Sr. Associate, Foreclosure & REO

2 days ago Be among the first 25 applicants

This range is provided by Conventus. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

$90,000.00/yr - $95,000.00/yr

• Annual Bonus
• Direct message the job poster from Conventus

Conventus Holdings Corporation was envisioned and created to reduce the number of economic intermediaries involved in the origination, funding and investment in the $125 billion real estate bridge loan marketplace. True to the Latin origin of the company’s name, “to bring together,” CHC’s existence and strength is anchored to a business model that removes unnecessary economic intermediates so that it can provide superior pricing and service to its clients.

Our competitive edge in executing our mission is assembling, nurturing, and developing a collaborative group of talented individuals. To that end, diversity of experiences, perspectives, skills, and cultures is core to our mission and team.

Full-Time, Salaried and Performance-based bonus

West Palm Beach, Florida

Required 4 days per week in the office (Mon-Thu). Please do not apply if this does not align with you.

Conventus is seeking a detail‑oriented and highly organized Senior Associate, Foreclosure and REO to join our team during a pivotal stage in our company's growth. You will play a crucial role in our success by executing on our mission to serve our clients and investors. This position will report to the Vice President, Special Assets and will oversee the foreclosure and REO process, along with property preservation efforts, ensuring compliance with legal and investor guidelines.

This role involves managing foreclosure timelines, collaborating with attorneys and vendors, resolving title and property issues, and facilitating the sale of Real Estate Owned (REO) properties. The ideal candidate will possess strong analytical and organizational skills, expertise in foreclosure and property management, and a genuine desire to go the extra mile for our customers.

• Work with servicers, investors, and attorneys to manage loans through the foreclosure process from start to finish.
• Create and maintain a preferred Attorney Network and Attorney Scorecard to evaluate performance.
• Responsible for timely processing of activities and responsiveness to ensure foreclosure timeline management is met.
• Work within the foreclosure system Jonah Direct to ensure milestones are met and updates are made timely to properly track foreclosure timelines.
• Be a subject matter expert in foreclosure in all states and become a foreclosure expert in the system of record, Jonah Direct.
• Maintain and update various databases and spreadsheets that provide periodic management and investor reports relating to foreclosure management and attorney oversight.
• Prepare for and attend portfolio meetings with Investors and provide foreclosure updates on loans.
• Review loans to ensure all federal and state laws and regulations have been met and all investor requirements have been completed to refer the loans to foreclosure in a timely manner.
• Act as primary liaison with all foreclosure attorneys, which includes reviewing monthly status reports, monitoring foreclosure timelines, and discussing accounts with various attorneys to ensure that all steps are being taken on up to 100 active foreclosures.
• Make recommendations for receivership actions in foreclosure matters when appropriate.
• Work with VP, Special Assets to elevate and hand off all litigation and bankruptcy matters.
• In collaboration with VP, Special Assets, prepare bidding instructions for all sales in compliance with investor, insurer guidelines.

• Complete legal follow‑ups and verify foreclosure sales are complete and process repossessions as necessary.
• Ensure the property has a clear & marketable title at the end of the foreclosure process by reviewing the title search to confirm all required liens will be foreclosed out.
• Monitor Vacant Property Loan Inventory to ensure a smooth transition to REO and release of mortgage liens.
• File insurance claims for damaged assets.
• Re…