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World Business Lenders, LLC logo
World Business Lenders, LLC

Small Business Loans for Big Business Growth.

Remote - Asset Resolution Counsel

Financial Planning and AnalysisFinancial Planning and AnalysisOtherRemoteTeam 201-500H1B No SponsorCompany SiteLinkedIn

Location

United States

Posted

110 days ago

Salary

0

No structured requirement data.

Job Description

Remote - Asset Resolution Counsel

World Business Lenders, LLC

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more. Role Description This opportunity is a Contract/Consultancy position with the flexibility of remote work. Your typical working hours will be from 9:00 AM to 6:00 PM Eastern Time, Monday through Friday, though additional hours may be required depending on operational needs. - 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 Qualifications - 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 (Experience working for a US company is a must) - 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 - Excellent English fluency and communication skills, both written and verbal Requirements - You must have your own laptop or desktop to use (the company does not supply equipment) Benefits - PTO Available - USD salary - 100% Work from home

Job 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 (Experience working for a US company is a must)
  • 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
  • Excellent English fluency and communication skills, both written and verbal
  • You must have your own laptop or desktop to use (the company does not supply equipment)

Benefits

  • PTO Available
  • USD salary
  • 100% Work from home

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