Asset Resolution Counsel

World Business Lenders

10d•Remote

About The Position

World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding. WBL services its loan portfolio and loan portfolios for third parties, specializing in the management of non-performing loan pools and REO. The Asset Resolution Counsel is responsible for leading the legal strategy, portfolio management, and resolution efforts for a portfolio of non-performing commercial loans secured primarily by real estate. This role serves as a strategic business partner responsible for maximizing recoveries while minimizing legal risk, loss severity, and resolution timelines. Working collaboratively with internal stakeholders, outside counsel, loan servicing teams, and borrowers, the Asset Resolution Counsel develops and executes resolution strategies through negotiation, restructuring, litigation, foreclosure, bankruptcy, receivership, REO disposition, and other loss mitigation initiatives. This position requires sound legal judgment, strong financial and analytical skills, and the ability to balance business objectives with legal and regulatory compliance.

Requirements

Law degree (from a nationally accredited U.S. law school is preferred).
Experience working in commercial litigation, bankruptcy, foreclosure, and real estate loss mitigation
Experience successfully managing non-performing loan (NPL) pools and REO portfolios
Experience supervising, developing, and mentoring case management staff
Litigation experience and familiarity with litigation management tools
Experience working for a U.S.-based company.
Strategic Decision Making
Commercial Lending & Real Estate Expertise
Portfolio & Risk Management
Financial Analysis & Business Acumen
Litigation & Bankruptcy Management
Negotiation & Conflict Resolution
Leadership & Team Development
Vendor & Outside Counsel Management
Executive Communication & Presentation Skills
Data-Driven Decision Making
Process Improvement & Operational Excellence
Exceptional Written and Verbal English Communication Skills
Professional, Personable, and Customer-Focused Interpersonal Skills
Sound Judgment, Integrity, and Accountability
Strong proficiency in Microsoft Office Suite, particularly Excel (pivot tables, formulas, data analysis, and reporting), Word, Outlook, and PowerPoint.
Experience working with loan servicing systems, case management platforms, or asset management software used to administer commercial loan portfolios.
Ability to interpret and analyze: Promissory Notes, Mortgages and Deeds of Trust, Loan Agreements, Guaranties, UCC filings, Assignments of Rents, Security Agreements, Title commitments and title policies
Familiarity with commercial foreclosure, bankruptcy, receivership, and litigation management platforms.
Experience reviewing and analyzing: Property valuations and appraisals, Environmental reports, Financial statements and tax returns, Business cash flow, Borrowing base reports, Credit reports
Ability to prepare and evaluate: Recovery analyses, Settlement recommendations, Litigation budgets, Protective advance requests, Reserve analyses
Working knowledge of PACER , state and federal court docket systems, Secretary of State business entity databases, UCC filing systems, county land records, and tax assessor websites.
Experience utilizing business intelligence and reporting tools to monitor portfolio performance, recovery trends, legal spend, and key performance indicators (KPIs).
Familiarity with eDiscovery, electronic document management systems, and secure document sharing platforms.
Strong understanding of data security, confidentiality, and regulatory requirements applicable to commercial lending and legal operations.

Nice To Haves

Experience working with Monday.com, Salesforce, SharePoint, or similar workflow/project management systems is preferred.
Ability to leverage AI-assisted legal research, document review, contract analysis, and productivity tools (such as Microsoft Copilot, ChatGPT Enterprise, Westlaw Precision AI, or Lexis+ AI) while maintaining attorney judgment and confidentiality.

Responsibilities

Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO, toward most effective and efficient resolution
Supervise, train and develop Asset Resolution Department staff
Conduct proactive and effective portfolio management in accordance with established performance standards
Monitor and manage commercial litigation/bankruptcy/foreclosure activities, functions and deadlines
Direct/monitor/liaise with in-house and outside attorneys, collection agencies and other vendors that support the loss mitigation effort
Interact with customers and their counsel
Negotiate and propose settlement agreements and bidding instructions
Monitor loss mitigation workout performance and loss severity trends
Implement and communicate loss mitigation decisions
Maintain delinquency and loss mitigation reporting, including trend analysis and assessment
Conduct comprehensive analysis of debtors' financial position, credit status, personal background, and historical payment performance
Facilitate negotiation and conflict resolution
Perform extensive quarterly review of portfolio being managed to confirm or reassess recovery estimates
Monitor related expenses (taxes, maintenance, utilities, fees, etc.) and timely propose protective advances
Participate in budget preparation for the Asset Resolution Department.
Other projects and duties as assigned.