Sr REO Asset Manager

Newrez•Houston, TX

5d•Onsite

About The Position

The Sr 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 175 -225 REO properties. This role aims to maximize the return on REO assets by managing direct broker listings, ensuring clear communication on asset condition and value, and controlling related expenses. The position involves arranging for property maintenance, valuation, and marketing, managing the REO agent network, and adapting marketing strategies to market conditions. The Sr REO Asset Manager will also partner with the REO Closing Team for timely closings, comply with company policies, and contribute to departmental improvement through mentoring and idea sharing. Oversight of the REO Asset Specialist's work product is also a key responsibility.

Requirements

College degree required; equivalent work experience may be considered in lieu of degree.
5-7 years REO experience required.
Proficient in Microsoft Office suite
Excellence verbal and written communication
Demonstrated attention to detail and organizational skill.
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 agent status for the REO agent network and 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 mentoring Asset Managers, Asset Specialists, and by 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.