What are the responsibilities and job description for the Asset Manager position at Verus Mortgage Capital?
We are seeking a strategic and results-oriented Asset Manager to lead foreclosure, bankruptcy, and litigation surveillance efforts across our delinquent loan portfolio. This role requires a high level of ownership and independent problem-solving, with a focus on optimizing outcomes and driving continuous improvement. The ideal candidate will bring subject matter expertise, analytical rigor, and a process-focused mindset to oversee servicer performance, identify inefficiencies, and enhance portfolio results. This position is highly cross-functional and requires strong leadership, legal literacy, and the ability to translate data and complexity into action.
Responsibilities and Duties:
Asset Oversight & Servicer Management
- Fully own the performance of delinquent loans in foreclosure, bankruptcy, and litigation.
- Act as the primary point of contact with servicers and external counsel.
- Lead monthly servicer portfolio review meetings and ensure effective communication.
- Develop and implement performance metrics, dashboards, and reporting to guide decision-making.
- Ensure timely and compliant servicer actions; proactively address delays and inefficiencies.
Process Improvement & Risk Management
- Review and redesign processes to address root causes and improve consistency
- Identify risks in legal or servicing processes and implement long-term solutions
- Build scalable frameworks for repeatable, efficient asset management execution.
Foreclosure Management
- Monitor and ensure adherence to foreclosure timelines and reduce controllable delays.
- Set bids for foreclosure auctions; preserve rights such as assignments of leases/rents and deficiency judgments.
- Develop strong relationships with foreclosure law firms and oversee management of contested foreclosures.
Bankruptcy Oversight
- Track bankruptcy payment plans and servicer compliance.
- Ensure outside counsel is efficient and aligned with business goals.
- Recommend and escalate servicer corrective actions when necessary.
Litigation Coordination
- Serve as business lead coordinating with servicer legal teams and internal counsel.
- Oversee resolution of litigated matters with a focus on process efficiency and outcome optimization.
Education and Experience:
- Bachelor's degree required; advanced degree is a plus.
- 5 years of experience in asset management, servicing oversight, legal operations, or related areas.
- Expertise in foreclosure, bankruptcy, and litigation practices, including experience reading and interpreting legal documents
- Experience working with third-party servicers, legal counsel, and cross-functional teams.
- Advanced Excel skills required - including ability to represent scenarios efficiently in Excel; SQL proficiency or willingness to learn preferred
Key Competencies
Leadership & Ownership
Takes full ownership of asset performance and outcomes.
Leads with initiative and follows through with minimal direction.
Legal & Analytical Expertise
Strong understanding of legal processes, documentation, and loan servicing.
Highly analytical; comfortable interpreting data and making data-driven decisions.
Strategic & Systems Thinking
Able to zoom out to process-level thinking while executing at the loan level.
Focused on root cause resolution and building long-term, scalable solutions.
Communication & Influence
Skilled at translating complex legal and servicing issues into clear, actionable steps.
Able to influence internal and external stakeholders effectively.
Process Design & Continuous Improvement
Passion for building and refining processes in evolving environments.
Seeks to reduce volatility and improve outcomes across asset management functions.
How This Role Demonstrates Our Values:
Integrity: Ensures compliance, accuracy, and ethical oversight across all matters.
Collaboration: Builds productive partnerships across legal, servicing, and internal teams.
Excellence: Drives process rigor and accountability to enhance loan outcomes.
Critical Curiosity: Questions current processes, identifies inefficiencies, and proposes innovative solutions.
Leadership & Ownership
Takes full ownership of asset performance and outcomes.
Leads with initiative and follows through with minimal direction.
Legal & Analytical Expertise
Strong understanding of legal processes, documentation, and loan servicing.
Highly analytical; comfortable interpreting data and making data-driven decisions.
Strategic & Systems Thinking
Able to zoom out to process-level thinking while executing at the loan level.
Focused on root cause resolution and building long-term, scalable solutions.
Communication & Influence
Skilled at translating complex legal and servicing issues into clear, actionable steps.
Able to influence internal and external stakeholders effectively.
Process Design & Continuous Improvement
Passion for building and refining processes in evolving environments.
Seeks to reduce volatility and improve outcomes across asset management functions.
How This Role Demonstrates Our Values:
Integrity: Ensures compliance, accuracy, and ethical oversight across all matters.
Collaboration: Builds productive partnerships across legal, servicing, and internal teams.
Excellence: Drives process rigor and accountability to enhance loan outcomes.
Critical Curiosity: Questions current processes, identifies inefficiencies, and proposes innovative solutions.
Benefits
- Great compensation package
- Attractive benefits plans and paid time off
- 401(k) w/ company matching
- Professional learning and development opportunities
- Tuition Reimbursement
- And much more!
Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.
Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.
Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.
About Invictus Capital Partners / Verus Mortgage Capital
Verus Mortgage Capital is an independent national mortgage investor. Verus offers its Sellers
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
Department
Asset Management
Employment Type
Full Time
Location
Bloomington, MN
Workplace type
Fully remote
Compensation
$115,000 - $125,000 / year
Reporting To
EVP - Asset Management & Servicing Oversight
Salary : $115,000 - $125,000
