Asset Resolution Counsel

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June 8

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World Business Lenders, LLC

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Finance • B2B • Fintech

World Business Lenders, LLC is a direct lender that specializes in providing real-estate secured business loans to small-to-medium-sized businesses. The company focuses on serving under-served businesses that lack access to traditional funding, facilitating access to capital for business expansion and growth. With a strong management team experienced in financial services, World Business Lenders offers working capital solutions to foster the development of successful small businesses.

201 - 500 employees

💸 Finance

🤝 B2B

💳 Fintech

📋 Description

• About World Business Lenders (www.wbl.com) • World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding. • WBL services its loan portfolio and loan portfolios for third parties, specializing in the management of non-performing loan pools and REO. • WBL is a U.S.-based company with a 100% remote workforce. • This is a remote Contract/Consultant position. • Working hours will be 9:00am-6:00pm Eastern Time, Monday through Friday. • The job requires excellent oral and written command of the English language. Resumes must be submitted in English. • Location: 100% Remote for Turkey, LATAM and India • Essential Functions: • Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO, toward most effective and efficient resolution • Supervise, train and develop Asset Resolution Department staff • Conduct proactive and effective portfolio management in accordance with established performance standards • Monitor and manage commercial litigation/bankruptcy/foreclosure activities, functions and deadlines • Direct/monitor/liaise with in-house and outside attorneys, collection agencies and other vendors that support the loss mitigation effort • Interact with customers and their counsel • Negotiate and propose settlement agreements and bidding instructions • Monitor loss mitigation workout performance and loss severity trends • Implement and communicate loss mitigation decisions • Maintain delinquency and loss mitigation reporting, including trend analysis and assessment • Conduct comprehensive analysis of debtors' financial position, credit status, personal background, and historical payment performance • Facilitate negotiation and conflict resolution • Perform extensive quarterly review of portfolio being managed to confirm or reassess recovery estimates • Monitor related expenses (taxes, maintenance, utilities, fees, etc.) and timely propose protective advances • Participate in budget preparation for the Asset Resolution Department • Other projects and duties as assigned.

🎯 Requirements

• Law degree (from a nationally accredited U.S. law school is a must) • Experience working in commercial litigation/bankruptcy/foreclosure/real estate loss mitigation • Demonstrated ability to successfully manage non-performing loan pools and REO • Experience supervising/developing/mentoring a case management staff • Litigation experience and familiarity with litigation management tools • Strong organization, decision-making and negotiation skills • Strong knowledge of applicable U.S. legal/regulatory guidelines, including bankruptcy and foreclosure • Demonstrated analytical and reasoning skills, and innovative approach to solving both practical and theoretical problems • Proficiency in all Microsoft Office applications • Strong work ethic with ability to thrive in a dynamic, deadline-driven environment • You must have your own laptop or desktop to use (the company does not supply equipment) • Excellent English fluency and communication skills, both written and verbal

🏖️ Benefits

• CONTRACT/CONSULTANCY POSITION • PTO Available • USD salary ($3000 negotiable) • 100% Work from home