Asset Resolution Counsel

World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding. WBL services its loan portfolio and loan portfolios for third parties, specializing in the management of non-performing loan pools and REO.

• The Asset Resolution Counselis responsible for leading the legal strategy, portfolio management, and resolution efforts for a portfolio of non-performing commercial loans secured primarily by real estate. This role serves as a strategic business partner responsible for maximizing recoveries while minimizing legal risk,lossseverity, and resolution timelines.
• Working collaboratively with internal stakeholders, outside counsel, loan servicing teams, and borrowers, the Asset Resolution Counsel develops and executes resolution strategies through negotiation, restructuring, litigation, foreclosure, bankruptcy, receivership, REO disposition, and other loss mitigation initiatives.
• This position requires sound legal judgment, strong financial and analytical skills, and the ability to balance businessobjectiveswith legal and regulatory compliance.

• 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.

• Education:

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

• Experience:

  • Experience working in commercial litigation, bankruptcy, foreclosure, and real estate loss mitigation

  • Experience successfully managing non-performing loan (NPL) pools and REO portfolios

  • Experience supervising, developing, and mentoring case management staff

  • Litigation experience and familiarity with litigation management tools

  • Experience working for a U.S.
    
    -based company.

The ideal candidate will demonstrate:

• Strategic Decision Making

• Commercial Lending & Real Estate Expertise

• Portfolio & Risk Management

• Financial Analysis & Business Acumen

• Litigation & Bankruptcy Management

• Negotiation & Conflict Resolution

• Leadership & Team Development

• Vendor & Outside Counsel Management

• Executive Communication & Presentation Skills

• Data-Driven Decision Making

• Process Improvement & Operational Excellence

• Exceptional Written and Verbal English Communication Skills

• Professional, Personable, and Customer-Focused Interpersonal Skills

• Sound Judgment, Integrity, and Accountability

The successful candidate shoulddemonstrateproficiencyin the following:

• Strongproficiencyin Microsoft Office Suite, particularly Excel (pivot tables, formulas, data analysis, and reporting), Word, Outlook, and PowerPoint.

• Experience working withloan servicing systems, case management platforms, or asset management software used to administer commercial loan portfolios.

• Ability to interpret and analyze:

  • Promissory Notes
  • Mortgages and Deeds of Trust
  • Loan Agreements
  • Guaranties
  • UCC filings
  • Assignments of Rents
  • Security Agreements
  • Title commitments and title policies
  • Familiarity with commercial foreclosure, bankruptcy, receivership, and litigation management platforms.

• Experience reviewing and analyzing:

  • Property valuations and appraisals
  • Environmental reports
  • Financial…