Special Servicing Asset Manager

Job not on LinkedIn

🕒 August 31

🇺🇸 United States – Remote

💵 $75k - $90k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

👔 Manager

👻 Ghost score 29%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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International Luxury Hotel Association

WebsiteLinkedInAll Job Openings

11 - 50 employees

Founded 2012

🤝 B2B

✈️ Travel

🏨 Hospitality

B2B • Travel • Hospitality

International Luxury Hotel Association is a global organization that serves the luxury hotel sector by promoting best practices, sustainability, and innovation in hospitality. It provides resources, networking opportunities, and educational programs to elevate the standard of luxury hospitality worldwide, fostering collaboration among industry stakeholders and encouraging a commitment to excellence.

📋 Description

• Administer loss mitigation, remedy enforcement and liquidation tasks for an assigned portfolio of geographically diverse, non-performing commercial/business purpose mortgage loans • Maintain direct contact with commercial borrowers and identify default reasons and resolution plans • Assess borrower financial situations, property operations, property conditions and market conditions • Review business and individual credit reports, asset searches, loan documents and servicing agreements • Prepare and verify calculations for legal demands • Negotiate borrower workouts within lender-client parameters • Structure loan modifications and forbearance agreements • Review property valuation reports and perform or review collateral property inspections • Prepare formal business plans covering default reasons, enforcement options, alternative strategies and recommendations based on net present value analysis • Direct and monitor third-party vendors, including attorneys, inspectors, appraisers, property managers, investigators, receivers, brokers, contractors, title agents and insurance adjusters • Prepare projections for asset dispositions, including recovery amounts, losses and timelines • Provide instructions for posting and disbursement transactions • Maintain current status reports on assigned assets • Support Commercial Primary Servicing representatives with borrower outreach, market analysis and investor inquiries • Comply with company training, compliance, audit and reporting requirements • Identify operational issues and suggest solutions • Administer defaulted loan sales • Administer complex REO activities, including directing property managers and brokers, assessing property condition and preparing or reviewing budgets • Establish contact with defaulted borrowers within 5 business days of transfer to special servicing • Complete formal business plans within 45 days of transfer • Provide written qualitative status comments at least monthly and update formal business plans at least every 180 days • Manage third-party vendor expectations and provide instructions to other departments • Maximize recovery for lender clients • Complete at least 40 hours of annual company training

🎯 Requirements

• Minimum 5 years’ experience managing defaulted commercial business purpose loans secured by commercial use, mixed use, SFR/multifamily rental and/or SFR/multifamily transitional properties • Strong understanding of lender default remedies and enforcement strategies, including foreclosure, trustee sales, receivership, UCC sales, bankruptcy strategies, etc. • Strong understanding of loan covenants and covenant compliance • Strong understanding of CRE income property type fundamentals, including income property operations analysis and borrower financial analysis • Strong understanding of commercial real estate loan documentation • Strong effective verbal and written communication skills • Strong effective negotiation skills • Ability to work independently with minimal supervision • Strong problem-solving and decision-making skills • Ability to comply with detailed reporting requirements • Ability to work under pressure, meet deadlines and adjust to changing priorities • Skills with Microsoft 365 Suite, Adobe applications and commercial loan servicing applications such as REALSynergy, Strategy and Enterprise • Strong teamwork skills to collaborate with associates in multiple departments • Prior underwriting experience for commercial business purpose loans secured by multifamily, mixed use, commercial use, SFR investor rental and/or SFR/MFR construction/residential transition properties • Prior experience with rental property management • Availability for occasional travel of 5%-25% • Must pass the Company’s Background Screening process prior to beginning employment • May be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable

🏖️ Benefits

• Performance-based bonus eligibility • Medical insurance • Dental insurance • Vision insurance • Up to 3% 401(k) contribution match • Generous paid time off • Company-paid life coverage • Company-paid accident coverage • Company-paid disability coverage • Mental wellness programs • Physical wellness programs • Financial wellness programs • Equal employment opportunity and accommodation support