REO Asset Manager

1 week ago
Full-time
Senior
Operations
Builders Capital Exchange (BCX)

Builders Capital Exchange (BCX)

Builders Capital Exchange (BCX) is the capital and strategic engine behind a growing portfolio of specialized real estate finance brands. BCX provides shared capital, infrastructure, and strategic support while enabling each brand to operate independently with its own leadership, positioning, and customer focus. This structure creates financial strength, operational consistency, and long-term alignment across the portfolio—without sacrificing the specialization that differentiates each business. Together, the BCX network serves builders, developers, and real estate investors with purpose-built financing solutions designed to perform across market cycles. BCX exists to support disciplined growth, resilient operations, and a consistent standard of execution across every brand in the portfolio.

financial services
11-50

Description

  • Manage a national portfolio of residential REO assets from foreclosure through disposition to maximize recovery outcomes.
  • Develop and execute asset-level disposition strategies based on property condition, market trends, occupancy, and investor objectives.
  • Oversee third-party vendors such as brokers, preservation companies, attorneys, inspectors, locksmiths, contractors, and auction partners.
  • Review valuations, broker price opinions, repair scopes, marketing plans, and listing strategies to improve sale performance.
  • Monitor portfolio performance metrics including days on market, liquidation timelines, carrying costs, recovery rates, and net loss severity.
  • Coordinate with servicing teams, capital partners, Special Assets officers, legal counsel, and internal stakeholders on asset status and resolution strategies.
  • Approve repair budgets, vendor invoices, marketing recommendations, and disposition plans within delegated authority and company guidelines.
  • Manage escalated issues involving title defects, occupancy, code violations, litigation, foreclosure delays, cash-for-keys negotiations, and post-foreclosure timelines.
  • Ensure compliance with investor guidelines, servicing standards, regulatory requirements, and internal asset management policies.
  • Provide reporting, forecasting, and strategic recommendations to leadership and capital partners based on portfolio trends.

Requirements

  • Minimum 5+ years of institutional residential REO asset management experience or relevant experience.
  • Strong understanding of residential foreclosure processes, REO disposition, servicing operations, and distressed asset management.
  • Proven experience managing high-volume REO portfolios in a performance-driven institutional environment.
  • Experience coordinating and overseeing third-party vendors including brokers, attorneys, preservation companies, inspectors, and contractors.
  • Strong analytical and financial skills with the ability to evaluate valuations, carrying costs, recovery metrics, and disposition strategies.
  • Familiarity with investor reporting requirements, compliance standards, and asset recovery performance metrics.
  • Experience managing geographically diverse residential asset portfolios across multiple markets.
  • Ability to prioritize and manage multiple assets, deadlines, and escalated issues simultaneously.
  • Strong negotiation, organizational, and stakeholder management skills.
  • Experience with asset management platforms, servicing systems, reporting tools, and disposition tracking systems.
  • Excellent written and verbal communication skills with the ability to present data-driven recommendations to senior leadership and capital partners.
  • Experience working with institutional investors, private lenders, banks, hedge funds, or special servicers.
  • Background in residential loan servicing, default servicing, distressed asset management, or special assets.
  • Knowledge of auction strategies, cash-for-keys negotiations, eviction processes, and post-foreclosure asset resolution timelines.
  • Experience managing REO assets tied to residential bridge loans, fix-and-flip loans, or transitional real estate lending portfolios.

Benefits

  • 100% company-paid medical insurance premiums with PPO and HSA plan options.
  • Flexible work environment.
  • 3 weeks of paid time off annually.
  • 10 paid holidays each year.
  • Competitive compensation.
  • Opportunity to work in a nationwide operation with meaningful impact in construction financing.
  • Full-time, exempt employment status.

Interested in this position?

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