Asset Resolution Team Lead (Attorney)

Summary

The job is a remote Contract/Consultant position as an Asset Resolution Team Lead at World Business Lenders (WBL), managing a team responsible for non-performing real estate collateralized commercial loans and REO. Requires a law degree, experience in commercial litigation/bankruptcy/foreclosure/loss mitigation, strong organizational skills, proficiency in Microsoft Office applications, and excellent English language skills.

Requirements

• Law degree (from a nationally accredited U.S. law school is preferred.)
• Experience with Real State required
• Experience working in commercial litigation/bankruptcy/foreclosure/loss mitigation required

Responsibilities

• Oversee and manage team of Asset Resolution Analysts
• Conduct proactive and efficient portfolio management in line with established performance standards
• Monitor and handle commercial litigation, bankruptcy, and foreclosure activities, including associated deadlines
• Direct, monitor, and coordinate with internal and external attorneys, collection agencies, and other vendors involved in loss mitigation efforts
• Draft demand letters
• Prepare bidding instructions
• Track loss mitigation performance and analyze trends in terms of severity
• Implement and communicate loss mitigation decisions
• Maintain delinquency and loss mitigation reports, including trend analysis and evaluation
• Conduct comprehensive analysis of debtors' financial position, credit status, personal history, and repayment performance
• Facilitate negotiation and resolution of conflicts
• Perform detailed quarterly reviews of managed portfolio to affirm or reevaluate recovery estimates
• Monitor related expenses (taxes, maintenance, utilities, fees, etc.) and propose necessary advances in a timely manner
• Assist in preparing budget for the Asset Resolution Department
• Handle other assigned projects and duties

Preferred Qualifications

• Strong organization, decision-making and negotiation skills
• Experience overseeing activities of a team and with training
• 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

Benefits

• Compensation DOE
• 11 US Paid Holidays per year