Real Estate Asset Manager November 2011 to March 2017Rialto Capital Advisors, LLC － Miami, FL
Created and managed customized strategies for investment and foreclosed properties owned by the firm. Properties were both residential and commercial.
Developed business plans to maximize total return for each asset through the analysis of property efficiencies and identifying opportunities for improved performance based on property type.
Worked closely with real estate agents, property managers and leasing agents to provide oversight of business plans, budgets, analysis and approvals
Obtained both local and national vendor estimates for repair projects. Reviewed based on scope of work,typical costs for the local market, and the ultimate net return to the firm.
Negotiated third party contracts for purchase. Coordinated the closing of each transaction through the title company and/or closing attorney. Reviewed final HUD and seller closing documents prior to senior officer execution.
Provided pre-acquisition input during the due diligence process in relation to asset value utilizing local real estate professionals opinions and actual on-site visits.
Assisted loan asset managers in setting foreclosure bid price based on asset value review. Sought local realtor opinion in this process along with research through industry web sites such as Zillow.com, Trulia.com and Costar.
Upon transfer of an asset to REO, submitted written proposal for valuation approval at post acquisition.
Vice President - Real Estate Owned (REO) March 2006 to March 2011Bayview Loan Servicing － Coral Gables, FL
Led a staff of residential and small commercial REO asset managers responsible for the management and disposition of a portfolio of real estate that included over 3000 assets located throughout the United States and Puerto Rico.
Engaged third party vendors in pursuit of alternative marketing/sales strategies
Developed and implemented policies, procedures and sales goals for the new small commercial REO team
Updated sales incentive plan and goals for the residential team
Created guidelines and requirements for the approval of repair cost expenditures
Gathered and compiled data data necessary for rating agency review of Bayview Loan Servicing's REO processes
Worked with both information technology and marketing staff in the development of our website: bayviewreo.com
Department Manager - REO March 2000 to March 2006Bayview Loan Servicing － Coral Gables, FL
Supervised a team of REO Asset Managers handling residential properties throughout the United States.
Increased overall sales results from 10% to 20% of current total inventory per month
Approved REO Asset Manager's marketing plans and repair expenses.
Reviewed all offers to purchase prior to submission to senior management for final approval
Approved new real estate agent hires used to market our properties
Created the REO department's training procedures for new REO Asset Manager hires
Updated and expanded the policies and procedures manual for the REO department
Assisted the information technology staff with the initial development of the REO department database
REO Sales Team Leader June 1998 to February 2000Ocwen Federal Bank － West Palm Beach, FL
Supervised a team of REO Asset Managers in the marketing, management and disposition of Ocwen's foreclosed residential real estate located primarily in the northeastern United States
Reviewed and analyzed market plans submitted by the REO Asset Managers
Audited REO Asset Managers' property files
Loan Workout Specialist June 1997 to June 1998Wilshire Financial Services Group － Portland, OR
Managed a portfolio of non-performing residential loans
Developed and implemented recovery strategies, including: loan modification, forbearance, assumption, deed-in-lieu, foreclosure, settlement or note/mortgage sale to facilitate asset resolution
REO Asset Manager September 1993 to August 1995Dime Savings Bank of New York － Uniondale, NY
Managed and marketed a portfolio of residential bank owned properties located primarily in New York, New Jersey and Connecticut
Education
MBA : Finance, 1997University of San Francisco － San Francisco, CA
Bachelor of Science : Finance/Real Estate, 1988University of Connecticut － Storrs, CT
