.About World Business Lenders (www.Wbl.Com)World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding.
WBL services its loan portfolio and loan portfolios for third parties, specializing in the management of non-performing loan pools and REO.WBL is a U.S.-based company with a 100% remote workforce.This is a remote Contract/Consultant position.Working hours will be 9:00am-6:00pm Eastern Time, Monday through Friday.The job requires excellent oral and written command of the English language.
Resumes must be submitted in English.Position OverviewIn a fast-paced, high expectation, results-oriented environment, the Asset Resolution Analyst will be responsible for managing a portfolio of non-performing real estate collateralized commercial loans and REO.Core Responsibilities:Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO, toward most effective and efficient resolutionConduct proactive and effective portfolio management in accordance with established performance standardsMonitor and manage commercial litigation/bankruptcy/foreclosure activities, functions and deadlinesDirect/monitor/liaise with in-house and outside attorneys, collection agencies and other vendors that support the loss mitigation effortInteract with customers and their counselNegotiate and prepare settlement agreementsPrepare bidding instructionsMonitor loss mitigation workout performance and loss severity trendsImplement and communicate loss mitigation decisionsMaintain delinquency and loss mitigation reporting, including trend analysis and assessmentConduct comprehensive analysis of debtors' financial position, credit status, personal background, and historical payment performanceFacilitate negotiation and conflict resolutionPerform extensive quarterly review of portfolio being managed to confirm or reassess recovery estimatesMonitor related expenses (taxes, maintenance, utilities, fees, etc.)
and timely propose protective advancesAssist in budget preparation for the Asset Resolution DepartmentOther projects and duties as assignedMinimum Requirements:Law degree (from a nationally accredited U.S