Experienced REO Asset Manager: Maximize Asset Returns

Coast One Mortgage; Houston (TX); On-site; USD 95,000 - 125,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Health Savings Account with employer

401(k) Retirement plan with employer

Paid Maternity Leave/Parental Bonding/

Adoption Assistance

Tuition & Certification reimbursement

Employee Mortgage Loan Program

Emergency and Disaster Fund

Job summary

Newrez is seeking an experienced REO Asset Manager to oversee the liquidation of investor-owned properties, managing a portfolio of 125–175 REO assets through direct broker relationships.

You will maximize returns, supervise listing agents, assess asset conditions, and coordinate with the REO Closing Team to ensure timely closings, while complying with company policies and improving departmental processes.

Qualifications

• College degree required; equivalent work experience may be considered.
• 5 years REO experience required.
• Real estate courses or license considered 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.

Skills

Negotiation

Attention to detail

Organizational skills

Independent work

Communication skills

Education

College degree

Real estate courses or license

Tools

Microsoft Office

Job description

Newrez is seeking an experienced REO Asset Manager to oversee the liquidation of investor-owned properties, managing a portfolio of 125–175 REO assets through direct broker relationships.

You will maximize returns, supervise listing agents, assess asset conditions, and coordinate with the REO Closing Team to ensure timely closings, while complying with company policies and improving departmental processes.