What are the responsibilities and job description for the Loan Workout & Special Servicing Manager position at Trophy Point Investment Group, LLC?
Job Title: Loan Workout & Special Servicing Manager
Company: Trophy Point Investment Group
Location: Remote (USA)
Status: Full-Time Contractor
Compensation: Based on experience
Website: https://trophypointlending.com
Position Overview
Trophy Point Investment Group is seeking a Loan Workout & Special Servicing Manager to lead the resolution of complex, distressed, or non-traditional loans. This role focuses on managing loan modifications, restructures, workouts, and special asset recovery strategies to mitigate risk and maximize recoveries. Unlike traditional loan servicing, this position handles high-risk loans, delinquent accounts, and unconventional lending structures requiring specialized attention.
The ideal candidate will have a deep understanding of loan servicing, asset recovery, foreclosure processes, and compliance regulations, with strong negotiation and problem-solving skills. This position will also support special loan transactions outside standard lending structures and provide insight into legal and title-related matters.
Key Responsibilities
Primary Role: Loan Workout & Special Servicing
- Manage and resolve delinquent, high-risk, and non-performing loans through workouts, modifications, and restructuring.
- Develop and implement loss mitigation strategies, including forbearance agreements, repayment plans, and short sales.
- Oversee foreclosure and asset recovery processes, ensuring compliance with federal, state, and investor regulations.
- Work with legal counsel, borrowers, and third-party agencies to negotiate settlements and recover assets.
- Maintain detailed servicing records, ensuring accurate documentation of all special servicing activities.
Secondary Role: Special Loan Transactions
- Assist in structuring and executing non-standard lending transactions outside traditional underwriting parameters.
- Evaluate and manage high-risk lending opportunities, ensuring financial feasibility and compliance.
- Support underwriting for specialized loans, including creative financing and bridge loan structures.
Tertiary Responsibilities: Legal & Title Advisory Support
- Provide legal insight (in a non-attorney capacity) regarding asset recovery, contract negotiations, and risk assessment.
- Support title-related matters, including lien positioning, curative title issues, and collaboration with the title agency.
- Advise executives on risk mitigation and compliance strategies for distressed assets.
Qualifications
Education & Experience
- Bachelor’s degree in Finance, Business, Real Estate, or a related field preferred.
- 5 years of experience in loan servicing, loss mitigation, asset recovery, or private lending.
- Strong background in loan workouts, restructuring, and foreclosure processes.
- Experience with non-performing loans, loan modifications, and real estate-backed assets.
Technical & Industry Knowledge
- Expertise in loan servicing platforms such as Mortgage Automator and accounting software like QuickBooks Online (QBO).
- Strong knowledge of foreclosure laws, loss mitigation strategies, and real estate asset management.
- Familiarity with compliance regulations (CFPB, FDCPA, RESPA, and state-specific laws).
Skills & Competencies
- Strong negotiation and problem-solving skills to resolve high-risk loan issues.
- Ability to work independently while collaborating with executives, legal teams, and third-party agencies.
- Excellent analytical skills with a focus on maximizing loan recovery and risk mitigation.
- Strong organizational skills to manage multiple distressed loan cases simultaneously.
Why Join Trophy Point?
- Strategic Role: Work on high-impact, complex loan resolutions that shape company success.
- Career Growth: Be part of a fast-growing private lending firm with opportunities for leadership.
- Remote Flexibility: Enjoy the benefits of working remotely while making critical financial decisions.
About Us
Trophy Point Investment Group is a premier private direct lender providing flexible financing solutions for real estate professionals. Founded by West Point graduates, we uphold the highest standards of integrity and service, helping investors achieve financial growth through reliable and efficient lending solutions.
