The Senior REO Specialist plays a critical role in maximizing recovery on real estate owned (REO) assets by managing the disposition process from acquisition through sale. This position is responsible for overseeing a portfolio of properties, coordinating with internal stakeholders and third-party vendors, analyzing property valuations, and executing asset disposition strategies that optimize investor returns while minimizing expenses and risk.

Success in this role requires strong analytical abilities, effective vendor and timeline management, attention to detail, and a thorough understanding of the mortgage servicing and default environment. The ideal candidate is a proactive problem solver who can effectively manage multiple priorities in a fast-paced setting while ensuring compliance with company policies and applicable regulatory requirements.

Essential Responsibilities

• Manage the disposition of a portfolio of REO assets throughout the asset lifecycle.
• Review appraisals, broker price opinions (BPOs), and market data to determine asset values and recommend disposition strategies.
• Develop and execute sales strategies that maximize investor recovery while minimizing carrying costs and losses.
• Coordinate and oversee third-party vendors, including real estate agents, attorneys, preservation companies, and other service providers.
• Monitor asset timelines to ensure timely listing, marketing, sale, and disposition activities.
• Track portfolio performance and ensure the timely receipt and distribution of reports and documentation.
• Identify process improvement opportunities and recommend operational enhancements.
• Maintain compliance with investor guidelines, company policies, and applicable federal and state regulations.
• Stay informed on industry trends, regulatory changes, and best practices within mortgage servicing and REO operations.

Qualifications

Education & Experience

Required

• High school diploma or GED.
• 2–4 years of experience in REO, mortgage servicing, default servicing, asset management, foreclosure, loss mitigation, or a related field.

Preferred

• Associate degree or higher.
• Experience working with mortgage servicing platforms and default servicing systems.

Technical Skills

• Proficiency in Microsoft Office Suite, including Excel, Word, and Outlook.
• Experience with mortgage servicing or REO-related platforms such as Pyramid, MSP, Black Knight/LPS, Sagent, or similar systems preferred.
• Ability to analyze property valuations, reports, and financial data.

Professional Skills

• Strong organizational and time management skills with the ability to manage multiple priorities simultaneously.
• Excellent verbal and written communication skills.
• Strong analytical and problem-solving abilities.
• Attention to detail and commitment to accuracy.
• Ability to work independently while collaborating effectively with cross-functional teams.
• Customer-focused mindset with strong relationship management skills.
• Sound judgment and decision-making abilities.
• Ability to maintain confidentiality and handle sensitive information appropriately.

Core Competencies

Successful candidates will demonstrate:

• Adaptability: Ability to adjust to changing priorities, deadlines, and business needs.
• Integrity and Professionalism: Consistently acts with honesty, accountability, and respect while upholding organizational values.
• Communication: Effectively communicates with internal and external stakeholders while keeping key partners informed.
• Customer Focus: Delivers responsive, professional service while managing challenging situations with professionalism.
• Dependability: Takes ownership of responsibilities, follows through on commitments, and consistently meets expectations.
• Collaboration: Builds positive working relationships and contributes to a team-oriented environment.

Work Environment & Physical Requirements

This position operates primarily in a professional office environment with moderate noise levels.

While performing the duties of this role, employees will regularly sit for extended periods and use standard office equipment. Occasional standing, walking, bending, lifting, and moving items up to 25 pounds may be required.

Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions of the position.

Travel

Occasional travel may be required.

Disclaimer

This job description is intended to describe the general nature and level of work performed by individuals assigned to this role. It is not intended to be an exhaustive list of all duties, responsibilities, or qualifications. Responsibilities may change based on business needs.