REO Asset Manager II and Foreclosure Specialist Resume Example
REO Asset Manager with more than 20 years of experience planning, developing and implementing liquidation of REO properties, Loss Mitigation programs, collection of non-performing loans.
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April 2009 to December 2015Oklahoma's Credit Union － Oklahoma City , OK
- Managed an REO portfolio of 250 properties nationwide.
- Properties are a mixture of single family homes, multi-family homes, commercial properties, vacant land, etc.
- Worked closely with agents to determine the best course of marketing strategy.
- Identify and determine best disposition of a property based on investor guidelines, market area, condition and cost of repairs.
- Determine if best disposition may be retail sales, auction, or donation.
- Work closely with repair team to make most cost effective decisions regarding the marketing strategy for each individual property.
- Review appraisal, BPO, and other outside sources alongside agent to determine the initial list price and review every 30 days for any price adjustments if needed.
- Negotiate offers and follow up on closings.
- Review and follow up on code violations, demolition notices, insurance claims, secure and winterize vacant properties.
- Work closely with title representatives to clear any title issues or code violations that may delay closing.
- Manage portfolio based on department standards and complex investor guidelines.
- I won monthly awards consistently for most properties sold.
- Also worked on a special project for one year as a Reviewer/Signer for the Foreclosure Department.
- Reviewed delinquent loans and corresponding foreclosure documents for accuracy.
- Verified title searches, demand letters, complaints, note and mortgage documents before approving foreclosure.
January 2004 to February 2009Citi Residential Lending Inc. (previously Ameriquest Mortgage) － City , STATE
- Responsible for a queue of 200 to 300 delinquent loans to determine the best course of action to minimize the loss to the company as much as possible.
- This includes short sales, short payoffs, deed-in-lieu of foreclosure, title settlements, and charge offs.
- Review and negotiate short sale and short payoff offers.
- Review appraisals, comparative sales in area, listing agent's market analysis to determine acceptable sales price.
- Also review all closing costs, property taxes, commissions, liens or judgments pertaining to the sale of the property.
- Review and follow up on code violations, demolition notices, insurance claims, secure and winterize vacant properties.
- Self approve or recommend management approval in accordance with company/investor guidelines.
- Track closings of approved short sales to ensure funds and closing documents are received as agreed.
February 2000 to November 2004Option One Mortgage － City , STATE
* Analyzed applications, property specs and documentation per company guidelines. * Ordered all required verifications and conducted follow up with the customer or internal contacts as needed. * Made business decisions based on credit risk policy and procedures. * * Perform high volume, time sensitive tasks related to the loan documentation process which includes researching and problem solving to ensure compliance with customer service, quality and timeliness standards. * Familiar with both conforming and non-conforming loans. Maintained contact with both the customer and the HMC throughout the entire loan process. * Requested and gathered all required documentation while ensuring a high level of customer service.
- Award Winning Top Performer as REO Asset Manager, Loss Mitigator and Collector
- Minimized losses to the companies by use of REO and short sales, deed-in-lieu of foreclosure, title settlements, donations and charge offs.
- Self approved or recommend management approval in accordance with company/investor guidelines.
- Made business decisions based on credit risk policy and procedures.
- Performed high volume, time sensitive tasks related to the loan documentation process which includes researching and problem solving to ensure compliance with customer service, quality and timeliness standards.
Some College
Familiar with Mortgage Systems Fidelity, Aspen, Core-Logic, HUD and Fannie Mae websites
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Resume Overview
School Attended
- Cal State Northridge
Job Titles Held:
- REO Asset Manager II and Foreclosure Specialist
- Loss Mitigator III
- Loan Processor
Degrees
- High School Diploma
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