World Business Lenders, LLC

Asset Resolution Counsel – Lawyer

World Business Lenders, LLC

contract

Posted on:

Location Type: Remote

Location: Remote • 🇮🇳 India

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Salary

💰 $3,000 per month

Job Level

Mid-LevelSenior

About the role

  • 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.

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 (Experience working for a US company is a must)
  • 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
Benefits
  • CONTRACT/CONSULTANCY POSITION
  • PTO Available
  • USD salary ($3000 negotiable)
  • 100% Work from home

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
commercial litigationbankruptcyforeclosurereal estate loss mitigationportfolio managementnegotiationtrend analysisfinancial analysiscase managementMicrosoft Office
Soft skills
organizationdecision-makingnegotiation skillsanalytical skillsreasoning skillsproblem-solvingmentoringcommunication skillswork ethicconflict resolution
Certifications
law degree