Find Jobs
Find Jobs Near You – Available Work in Your Location
Loan Resolution Specialist
Career Insights for Loan Officer (General)
See where this job fits in the broader career landscape. Knowing your career path helps you see what's possible from here.
Scorecard
Based on California data
Review key factors to help you decide if this role fits your goals. How is this calculated?
What they do
A Loan Officer assists customers who apply for loans, and solicits loan applications on behalf of a bank, mortgage broker or other lender. Markets products and provides information on types of loans available, gathers financial and credit information needed to evaluate loan applications; guides the application and approval process. May specialize in loans to businesses or individuals, or in loans to buy real estate.
$89,672 / year median in California
-18% projected decline
Job Description
- $100,000 a year 1 hour ago Benefits Health insurance Dental insurance 401(k) Paid time off Qualifications Asset management Communication with suppliers Microsoft Excel Finance Credit risk assessment Spreadsheets Civil litigations Foreclosure prevention Mortgage compliance Regulatory compliance Foreclosure management Real estate law Finance Bachelor's degree Vendor relationship management Vendor communication Legal compliance Loan loss mitigation Bankruptcy law compliance support experience Real estate foreclosures Financial markets knowledge Capital investment evaluation Bankruptcy Excel data analysis Litigation response management
Full Job Description Position:
Loan Resolution Specialist Status:
Full-Time /Exempt Job Description:
The Asset Manager will oversee a portfolio of non-performing and re-performing residential whole loans. The Asset Manager will be responsible for the resolution of their assigned portfolio.Specific Responsibilities Include:
- As a member of the
Asset Management Department:
o Implement the firm's strategy to achieve measurable goals for maximizing value o Provide regular reporting to Senior Management o Analyze and track loan performance against modeled outcomes o Implement process improvements to enhance efficiency and cost effectiveness o Loss Mitigation Workouts & Exit Strategies- responsible for the implementation and execution of all loss mitigation loan workouts and settlements of their assigned portfolio. Comprehensive knowledge, experience, and competency in all aspects of real estate and whole loan disposition alternatives is required. o Foreclosure, Bankruptcy, Litigation and Diligence Oversight
- responsible for diligence underwriting, managing vendors, and engaging in direct communication with attorneys to achieve optimal resolutions and settlements. Comprehensive knowledge, experience, and competency in all aspects of nationwide foreclosure processes, bankruptcy procedures, and nationwide litigation defenses is required. o Compliance/Legal
- responsible for the adherence to AMIP's compliance program as it relates to the Asset Management department, including all regulatory policies, procedures, training, monitoring, and servicer oversight. Ensure adherence to all relevant loan servicing, SEC, CFPB and any other federal, state, or agency mortgage regulations. o Operational Efficiency
- Create operational scale in the department by developing efficient processes and procedures, implementing appropriate technology solutions, and appropriate training for team members.
Job Skill Requirements:
- 7+ years of significant experience in residential real estate
- asset management, loss mitigation, non-performing whole loan workouts, foreclosure, bankruptcy, and related litigation
- Bachelor's degree in finance, real estate, or other such complementary degree; graduate degree preferred or equivalent work experience
- Currently NMLS licensed or able to obtain
- Existing vendor relationships (i.e. servicer, attorney, title, compliance)
- Organization and people skills
- Understanding of financial markets/risk (market; liquidity; leverage; operational)
- Understanding of mortgage fundamentals
- Effective communication (oral & written) with employees, vendors, senior executives
- Familiarity with finance and NPV modeling
- Proficiency with Microsoft Excel, comfortable working with large subsets of data
- Subject matter expertise: asset management, non-performing loans, all loan retention options (i.
Personal Attributes:
- Resolve / Confidence / strength of character
- Detail oriented
- Devoted / Exceptionally hard working / works well under pressure
- Entrepreneurial
- Analytical
- Mature / Credible
- Hands on
- Creative / "Out of the box" thinking
Organized Other Considerations:
This person will be employed by the servicer in Orange County, but work on a team dedicated to the AMIP portfolio.Key words:
asset management, default, foreclosure, loss mitigation, servicer, servicing, resolution, loan, NPL, non performing, RPL, lenderJob Type:
Full-time Pay:
$75,000.00- $100,000.