REO Asset Manager (On-site)

Newrez LLC-posted 4 months ago
Mid Level
Houston, TX
5,001-10,000 employees
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Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications. We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation. The REO Asset Manager will be responsible for the liquidation of investor-owned properties through the oversight of direct realtor relationships. They will manage a portfolio of 125-175 REO properties.

  • Maximizes the return on REO assets through managed direct broker listings.
  • Ensures that all parties have a clear understanding of the condition and value of each asset.
  • Assists in the control of expenses related to the sale and maintenance of REO assets.
  • Arranges for services relating to the maintenance, valuation, and marketing of assigned portfolio.
  • Manages performance of listing agents.
  • Considers changing market conditions and asset-specific factors to determine the best marketing strategy at the asset level.
  • Able to defend asset management strategies at the asset level to clients, investors, and management.
  • Understands and reacts appropriately to changes in market conditions.
  • Partners with the REO Closing Team for timely and accurate closing of the sale of REO properties.
  • Complies with company policies and procedures.
  • Contributes to the on-going improvement of the REO department through sharing ideas and improvements with the team.
  • Oversees the REO Asset Specialist work product to ensure standards are met regarding timeliness and accuracy.
  • Performs related duties as assigned by management.
  • College degree required; equivalent work experience may be considered in lieu of degree.
  • 5 years REO experience required.
  • Real estate courses or license considered a plus.
  • Proficient in Microsoft Office suite.
  • Excellence verbal and written communication skills.
  • Demonstrated attention to detail and organizational skills.
  • Ability to work independently with minimal supervision.
  • Understanding of Mortgage lending and servicing, especially Foreclosure, Deed-In-Lieu, Title, and other Default related processes is a plus.
  • Strong negotiation and follow-up skills.
  • Strong analytical, problem solving, and mathematical skills to be used in directing decision-making.
  • Medical, dental, and vision insurance.
  • Health Savings Account with employer contribution.
  • 401(k) Retirement plan with employer match.
  • Paid Maternity Leave/Parental Bonding Leave.
  • Pet insurance.
  • Adoption Assistance.
  • Tuition reimbursement.
  • Employee Loan Program.
  • Newrez Employee Emergency and Disaster Fund.
  • 1 Volunteer Time Off (VTO) day.
  • Employee Matching Gifts Program.
  • Newrez Grants Program.
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