World Business Lenders is hiring a Remote Asset Resolution Counsel to manage and monitor a non-performing real estate collateralized commercial loan portfolio and REO assets toward resolution. You will supervise, train, and develop the Asset Resolution Department staff while conducting proactive portfolio management.
What You'll Do
- Manage and monitor a non-performing real estate collateralized commercial loan portfolio and REO toward the most effective resolution
- Supervise, train, and develop Asset Resolution Department staff
- Conduct proactive and effective portfolio management in accordance with established performance standards
- Monitor and manage commercial litigation, bankruptcy, and foreclosure activities, functions, and deadlines
- Direct, monitor, and liaise with in-house and outside attorneys, collection agencies, and other vendors supporting loss mitigation
- Interact with customers and their counsel
- Negotiate and propose settlement agreements and bidding instructions
- Monitor loss mitigation workout performance and loss severity trends
- Implement and communicate loss mitigation decisions
- Maintain delinquency and loss mitigation reporting, including trend analysis and assessment
- Conduct comprehensive analysis of debtors' financial position, credit status, personal background, and historical payment performance
- Facilitate negotiation and conflict resolution
- Perform extensive quarterly reviews of the managed portfolio to confirm or reassess recovery estimates
- Monitor related expenses and timely propose protective advances
- Participate in budget preparation for the Asset Resolution Department
- Take on other projects and duties as assigned
What We're Looking For
- A law degree from a nationally accredited U.S. law school
- Experience working in commercial litigation, bankruptcy, foreclosure, and real estate loss mitigation
- Demonstrated ability to successfully manage non-performing loan pools and REO
- Experience supervising, developing, and mentoring a case management staff
- Litigation experience and familiarity with litigation management tools
- Strong knowledge of applicable U.S. legal and regulatory guidelines, including bankruptcy and foreclosure
- Experience working for a U.S. company
- Proficiency in all Microsoft Office applications
- You must have your own laptop or desktop to use
- Excellent English fluency and communication skills, both written and verbal
Technical Stack
- Microsoft Office suite
Team & Environment
You will be responsible for supervising, training, and developing the Asset Resolution Department staff.
Benefits & Compensation
- PTO Available
- 100% Work from home
- USD salary
Work Mode
This is a fully remote position open to candidates located in Turkey, LATAM, or India.
World Business Lenders is an equal opportunity employer.
