REO Transaction Operations Manager (Irvine, CA)

Colonial Group; Irvine (CA); On-site; USD 95,000 - 140,000; Full time

Job summary

Auction.com in Irvine, CA is seeking an experienced REO Transaction Operations Manager to oversee the full life cycle of the REO process and drive timely closings. You will coordinate with clients, real estate agents, title and escrow teams, while identifying adverse trends and implementing corrective steps.

Lead strategic planning to maximize profitability, develop processes to liquidate properties, and monitor performance through regular reporting and data analysis.

Qualifications

• Bachelor’s or Associate degree in business, real estate, or related field preferred.
• Detail-oriented with strong organizational skills.
• Self-motivated to thrive in a fast-paced environment.
• Strong communication and interpersonal skills.
• Extensive knowledge of mortgage industry, closing, title policies, and foreclosures.

Responsibilities

• Oversee the entire life cycle of the REO process to ensure timely closings.
• Coordinate between direct reports, vendors, clients, agents, title and escrow partners.
• Identify adverse trends and implement corrective measures to improve timelines.
• Assist strategic planning to maximize profitability and efficiency.
• Develop strategies to liquidate properties within set timelines.
• Run reports to monitor contracted relationships and asset management guidelines.
• Ensure staff performance aligns with goals and budgets.
• Provide feedback to senior management on issues affecting targets.
• Facilitate training and development for staff.

Skills

Detail-oriented

Data analysis

Strong communication

Interpersonal skills

Leadership

Education

Bachelor’s or Associate degree in business/real estate

Job description

Join Our Team as an REO Transaction Operations Manager!

Are you ready to take your career to the next level with a company that's leading the charge in the distressed residential marketplace? Look no further! We're seeking a passionate and driven individual to join our innovative team as a Transaction Operations Manager.

Why Work With Us:

At Auction.com, we're not just successful – we're pioneers in our industry. Our exceptional culture is built on empowerment, innovation, and a commitment to excellence. With amazing leaders, competitive pay, and outstanding benefits, we offer an environment where you can thrive and grow.

About the Position:

As an REO Transaction Operations Manager, you'll play a pivotal role in managing and directing the entire life cycle of the Real Estate Owned (REO) process. Reporting directly to the Director of Operations, you'll ensure timely closings by coordinating effectively with all relevant parties and proactively identifying adverse trends.

Role and Responsibilities:

Life Cycle Management:

• Oversee and direct the entire life cycle of the REO process, ensuring efficient and timely closings.

Coordination and Liaison:

• Act as a central liaison between direct reports and third-party vendors/clients.
• Communicate effectively with clients, real estate agents, title and escrow companies.

Adverse Trend Identification:

• Proactively identify adverse trends within the REO process.
• Implement strategic steps to correct and improve closing timelines.

Strategic Planning:

• Assist in strategic planning initiatives to maximize profitability and operational efficiency.
• Develop effective strategies to liquidate properties within established timelines.

Monitoring and Reporting:

• Run reports to monitor the effectiveness of contracted relationships.
• Monitor exception reports to ensure adherence to established asset management guidelines.

Performance Evaluation:

• Ensure staff performance aligns with department goals and budgeted targets.
• Provide feedback to senior management regarding potential issues impacting established goals.

Training and Development:

• Facilitate training and development programs for staff.

Data Analysis:

• Create, maintain, and analyze data to identify negative trends and implement corrective measures.

Special Projects:

• Undertake special projects as needed to enhance operational efficiency.

Qualifications:

• Bachelor’s or Associate degree with a concentration in business, real estate, or related field preferred.
• Minimum 3-5 years of real estate closing, title, and mortgage experience.
• Proven experience in managing the REO process.
• Detail-oriented with strong organizational skills.
• Self-motivated to thrive in a fast-paced environment.
• Strong communication and interpersonal skills.
• Ability to analyze data and implement corrective strategies.
• Extensive knowledge of the mortgage industry, including real estate closing, title policies, title resolution, and foreclosures.
• Maintain thorough knowledge of real estate procedures, documents, contracts, title, escrow, and HUD's.
• Demonstrated ability to lead and develop a high-performing team.