Sr. Vice President - Commercial Asset Resolution Manager - Dallas at World Business Lenders, LLC | Torre
Sr. Vice President - Commercial Asset Resolution Manager - Dallas
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World Business Lenders, LLC

Sr. Vice President - Commercial Asset Resolution Manager - Dallas

World Business Lenders, LLC
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Full-time

USD75.4K - 100K/year

~COP150M - 200M/year

+ Equity

+ Bonuses

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Remote (anywhere)
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Posted over 2 years ago

Requirements and responsibilities

World Business Lenders provides general purpose short-term real estate collateralized commercial loans to small and medium-sized businesses throughout the country. The Asset Resolution Manager at World Business Lenders is responsible for managing a large portfolio of non-performing real estate collateralized commercial loans and REO. They will supervise the Asset Resolution/Collections/REO Department staff, analyze loan and borrower characteristics, consult with local counsel, and achieve optimal resolutions. The ideal candidate should have experience working with a large portfolio of assets, be familiar with legal proceedings, and have strong financial analysis skills. Responsibilities: - Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO - Conduct proactive and effective portfolio management in accordance with established performance standards - Prepare annual collection budget - Hire, supervise, train, and develop Asset Resolution/Collections/REO Department staff - Review and develop collection strategy recommendations - Oversee collection process - Manage case settlement process; propose offers/counteroffers - Oversee management of REO portfolio - Monitor and approve timely payment of REO related expenses - Approve listing agreements and monitor broker performance - Manage sale process; propose offers/counteroffers/bidding instructions - Perform extensive quarterly review of all defaulted assets - Perform advanced statistical analysis of portfolio default trends - Other projects or duties as assigned
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