Sr REO Asset Manager

Coast One Mortgage; Houston (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

Newrez is seeking a Sr REO Asset Manager to oversee liquidation of investor-owned properties through direct broker relationships. You will manage a portfolio of 175–225 REO properties, driving asset value and closing results in a fast-paced environment.

You will supervise an REO asset team, coordinate with the Closing Team, monitor market conditions, and ensure compliance with policies while mentoring colleagues.

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.
• Proficient in Microsoft Office suite.
• Excellence verbal and written communication.
• Strong negotiation and follow-up skills.
• Strong analytical, problem solving, and mathematical skills.

Responsibilities

• Maximize the return on REO assets through managed direct broker listings.
• Ensure asset condition and value are clearly understood by all parties.
• Assist in controlling expenses related to sale and maintenance of REO assets.
• Arrange services relating to maintenance, valuation, and marketing of assigned portfolio.
• Manage agent status for the REO agent network and performance of listing agents.
• Adapt marketing strategy to changing market conditions and asset factors.
• Defend asset management strategies to clients, investors, and management.
• Partner with the REO Closing Team for timely closing of the sale.

Skills

Microsoft Office

Verbal communication

Written communication

Attention to detail

Organizational skills

Independent work

Negotiation skills

Analytical skills

Mortgage lending knowledge

Education

College degree or equivalent

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.

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:

• 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 The right company in the right industry. In both good economic times and bad, people need homes - and mortgages to buy them. We help these people every day buy homes or refinance their current mortgage loans. In addition to offering an in-demand product, there are two things you should know about us: We value and reward entrepreneurial spirit, and we are growing. Few lenders are as innovative, as financially solid, as well managed and on track to become America’s leading lender as the Newrez Family of Companies. We deliver products and services that turn prospects into delighted customers —providing abundant opportunity for the great people who work here. These competitive advantages set us apart, and they’re why you can grow with us for the long term.