REO Asset Manager (On-site)

Newrez•Houston, TX

16h•Onsite

About The Position

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. The role involves maximizing returns on REO assets, ensuring clear understanding of asset condition and value, controlling expenses, arranging for property services, managing listing agent performance, and adapting marketing strategies to market conditions. The position requires partnering with the REO Closing Team, complying with company policies, and contributing to departmental improvements. The REO Asset Manager will also oversee the work of REO Asset Specialists to ensure standards are met.

Requirements

College degree required; equivalent work experience may be considered in lieu of degree.
5 years REO experience required.
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.
Strong negotiation and follow-up skills
Strong analytical, problem solving, and mathematical skills to be used in directing decision-making.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator.

Nice To Haves

Real estate courses or license considered a plus.
Understanding of Mortgage lending and servicing, especially Foreclosure, Deed-In-Lieu, Title, and other Default related processes is a plus.

Responsibilities

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.