VP, Default Management & Workout Strategy

Kids for the Future; Irving (TX); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical, dental, vision

Life insurance

Disability coverage

401K with company matching

PTO 17 days

Job summary

BSI Financial in Irving, TX seeks a closer to manage delinquent, matured, and defaulted loans across BPL/RTL portfolios. You will coordinate with borrowers, guarantors, contractors and counsel to secure commitments and outcomes.

Ideal candidates have 5+ years in default servicing or workouts, experience with MSP/LoanServ/Sagent, and a passion for protecting investor capital through strategic exits and robust analytics.

Qualifications

• 5+ years in default servicing, loss mitigation, or workout.

Responsibilities

• Own a portfolio of delinquent, matured, and defaulted loans through resolution.
• Drive direct borrower, guarantor, contractor, agent, title, and counsel contact to secure commitments and outcomes.
• Locate unresponsive sponsors using public-record research.
• Assess sponsor capacity, project status, draws vs completion, collateral value, and exit viability.
• Recommend and execute reinstatements, forbearance, modifications, extensions, discounted payoffs, short sales, deeds in lieu, note sales, receiverships, or foreclosure.
• Protect lien position by resolving title, tax, insurance, and payoff issues.
• Manage foreclosure, REO, and half-finished construction assets with complete-versus-dispose recommendations.
• Maintain risk ratings, Problem Loan Reports, reserve recommendations, and exit strategies.

Skills

Default servicing

Loss mitigation

Collections

Direct negotiation

RTL experience

Notes reading

MSP/LoanServ/Sagent

Education

High school diploma

Bachelor's degree preferred

Tools

MSP

LoanServ

Sagent

Job description

BSI Financial in Irving, TX seeks a closer to manage delinquent, matured, and defaulted loans across BPL/RTL portfolios. You will coordinate with borrowers, guarantors, contractors and counsel to secure commitments and outcomes.

Ideal candidates have 5+ years in default servicing or workouts, experience with MSP/LoanServ/Sagent, and a passion for protecting investor capital through strategic exits and robust analytics.