Asset Manager

Employer
Red Creek Asset Management
Location
Miami, FL
Posted
Jul 30, 2017
Jobs Outside Higher Education
Other Jobs Outside Higher Education
Institution Type
Outside Academe


Job Description

Red Creek Asset Management is seeking an Asset Manager who will be responsible for the management of legacy whole loan acquisitions.

RESPONSIBILITES INCLUDE:

• Overseeing transfer/boarding of assets to custodian and servicer

• Direct oversight of the servicer and asset management (loss mitigation and loan resolution) to hit defined performance targets and strategy

• Servicing transfer and on-boarding strategy: coordinate and manage settlement from interim servicers to ensure a timely, accurate and compliant transition

• Formalize and execute an asset resolution plan: map acquisition and risk assessment; Establish and oversee effective pre-acquisition collateral assessment and due diligence that quantifies target assets, mitigates tail risk and targets investor strategy

• Implement Asset Management Strategy: devise strategies with servicer, implement and manage controls and reporting to optimize execution and effectively manage asset performance

• Design and launch an asset acquisition transfer and oversight plan, utilizing diligence, knowledge and insight from investor received during diligence process
  • Determine foreclosure and collection strategies to reduce timelines and expenses
  • Work with custodian and servicer to clear critical collateral exceptions
  • Review all proposed loss mitigation solutions (short sales, REO, modifications etc.) and financial decisions to ensure optimization of cash flow and investor profit
  • Trend portfolio to determine and measure effectiveness of servicer efforts and campaigns
  • Develop and monitor exception reporting to identify and resolve loans stuck in various stages of default to avoid timeline delays and lost opportunities

REQUIREMENTS:
  • Minimum of 5 years as an Asset Manager with an established servicer or loan investor required
  • High School Diploma or equivalent required, Bachelor's degree preferred
  • Knowledge of pre-acquisition diligence process and results (compliance, credit, property value and collateral/title review)
  • Excellent written and verbal communication skills
  • Must work well in a team environment
  • Strong analytical and organizational skills with close attention to detail
  • Knowledge of Federal, state and foreclosure/bankruptcy laws applicable to mortgage servicing
  • Understanding of securitizations and capital markets
  • Ability to set goals and meet deadlines in a fast-paced environment
  • Self-motivated and goal oriented
  • Appreciation of risk vs. return and value oriented investing
  • Ability to multi task and prioritize
  • Strong sense of professionalism and work ethic

Company Description
About Red Creek Asset Management:

Red Creek Asset Management LLC is a newly formed asset manager focused on managing sub and non-performing residential mortgage assets. Red Creek was formed to create a best in class solution for overseeing and managing a growing mortgage loan portfolio. Red Creek's headquarters are in Miami, Florida.


Miami, FL

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Sat, 29 Jul 2017 12:10:35 PDT

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