Asset Resolution Counsel

1 month ago
Full-time
Lead
Finance and Accounting
World Business Lenders

World Business Lenders

World Business Lenders provides short-term loans to small businesses, focusing on their ability to repay rather than the owner's credit score, thereby facilitating access to working capital for equipment purchases and expansion efforts.

Real Estate
251-1K
Founded 2011
$25M raised

Description

  • Lead legal strategy and resolution efforts for a portfolio of non-performing commercial real estate-backed loans and REO assets.
  • Manage and monitor portfolio performance to achieve efficient and effective resolutions.
  • Supervise, train, and develop Asset Resolution Department staff.
  • Oversee commercial litigation, bankruptcy, and foreclosure activities, deadlines, and related workflows.
  • Direct and coordinate with in-house counsel, outside attorneys, collection agencies, vendors, and loan servicing teams.
  • Negotiate settlement agreements, bidding instructions, and other loss mitigation outcomes.
  • Communicate and implement loss mitigation decisions and workout strategies.
  • Analyze borrowers’ financial position, credit status, payment history, and related recovery prospects.
  • Maintain delinquency, loss mitigation, and trend reporting, including quarterly recovery reassessments.
  • Monitor expenses, propose protective advances, and support budget preparation for the department.

Requirements

  • Law degree; graduation from a nationally accredited U.S. law school is preferred.
  • Experience in commercial litigation, bankruptcy, foreclosure, and real estate loss mitigation.
  • Experience managing non-performing loan (NPL) pools and REO portfolios.
  • Experience supervising, developing, and mentoring case management staff.
  • Litigation experience and familiarity with litigation management tools.
  • Experience working for a U.S.-based company.
  • Strong proficiency in Microsoft Office Suite, especially Excel, Word, Outlook, and PowerPoint.
  • Ability to interpret and analyze loan and collateral documents, including promissory notes, mortgages, deeds of trust, loan agreements, guaranties, UCC filings, assignments of rents, security agreements, and title documents.
  • Experience reviewing property valuations, appraisals, environmental reports, financial statements, tax returns, cash flow, borrowing base reports, and credit reports.
  • Working knowledge of PACER, court docket systems, Secretary of State databases, UCC filing systems, county land records, and tax assessor websites.
  • Experience with business intelligence/reporting tools and workflow systems such as Monday.com, Salesforce, or SharePoint is preferred.
  • Ability to use AI-assisted legal research, document review, and productivity tools while maintaining attorney judgment and confidentiality.
  • Must be available Monday–Friday, 9:00 AM–6:00 PM Eastern Time.
  • Must have a stable internet connection and a professional remote work setup.
  • Resume must be submitted in English.

Benefits

  • Remote work setup.
  • Opportunity to work on a specialized commercial real estate loan portfolio.
  • Application and resume submission in English accepted for the role.
  • Opportunity to use modern legal and productivity tools.

Interested in this position?

Apply directly on the company website

Apply Now

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