VP - RTL Asset Sr. Manager

Responsibilities

• Develop, track, and monitor rehab and draw process – strategy change, status change, and project progress
• Review all extensions and determine if extension policy is being adhered to
• Monitor delinquent assets and help drive Loss Mitigation options with servicers
• Conduct value reconciliation on assets to identify potential risk
• Conduct loss analysis assessments on delinquent assets and present to upper management
• Create best practice guidelines, both internally and externally
• Create exception reporting to proactively identify potential risky assets, and build out necessary controls to minimize loss
• Determine watchlists and 'stop lending' events/borrowers
• Forward facing with the trading desk and transaction management as the subject matter expert
• Bid and acquisition diligence for New Origination and NPL purchases as needed
• Conduct monthly QC to ensure draws are disbursed appropriately
• Monitor and evaluate financial performance of large borrowers (Quarterly covenants review)
• Review loss mitigation transactions for approval or denial to ensure consistency, accuracy, and quality
• Conduct asset level reviews for loans outside of acceptable timelines and drive resolution strategies/practices
• Actively participate in monthly loss mitigation performance meetings and provide insight for improvements and current trends
• Collaborate closely with internal teams and servicers to identify and create procedural changes and system enhancements; Recommend operational improvements and assist in implementation
• Remain current on all default processes and regulatory changes and their impacts on borrowers and servicing practices
• Create internal policy and procedures and ensure proper controls are in place to oversee multiple servicers and originators

Requirements

• Minimum of 10+ years Mortgage experience in at least 3 or more of the following areas: RTL/Fix and Flip Experience, Collections, Loss Mitigation
• Expert knowledge of RTL/Fix and Flip loans
• Advanced knowledge of Foreclosure and Bankruptcy Processes
• Working knowledge of servicing systems, such as LPS, MSP, BlackKnight (a plus)
• Solves problems with a sense of recognizing opportunities, understanding risks, and acting quickly to overcome obstacles and reach a solution
• Detail oriented and maintains a high level of quality and accuracy in work
• Works independently with minimal direct supervision and effectively communicates with multiple servicers on a constant basis to achieve stated objectives
• Organizes, prioritizes, and allocates workload for optimum efficiency
• Resolves conflict appropriately and effectively resolves problems
• Strong team player with high level of professionalism