Loan Resolution Specialist

Position: Loan Resolution Specialist

Status: Full-Time / Exempt

Job Description:

The Asset Manager will oversee a portfolio of non-performing and re-performing residential whole loans. The Asset Manager will be responsible for the resolution of their assigned portfolio.

Specific Responsibilities Include:

· As a member of the Asset Management Department:

o Implement the firm’s strategy to achieve measurable goals for maximizing value

o Provide regular reporting to Senior Management

o Analyze and track loan performance against modeled outcomes

o Implement process improvements to enhance efficiency and cost effectiveness

o Loss Mitigation Workouts & Exit Strategies - responsible for the implementation and execution of all loss mitigation loan workouts and settlements of their assigned portfolio. Comprehensive knowledge, experience, and competency in all aspects of real estate and whole loan disposition alternatives is required.

o Foreclosure, Bankruptcy, Litigation and Diligence Oversight - responsible for diligence underwriting, managing vendors, and engaging in direct communication with attorneys to achieve optimal resolutions and settlements. Comprehensive knowledge, experience, and competency in all aspects of nationwide foreclosure processes, bankruptcy procedures, and nationwide litigation defenses is required.

o Compliance/Legal - responsible for the adherence to AMIP’s compliance program as it relates to the Asset Management department, including all regulatory policies, procedures, training, monitoring, and servicer oversight. Ensure adherence to all relevant loan servicing, SEC, CFPB and any other federal, state, or agency mortgage regulations.

o Operational Efficiency – Create operational scale in the department by developing efficient processes and procedures, implementing appropriate technology solutions, and appropriate training for team members.

Job Skill Requirements:

· 7 years of significant experience in residential real estate - asset management, loss mitigation, non-performing whole loan workouts, foreclosure, bankruptcy, and related litigation

· Bachelor’s degree in finance, real estate, or other such complementary degree; graduate degree preferred or equivalent work experience

· Currently NMLS licensed or able to obtain

· Existing vendor relationships (i.e. servicer, attorney, title, compliance)

· Organization and people skills

· Understanding of financial markets/risk (market; liquidity; leverage; operational)

· Understanding of mortgage fundamentals

· Effective communication (oral & written) with employees, vendors, senior executives

· Familiarity with finance and NPV modeling

· Proficiency with Microsoft Excel, comfortable working with large subsets of data

· Subject matter expertise: asset management, non-performing loans, all loan retention options (i.e. Modifications), all non-retention options (i.e. DILs), foreclosures, bankruptcy, related litigations, servicing oversight, state and federal (CFPB) compliance

Personal Attributes:

· Resolve / Confidence / strength of character

· Detail oriented

· Devoted / Exceptionally hard working / works well under pressure

· Entrepreneurial

· Analytical

· Mature / Credible

· Hands on

· Creative / “Out of the box” thinking

· Organized

Other Considerations:

This person will be employed by the servicer in Anaheim Hills, but work on a team dedicated to the AMIP portfolio.

Key words: asset management, default, foreclosure, loss mitigation, servicer, servicing, resolution, loan, NPL, non performing, RPL, lender