REO Asset Manager

We are looking for a REO Asset Manager to manage a portfolio of Real Estate Owned properties acquired through the foreclosure process. This role oversees the entire asset lifecycle from acquisition through final disposition, ensuring properties are maintained, marketed, and sold efficiently while maximizing recovery value and minimizing loss exposure.

• Manage a portfolio of REO and post-sale properties from acquisition through sale and closing.
• Develop and execute disposition strategies designed to maximize recovery and reduce property hold times.
• Coordinate property inspections, valuations, broker price opinions (BPOs), appraisals, repairs, preservation activities, occupancy management, and evictions when necessary.
• Review and approve vendor bids, repair expenditures, preservation requests, clean-out activities, and utility management services.
• Monitor vendor performance, ensure service-level expectations are met, and hold vendors accountable for quality, timelines, and results.
• Establish listing strategies, evaluate offers, determine pricing recommendations, and manage auction reserve decisions.
• Partner with Finance to monitor, forecast, and analyze property gain/loss performance and financial outcomes.
• Conduct research, analysis, and reporting to support business objectives, process improvements, and portfolio management decisions.
• Collaborate with cross-functional partners including Property Preservation, Legal, Finance, Special Assets, Closing, Audit, and Auction Program teams.
• Maintain compliance with applicable investor, regulatory, and company requirements throughout the asset management process.

• Bachelor's degree, or equivalent work experience.
• Three to five years of experience in project management activities.

• Experience managing REO portfolios or default servicing operations.
• Knowledge of foreclosure, liquidation, property preservation, title, valuation, and disposition processes.
• Experience coordinating and managing third-party vendors and service providers.
• Strong analytical and problem-solving skills with the ability to make independent business decisions.
• Effective negotiation, communication, and stakeholder management skills.
• Ability to prioritize competing demands and manage a high-volume workload.
• Advanced organizational skills and attention to detail.
• Intermediate to advanced Microsoft Excel skills, including reporting, pivot tables, and data analysis.
• Demonstrated ability to work independently in a fast-paced, results-oriented environment.

The role offers a hybrid schedule, with an in-office expectation of three or more days per week at one of the posted hub locations.

Our benefits are designed to help you and your family boost your health, protect your financial security, and give you peace of mind. Benefits include:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program at all facilities located in the United States and certain U.S. territories. Learn more about the E-Verify program.

The salary range for this role is $64,855.00 - $76,300.00, which may vary by location and individual circumstances. In addition to salary, U.S. Bank offers a comprehensive benefits package, incentive and recognition programs, equity, stock purchase, 401(k) contribution, and pension.

U.S. Bank conducts background checks consistent with applicable local and federal laws and regulations, including the Fair Chance Ordinances in Los Angeles County, San Francisco, and relevant federal financial and regulatory requirements.

Applicants must comply with U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.