Asset Manager
$70,000–$135,000 year
On-siteLake Forest, California, United States
Job Summary
Senior Asset Manager overseeing portfolios of non-performing residential and commercial loans with a focus on loss mitigation, foreclosure, bankruptcy, and regulatory compliance. Responsible for coordinating loan workouts (modifications, repayment plans, forbearance, short sales, deeds-in-lieu, discounted payoffs, cash cures), managing assets in foreclosure or litigation, performing due diligence and risk reviews, preparing portfolio reporting and recommendations, and ensuring adherence to investor guidelines and applicable regulations. Requires 7+ years of experience, a finance/real estate/business degree (advanced degree preferred), and an NMLS license or eligibility; characterized by strong mortgage servicing knowledge, financial modeling, stakeholder collaboration, and deep industry relationships.
Required Qualifications
- 7+ years of experience in residential and/or commercial real estate, asset management, loss mitigation, non-performing loan workouts, foreclosure, bankruptcy, and related litigation
- Bachelor's degree in Finance, Real Estate, Business, or a related field; advanced degree or equivalent industry experience preferred
- Currently NMLS licensed or eligible to obtain licensing
- Established network of industry relationships, including mortgage servicers, attorneys, title companies, compliance providers, and other third-party vendors
- Strong understanding of mortgage servicing, loan resolution strategies, investor guidelines, and default management practices
- Knowledge of financial markets, credit and risk management principles, and the impact of market, liquidity, leverage, and operational risks on portfolio performance
- Familiarity with financial analysis, discounted cash flow concepts, and Net Present Value (NPV) modeling
- Advanced proficiency in Microsoft Excel, including the ability to analyze large datasets and support portfolio-level decision making
- Demonstrated expertise in loan retention and non-retention strategies, including modifications, repayment plans, forbearance agreements, short sales, deeds-in-lieu of foreclosure, foreclosure management, bankruptcy proceedings, litigation oversight, and regulatory compliance
- Thorough understanding of federal and state mortgage servicing regulations, including CFPB requirements and industry best practices
- Experience with loss mitigation strategies and regulatory adherence
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