World Business Lenders, LLC is seeking an experienced Asset Resolution Counsel to join our team. In this remote role, you will manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO, driving it toward resolution. You will also supervise, train, and develop Asset Resolution Department staff.
What You'll Do
- Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO
- 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
- 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 review of portfolio to confirm or reassess recovery estimates
- Monitor related expenses (taxes, maintenance, utilities, fees, etc.) and timely propose protective advances
- Participate in budget preparation for the Asset Resolution Department
- Other projects and duties as assigned
What We're Looking For
- Law degree from a nationally accredited U.S. law school
- Experience working in commercial litigation, bankruptcy, foreclosure, or 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 (the company does not supply equipment)
- Excellent English fluency and communication skills, both written and verbal
Technical Stack
- Microsoft Office
Team & Environment
You will be part of the Asset Resolution Department, responsible for supervising and developing its staff.
Benefits & Compensation
- PTO Available
- 100% Work from home
- USD salary
Work Mode
This is a 100% remote position. Candidates based in Turkey, Latin America (LATAM), or India are eligible to apply.
World Business Lenders, LLC is an equal opportunity employer.
