CWCOT/REO SENIOR ASSET MANAGER

ASCRIBE - ASIRUS - SOLID

2d•$60,000 - $75,000

About The Position

The CWCOT/REO Senior Asset Manager is responsible for processing CWCOT (Claims Without Conveyance of Title) Real Estate Owned (REO) property from assignment through closing. The process includes but is not limited to ordering the BPO and appraisal, listing/marketing the property, and negotiating offers while working with a closer/attorney, client, buyer, and title company to ensure the successful close of escrow. The position fulfills responsibilities in the following functional areas: customer service, problem solving, documentation, processing, and negotiating.

Requirements

4 years of experience as an REO Asset Manager and/or Closer
Proven track record of independent, analytical problem solving
Ability to identify and resolve issues within the system of record
Excellent listening, interpersonal, written, and verbal communication skills
Perform mathematical computations and financial calculations
Strong multi-tasking skills
Organizational and analytical skills
Detail oriented
MS Word, Excel, Outlook and internet skills

Nice To Haves

BA degree in finance or business
Prior client management experience
2 years of experience in Salesforce, KAM, Equator or ResNet

Responsibilities

Assign real estate agents and auction vendors for listing and marketing the asset.
Coordinate preservation work (rekey, winterization, lawn, snow removal) and obtain bids for health/safety and repair work with the assigned preservation company.
Submit bids to the client for review and approval, follow up on timely completion of approved work with the preservation company.
Order and follow up on eviction process with attorney, agent, and client.
Cash for keys offers and processing of checks and coordinating the rekey.
Obtain weekly occupancy updates from agents on occupied properties.
Coordinate lockouts with agent and preservation company.
Obtain attorney invoices and client approval to pay to process payment.
Monitor Redemption timelines, request abandonment if possible.
Report vandalism and disasters with photos and bids to the client for insurance claims.
Review of weekly Property Condition reports from the agent
Recommend marketing strategy for client approval.
Prepare all broker/agent/auction instructions from assignment to close of escrow.
Order and review BPOs and appraisals to determine a list price and reconcile if applicable.
Calculate HUD minimum bid using provided HUD matrix
Confirm and negotiate offers, process contracts from the agents and then to and from the client and then to the title company/auction vendor.
Prepare monthly reports and update marketing strategy every thirty days.
Timely follow-up and responses with clients, brokers, and vendors.
Sustain accurate file documentation utilizing internal tracking systems.