Job Title: Remote Asset Resolution Counsel (Lawyer)
We are seeking an experienced Asset Resolution Counsel to join our team in a remote, contract/consultant position. The ideal candidate will have a strong background in commercial litigation, bankruptcy, foreclosure, or real estate loss mitigation, with excellent organizational and decision-making skills.
Key Responsibilities
* Manage and monitor non-performing real estate collateralized commercial loan portfolios, including REO, towards the most effective and efficient resolution.
* Supervise, train, and develop Asset Resolution Department staff.
* Conduct proactive portfolio management in accordance with established performance standards.
* Monitor and manage commercial litigation, bankruptcy, and foreclosure activities, functions, and deadlines.
* Direct and 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.
Requirements
* A law degree from a nationally accredited U.S. law school is required.
* Experience in commercial litigation, bankruptcy, foreclosure, or real estate loss mitigation is essential.
* Demonstrated ability to successfully manage non-performing loan pools and REO is required.
* Experience supervising or mentoring a case-management staff is preferred.
* Litigation experience and familiarity with litigation management tools are beneficial.
* Strong organizational, decision-making, and negotiation skills are essential.
* Strong knowledge of applicable U.S. legal and regulatory guidelines, including bankruptcy and foreclosure, is required.
* Demonstrated analytical and reasoning skills, with an innovative approach to practical and theoretical problems, are highly valued.
* Proficiency in all Microsoft Office applications is necessary.
* Strong work ethic and ability to thrive in a dynamic, deadline-driven environment are essential.
* Excellent English fluency and communication skills, both written and verbal, are required.
Benefits
* This is a contract/consultancy position.
* Paid time off is available.
* USD salary is offered.
* 100% work from home is possible.
Seniority Level: Entry-Level
Employment Type: Full-time
Job Function: Legal
Industries: IT services and IT consulting
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