Foreclosure Asset Manager

About the role

The position of Sr. Asset Manager involves managing portfolios of non-performing residential and commercial loans with a focus on minimizing losses and ensuring compliance. This role requires expertise in mortgage servicing, loss mitigation, foreclosure, bankruptcy, litigation, and regulatory adherence.

Responsibilities

• Facilitate loss mitigation and loan workout options, including modifications, repayment plans, forbearance agreements, short sales, deeds-in-lieu, discounted payoffs, cash cures, and other approved solutions.
• Manage loans involved in foreclosure, bankruptcy, litigation, and liquidation by coordinating with attorneys, servicers, vendors, and internal stakeholders.
• Review documentation, conduct due diligence, monitor portfolio risks, and recommend strategies that improve recovery outcomes and support timely resolution.
• Prepare portfolio reporting, status updates, and resolution recommendations for management and key stakeholders while identifying process improvements.
• Ensure all activities comply with applicable investor guidelines, servicing requirements, and federal, state, and agency regulations.

Requirements

• 7+ years of experience in residential and/or commercial real estate, asset management, loss mitigation, non-performing loan workouts, foreclosure, bankruptcy, and related litigation.
• Bachelor's degree in Finance, Real Estate, Business, or a related field; advanced degree or equivalent industry experience preferred.
• Established network of industry relationships, including mortgage servicers, attorneys, title companies, compliance providers, and other third-party vendors.
• Strong understanding of mortgage servicing, loan resolution strategies, investor guidelines, and default management practices.
• Knowledge of financial markets, credit and risk management principles, and the impact of market, liquidity, leverage, and operational risks on portfolio performance.
• Advanced proficiency in Microsoft Excel, including the ability to analyze large datasets and support portfolio-level decision making.
• Demonstrated expertise in loan retention and non-retention strategies, including modifications, repayment plans, forbearance agreements, short sales, deeds-in-lieu of foreclosure, foreclosure management, bankruptcy proceedings, litigation oversight, and regulatory compliance.
• Thorough understanding of federal and state mortgage servicing regulations, including CFPB requirements and industry best practices.

Qualifications

Qualified candidates should have a thorough understanding of federal and state mortgage servicing regulations, including CFPB requirements and industry best practices. They should also possess advanced proficiency in Microsoft Excel, including the ability to analyze large datasets and support portfolio-level decision making.

Skills

Skills required include a strong understanding of mortgage servicing, loan resolution strategies, investor guidelines, and default management practices. Advanced proficiency in Microsoft Excel is also essential.

Benefits

Benefits include medical, dental, and vision benefits, a 401K retirement plan, and paid-time off. For more information, please refer to the company's benefits page.

Pay

The salary range for this position is $70,000-$135,000.00. The position may also be eligible for an annual bonus, incentives, and other employment-related benefits.

Schedule

This is a full-time, in-office role. Candidates must live within a commutable distance to our Lake Forest, CA office.