Business Asset Recovery Specialist
4 days ago
About World Business Lenders, LLC (www.wbl.com)
We provide general-purpose short-term real estate collateralized commercial loans to small and medium-sized businesses in the United States.
This is a remote Contract/Consultant position. Working hours will be 9:00am-6:00pm Eastern Time, Monday through Friday.
Job Responsibilities:- Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO, toward most effective and efficient resolution.
- 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 prepare settlement agreements.
- Prepare 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.
- Assist in budget preparation for the Asset Resolution Department.
- Law degree (from a nationally accredited U.S. law school is preferred).
- Experience with Real Estate required.
- Experience working in commercial litigation/bankruptcy/foreclosure/loss mitigation required.
- Strong organization, decision-making, and negotiation skills.
- 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.
- CONTRACT/CONSULTANCY POSITION.
- Compensation: $80,000 - $110,000 per year (dependent on experience).
- 11 US Paid Holidays per year.
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