World Business Lenders, LLC is hiring a
Asset Resolution Counsel in India

Summary

The job is for a remote Asset Resolution Analyst at World Business Lenders (WBL), responsible for managing a non-performing real estate collateralized commercial loan portfolio and REO. The analyst will conduct proactive collection, loss mitigation, and recovery strategies, weekly reporting, and quarterly file analysis.

Requirements

• Law degree (from a nationally accredited U.S. law school is preferred)
• 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

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

Preferred Qualifications

Litigation experience and familiarity with litigation management tools

Benefits

• Compensation DOE
• 11 US Paid Holidays per year