REO Asset Manager

🔥 1 minute ago

🇺🇸 United States – Remote

💵 $60k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

👔 Manager

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

👻 Ghost score 1%

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Altisource

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1999

💼 Consulting

📦 Logistics

🏗️ Construction

Consulting • Logistics • Construction

Altisource is a trusted provider of comprehensive mortgage and real estate solutions. The company offers a wide range of services including online marketing and auction platforms for residential real estate, asset management for real estate owned (REO) properties, and full-service real estate brokerage. Altisource also provides title and settlement solutions, appraisals and valuations, mortgage fulfillment, and risk management services. They serve servicers, originators, and investors, with specialized services designed to maximize results, minimize costs, and mitigate risks associated with real estate and mortgage transactions. Furthermore, Altisource offers platforms for vendor management, commercial servicing, and construction risk management. Their solutions aim to enhance quality, lower costs, and increase efficiencies in real estate transactions.

📋 Description

• Manage a high-volume portfolio of residential REO assets across multiple markets nationwide • Develop and execute disposition strategies to maximize investor returns and meet client performance objectives • Monitor portfolio performance metrics, SLAs, timelines, and operational benchmarks • Analyze market conditions, inventory trends, property performance, and buyer demand to optimize pricing and sales strategies • Provide reporting, forecasting, and recommendations to clients and leadership • Evaluate opportunities to increase net recovery through repairs, renovations, occupancy strategies, and targeted marketing • Review and approve property budgets, vendor recommendations, preservation costs, and capital improvement requests • Partner with property management, field services, and vendor networks to maintain and position assets for sale • Identify and escalate asset-related risks, compliance issues, operational challenges, and process improvements • Oversee disposition from pre-listing through closing, ensuring timely execution and compliance • Determine marketing channels including MLS listings, online auctions, and bulk sales • Evaluate offers, negotiate contract terms, secure approvals, and facilitate transaction closings • Collaborate with sales, marketing, and product teams to increase asset visibility and buyer engagement • Review BPOs, appraisals, comparative market analyses, and valuation reports • Conduct financial and market analysis for strategic recommendations and portfolio planning • Advise investors, clients, servicing partners, brokers, and buyers throughout the asset lifecycle • Maintain communication regarding portfolio performance, asset strategy, market conditions, and transaction status • Support client meetings, portfolio reviews, and business development initiatives • Maintain accurate asset records and transaction activity in Equator and other asset management platforms • Ensure compliance with investor guidelines, regulations, company policies, and procedures • Monitor foreclosure timelines, title issues, and transaction milestones

🎯 Requirements

• 3+ years of experience in REO asset management, default servicing, real estate disposition, or related real estate operations • Experience managing institutional or large-scale residential real estate portfolios • Proven experience negotiating real estate transactions and managing assets through disposition • Strong knowledge of foreclosure, REO, loss mitigation, title, escrow, and residential real estate transaction processes • Working knowledge of HUD, FHA, VA, GSE, and investor servicing requirements • Understanding of real estate auction platforms and disposition strategies, including online auction sales • Strong analytical skills with the ability to interpret market trends, property valuations, and financial data • Excellent negotiation, communication, relationship management, and problem-solving abilities • Proficiency with Microsoft Office Suite, Equator, and other real estate asset management systems • Experience with Hubzu, RES.NET, Equator, or similar REO disposition platforms • Experience managing bulk sales, portfolio sales, or institutional investor relationships • Knowledge of property preservation, field services, and vendor management practices

🏖️ Benefits

• Additional commission • 401k plans • Comprehensive Medical, Dental, and Vision insurance plans • Life insurance • Short-term and long-term disability • Paid holidays • 19 days PTO first year for a total of 28 paid days off per year • Employee discounts on movie tickets, Verizon cell phone service, Microsoft Office, and more • Employee training • Inclusive culture • Fair and impartial hiring, training, and growth opportunities