Senior REO Asset Manager: Lead 175+ Property Portfolio

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

Benefits offered by this job

Medical, dental, and vision insurance

401(k) Retirement plan with employer 1

Paid parental leave

Tuition & Certification reimbursement

Employee Mortgage Loan Program

Employee resource group participation

Job summary

Newrez is seeking a Sr REO Asset Manager to oversee liquidation of investor-owned properties and manage a portfolio of 175–225 REO assets. You will lead direct broker relationships, ensure asset condition/value clarity, and control related expenses while coordinating with the Closing Team for timely settlements.

The role requires 5–7 years REO experience, a college degree, and strong negotiation and analytical skills. This is a full-time on-site position with a comprehensive benefits package.

Qualifications

• College degree required; equivalent work experience may be considered.
• 5–7 years REO experience required.
• Real estate courses or license considered a plus.

Responsibilities

• Maximizes return on REO assets via 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 for services relating to maintenance, valuation, and marketing of assigned portfolio.
• Manages agent status for the REO agent network and performance of listing agents.
• Considers changing market conditions and asset-specific factors to determine best marketing strategy at 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 mentoring Asset Managers, Asset Specialists, and sharing ideas 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

Office Suite

Verbal and written communication

Attention to detail

Independent work

Mortgage lending knowledge

Negotiation skills

Analytical thinking

Education

Bachelor’s degree

Tools

REO asset software

Microsoft Office

Job description

Newrez is seeking a Sr REO Asset Manager to oversee liquidation of investor-owned properties and manage a portfolio of 175–225 REO assets. You will lead direct broker relationships, ensure asset condition/value clarity, and control related expenses while coordinating with the Closing Team for timely settlements.

The role requires 5–7 years REO experience, a college degree, and strong negotiation and analytical skills. This is a full-time on-site position with a comprehensive benefits package.