Sr REO Asset Manager

NRZ; 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

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 Sr 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 175 -225 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 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.

Education and Experience Requirements

• 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.

Knowledge, Skill, and Ability Requirements

• Proficient in Microsoft Office suite
• Excellence verbal and written communication
• Demonstrated attention to detail and organizational skill.
• 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.

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.

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:

We offer benefits, programs, and perks that support you in every aspect of your life.

• 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:

Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.

• 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.

CA Privacy Policy

CA Notice at Collection