πUnited States
Asset Resolution Counsel

World Business Lenders
πRemote - India
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Summary
Join World Business Lenders (WBL), a 100% remote company, as a Contract/Consultant to manage a non-performing real estate collateralized commercial loan portfolio. This role requires managing and resolving loans, supervising staff, and conducting portfolio management. You will monitor litigation, interact with customers and counsel, negotiate settlements, and maintain reporting. A law degree from a nationally accredited U.S. law school and experience in commercial litigation/bankruptcy/foreclosure/real estate loss mitigation are essential. The position offers a USD salary, PTO, and a fully remote work environment.
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
- 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
Responsibilities
- 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
Benefits
- USD salary
- PTO available
- 100% WFH
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