VP - RTL Asset Sr. Manager

VP - RTL Asset Sr. Manager page is loaded## VP - RTL Asset Sr. Manager remote type:
Hybrid locations:
Minneapolis, MNtime type:
Full time posted on:
Posted Todayjob requisition :
JR114018

Selene Holdings is a multiple-lines business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage, and a real estate owned company. We have office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT.  Founded in 2007 to address needs in the mortgage industry, Selene strives to provide amazing client and borrower experiences.  

A positive attitude coupled with proven creative thinking and actions are all attributes we seek in every one of our employees. If you want to make a difference, then Selene is the place for you!

Position Description  Selene Finance is seeking an Asset Manager who will perform a wide variety of duties in the Loss Mitigation area by overseeing the default servicing functions completed by our network of servicers and originators. This position will primarily oversee our Residential Transition Loans. This position requires in-depth expert knowledge of default servicing practices, primarily in foreclosure, bankruptcy, loss mitigation, and property valuation, in addition to monitoring draws.

Qualified candidates will be flexible, results oriented, self-starter, high attention to detail and possess advanced communication and organizational skills. The ideal candidate position must have the ability to work in a fast-paced environment and manage multiple competing priorities.
Responsibilities
* Ultimately develop, track and monitor rehab and draw process – strategy change, status change and project progress
* Review all extensions and determine if extension policy is being adhered to
* Monitor delinquent assets and help drive Loss Mitigation options with servicers
* Conduct value reconciliation on assets to identify potential risk
* Conduct loss analysis assessments on delinquent assets and be able to present this to upper management
* As the subject matter expert, create best practice guidelines, both internally and externally
* Create exception reporting to proactively identify potential risky assets, in addition to building out necessary controls to minimize loss
* Determine watchlists and ‘stop lending’ events/borrowers
* Forward facing with the trading desk and transaction management as the subject matter expert
* Bid and acquisition diligence for New Origination and NPL purchases as needed
* Conduct monthly QC to make sure draws are disbursed appropriately
* Monitor and evaluate financial performance of large borrowers (Quarterly covenants review)
* Review loss mitigation transactions for approval or denial to ensure consistency, accuracy, and quality
* Conduct asset level reviews for loans outside of acceptable timelines and drive resolution strategies / practices
* Proactively review problem accounts with servicers and monitor to a quick resolution
* Actively participate in monthly loss mitigation performance meetings and provide insight for improvements and current trends
* Collaborate closely with internal teams and servicers to identify and create procedural changes and system enhancements;
Recommend operational improvements and assist in implementation
* Remain current on all default processes and regulatory changes and their impacts on borrowers and servicing practices
* Create internal policy and procedures and ensure proper controls are in place to oversee multiple servicers and originators.

Requirements
* Minimum of 10+ years Mortgage experience in at least 3 or more of the following areas: RTL/Fix and Flip Experience, Collections, Loss Mitigation
* Expert knowledge of RTL/Fix and Flip loans
* Advanced knowledge of Foreclosure and Bankruptcy Processes
* Working knowledge of servicing systems, such as LPS, MSP, Black Knight is a plus
* Solves problems with a sense of recognizing opportunities, understanding risks, and acting quickly to overcome obstacles and reach a solution. Must be detailed oriented and consistently maintain a high level of quality and accuracy in their work
* Ability to work independently with minimal direct supervision and effectively communicate with multiple servicers on a constant basis to achieve stated objectives
* Ability to organize, prioritize and allocate workload for optimum efficiency
* Ability to resolve conflict appropriately and effectively resolve problems
* Strong team player with a high level of professionalism###
** Benefits
* * Selene Finance LP is committed to the total wellbeing of its employees and therefore offers one of the best benefits packages available in the industry today, which includes:
* Paid Time Off (PTO)
* Medical, Dental &Vision
* Employee Assistance Program
* Flexible Spending Account
* Health Savings Account
* Paid Holidays
* Company paid Life Insurance
* Matching 401(k) Plan
* The job requirements listed above are representative of the knowledge, skills, and/or abilities required. This job…