13 ago
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World Business Lenders
|
Istán
13 ago
World Business Lenders
Istán
About World Business Lenders
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.
Overview
- The Asset Resolution Counsel is responsible for leading the legal strategy, portfolio management, and resolution efforts for a portfolio of non-performing commercial loans secured primarily by real estate. This role serves as a strategic business partner responsible for maximizing recoveries while minimizing legal risk, loss severity, and resolution timelines.
- Working collaboratively with internal stakeholders, outside counsel, loan servicing teams, and borrowers, the Asset Resolution Counsel develops and executes resolution strategies through negotiation, restructuring, litigation, foreclosure, bankruptcy, receivership, REO disposition,
and other loss mitigation initiatives.
- This position requires sound legal judgment, strong financial and analytical skills, and the ability to balance business objectives with legal and regulatory compliance.
Essential Functions:
- Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO, toward most effective and efficient resolution
- Supervise, train and develop Asset Resolution Department staff
- Conduct proactive and effective portfolio management in accordance with established performance standards
- Monitor and manage commercial litigation/bankruptcy/foreclosure activities, functions and deadlines
- Direct/monitor/liaise with in-house and outside attorneys, collection agencies and other vendors that support the loss mitigation effort
- Interact with customers and their counsel
- Negotiate and propose settlement agreements and bidding instructions
- Mo
📌 Asset Resolution Counsel (Istán)
🏢 World Business Lenders
📍 Istán