REO Asset Manager: Maximize Returns with Broker Partnerships

Coast One Mortgage; Coppell (TX); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

HSA with employer contribution

401(k) with employer match

Paid maternity/ parental leave

Job summary

Newrez is seeking an experienced REO Asset Manager to oversee liquidation of investor-owned properties, managing a portfolio of 125-175 REO assets. You will direct broker relationships, evaluate asset condition, and control costs while coordinating with the Closing Team to ensure timely closings.

The role requires a college degree and at least 5 years REO experience, with real estate coursework considered a plus. Strong communication, negotiation, and analytical skills are essential.

Qualifications

• 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 and related tools.

Responsibilities

• Maximizes return on REO assets through managed direct broker listings.
• Ensures all parties understand condition and value of each asset.
• Assists in controlling expenses related to sale and maintenance of REO assets.
• Arranges services for maintenance, valuation, and marketing of assets.
• Manages performance of listing agents and negotiates timelines.
• Collaborates with REO Closing Team for timely, accurate closings.

Skills

Microsoft Office

Attention to detail

Negotiation skills

Communication skills

Problem solving

Education

College degree

Tools

MLS access

Job description

Newrez is seeking an experienced REO Asset Manager to oversee liquidation of investor-owned properties, managing a portfolio of 125-175 REO assets. You will direct broker relationships, evaluate asset condition, and control costs while coordinating with the Closing Team to ensure timely closings.

The role requires a college degree and at least 5 years REO experience, with real estate coursework considered a plus. Strong communication, negotiation, and analytical skills are essential.