REO Asset Manager (On-site)

Newrez; Coppell (TX); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) with employer match

Paid maternity leave/parental leave

Tuition reimbursement

Employee Mortgage Loan Program

Volunteer Time Off

Job summary

Newrez in Coppell, TX seeks an experienced REO Asset Manager to oversee the liquidation of investor-owned properties by managing direct broker listings and a portfolio of 125–175 REO assets. You will drive value through informed decisions and close collaboration with the REO Closing Team.

The role requires strong negotiation, analytical thinking, and a proactive approach to market changes and asset strategies, with a focus on accuracy and timely results.

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.

Responsibilities

• Maximizes the return on REO assets through managed direct broker listings.
• Ensures a clear understanding of condition and value of each asset.
• Assists in cost control related to sale and maintenance of REO assets.
• Arranges services for maintenance, valuation, and marketing of the portfolio.
• Manages performance of listing agents.
• Adapts marketing strategy to market conditions and asset factors.

Skills

MS Office

Verbal and written communication

Attention to detail

Independent work

Negotiation

Analytical thinking

Education

Bachelor's degree or equivalent

Real estate license (preferred)

Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact. Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

Primary Function

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.

Principal Duties

• 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.

Education And Experience Requirements

• 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.

Knowledge, Skill, and Ability Requirements

• 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.

Additional Information

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits

• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
• Adoption Assistance
• Tuition & Certification reimbursement
• Employee Mortgage Loan Program
• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW

• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
• Matching Gifts Program - dollar-for-dollar up to $1,000
• Access to grants, nonprofit resources, and volunteer opportunities
• More than $6,000,000 donated since 2020
• 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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