Senior REO Asset Manager — Portfolio Optimization

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

Job summary

Newrez seeks a Sr REO Asset Manager to oversee liquidation of investor-owned properties via direct broker relationships. You will manage a portfolio of 175–225 REO properties, driving strategy, valuation, and closing processes with emphasis on timeliness and accuracy.

You will mentor Asset Managers and collaborate with the REO Closing Team to ensure successful outcomes, while adapting to market changes and maintaining high standards.

Qualifications

• College degree required; equivalent work experience may be considered in lieu of degree.
• 5-7 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 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 agent status for the REO agent network and 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 mentoring Asset Managers, Asset Specialists, and by 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.

Skills

Microsoft Office

Verbal and written communication

Attention to detail

Organizational skills

Negotiation

Follow-up

Analytical thinking

Problem solving

Mathematical skills

Independent work

Education

Bachelor's degree or college degree

Real estate courses or license

Job description

Newrez seeks a Sr REO Asset Manager to oversee liquidation of investor-owned properties via direct broker relationships. You will manage a portfolio of 175–225 REO properties, driving strategy, valuation, and closing processes with emphasis on timeliness and accuracy.

You will mentor Asset Managers and collaborate with the REO Closing Team to ensure successful outcomes, while adapting to market changes and maintaining high standards.