sales, deeds-in-lieu of foreclosure, foreclosure management, bankruptcy proceedings, litigation oversight, and regulatory compliance.
Thorough understanding of federal and state mortgage servicing regulations, including CFPB requirements and industry best practices.

Responsibilities

Facilitate loss mitigation and loan workout options, including modifications, repayment plans, forbearance agreements, short sales, deeds-in-lieu, discounted payoffs, cash cures, and other approved solutions.
Manage loans involved in foreclosure, bankruptcy, litigation, and liquidation by coordinating with attorneys, servicers, vendors, and internal stakeholders.
Review documentation, conduct due diligence, monitor portfolio risks, and recommend strategies that improve recovery outcomes and support timely resolution.
Prepare portfolio reporting, status updates, and resolution recommendations for management and key stakeholders while identifying process improvements.
Ensure all activities comply with applicable investor guidelines, servicing requirements, and federal, state, and agency regulations.