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Finance / Legal
Asset Resolution Counsel
@World Business Lenders, LLC
[Hiring] Asset Resolution Counsel @World Business Lenders, LLC
Apr 13, 2025 - World Business Lenders, LLC is hiring a remote Asset Resolution Counsel. 💸 Salary: usd salary. 📍Location: Latin America (LATAM), India, Turkey.
This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.
Role Description
This role involves managing a non-performing real estate collateralized commercial loan portfolio and supervising the Asset Resolution Department staff.
- 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
- 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
- You must have your own laptop or desktop to use (the company does not supply equipment)
- Excellent English fluency and communication skills, both written and verbal
Benefits
- Contract/Consultant position
- 100% WFH
- USD salary
- PTO available
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| 📍 | Be aware of the location restriction for this remote position: Latin America (LATAM), India, Turkey |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
Back to Remote jobs >
Finance / Legal
Finance / Legal
|
Salary
💸
usd salary
|
Remote
Location
Latin America (LATAM), India, Turkey
|
|
Job Type
contract
|
Posted
Apr 13, 2025
|
️
| 📍 | Be aware of the location restriction for this remote position: Latin America (LATAM), India, Turkey |
| ‼ | Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more. |
