Senior Asset Manager - Special Servicing

Anchor Loans, LP; California (MO); Hybrid; USD 110,000 - 160,000; Full time

Job summary

Anchor Loans, LP, a Pretium Partners company, seeks a Senior Asset Manager to lead Special Servicing of non-performing loans. You will maximize collateral value, mitigate losses, and coordinate recovery strategies while liaising with borrowers and investors.

Responsibilities include monitoring defaults, conducting research on delinquent assets, overseeing documentation, and collaborating with underwriting, servicing, and finance teams to improve outcomes and ensure regulatory compliance.

Qualifications

• Bachelor’s degree in finance, real estate, or related field.
• 8+ years real estate asset management experience.
• Excellent negotiation, analytical, problem-solving, and organizational skills.
• Strong computer skills including Microsoft Office (MS Word, Excel, Outlook).
• Excellent communication skills.

Responsibilities

• Manage a portfolio of loans in imminent or active default, overseeing all aspects of resolution.
• Conduct detailed research on default matters to develop and execute optimal resolution strategies.
• Review and approve documentation required throughout the default management process.
• Communicate effectively with clients, legal counsel, and third-party vendors with timely updates.
• Collaborate with underwriting, servicing, surveillance, and finance teams to optimize recovery outcomes.
• Maintain thorough documentation of actions, analyses, and communications in loan files.
• Present asset status, resolution strategies, and recovery forecasts to management and investors.
• Monitor foreclosure proceedings, including motions and hearings, to meet timelines.
• Track and manage REO properties post-sale through confirmation, redemption, or ratification.

Skills

Negotiation

Analytical

Problem solving

Communication

Organizational skills

MS Office

Excel

Education

Bachelor’s degree in finance, real estate, or related field

Tools

Excel

Outlook

Word

Job description

Why Anchor Loans?

Anchor Loans is one of several operating companies owned by Pretium Partners (+$60B AUM Financial Services Entity) and is working diligently to expand and grow its lending footprint. Anchor Loans, established in 1998, is the nation’s leading private, direct lender to experienced residential real estate investors and builders, and the first to surpass $10 billion in total fundings. Renowned for expediting financing for developers and investors, we specialize in bridge loans, ground-up construction, and single-family rental solutions for non-owner-occupied projects. Headquartered in beautiful Thousand Oaks, California, Anchor Loans currently lends in 48 states and is expanding into new markets and service lines to better serve our current and future borrowers.

Position Summary:

The Senior Asset Manager a part of our Special Servicing Team is responsible for managing and resolving non-performing loans, defaulted assets, and other high-risk loans. This role ensures the protection and maximization of collateral value while mitigating losses and executing effective recovery strategies. The Senior Asset Manager - Special Servicing will serve as the primary liaison between the borrower and the investors. They will also be responsible for updating internal systems, strategizing options, ensuring adherence to state and federal laws, and providing reporting to senior management.

Essential Duties & Responsibilities:

• Manage a portfolio of loans in imminent or active default, overseeing all aspects of resolution.
• Conduct detailed research on default matters, including payment history, lien releases, title chains, construction accounts, and court documentation, to develop and execute on the optimal resolution strategies.
• Review and approve documentation required throughout the default management process.
• Communicate effectively with clients, legal counsel, and third-party vendors, providing timely updates and guidance.
• Collaborate with internal teams (underwriting, servicing, surveillance, finance) to optimize recovery outcomes.
• Maintain thorough documentation of all actions, analyses, and communications in loan files.
• Present asset status, resolution strategies, and recovery forecasts to management and investors.
• Analyze property valuations, assess net present value (NPV), and prepare detailed cash flow analyses to support decision-making.
• Monitor and track foreclosure proceedings, including motions, hearings, and required actions, to ensure timelines and investor guidelines are met.
• Monitor bankruptcy filings and other legal actions that may impact foreclosure status.
• Prepare and submit bidding instructions for management approval prior to trustee or attorney submission.
• Track and manage REO properties post-sale through confirmation, redemption, or ratification, ensuring proper recording of deeds and assignments.
• Research and resolve delinquent tax issues and review vendor invoices for accuracy before payment.
• Help train junior team members to set them up for success.

Requirements:

• Bachelor’s degree in finance, real estate, or related field.
• 8+ years real estate asset management experience.
• Excellent negotiation, analytical, problem-solving, and organizational skills.
• Strong computer skills including Microsoft Office (MS Word, Excel, Outlook).
• Excellent communication skills.
• Proven ability to manage multiple complex cases efficiently and meet deadlines.
• Detail-oriented, excellent organizational skills, and impeccable writing and grammar skills.
• Ability to work in a fast-paced environment while maintaining a high level of accuracy.