Nationstar MortgageReal Estate Owned Asset Manager
May. 2011 - Dec. 2012Lewisville, Texas, United StatesResponsible for (i) maintaining a REO portfolio consisting of over $50 million in bank owned properties, and (ii) Managing vendors to help handle the work flow of selling REO assets including, title companies, property preservation companies, real estate brokers/agents, closing/escrow companies. My primary responsibilities included:
-Created marketing plans for each specific asset based on Appraisal review, broker price opinions, and market conditions.
-Negotiated contracts, sales prices, terms and agreements and closing dates for each REO property with a realtor/broker.
-Monitored, reviewed and recommended expenditures for property repairs, maintenance, utilities, legal fees, valuation fees, etc.
-Projected carrying costs on assets by using formulas and property data.
-Solicited and engaged real estate agents to list and market REO properties.
-Examined foreclosure and legal documentation to clear title issues. -Trained co-workers in REO asset management, how to pull reports from our database and FDIC policies and procedures.