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Conventus

Sr. Associate, Foreclosure & REO

Conventus, West Palm Beach, Florida, United States, 33412

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2 days ago Be among the first 25 applicants

This range is provided by Conventus. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range $90,000.00/yr - $95,000.00/yr

Additional compensation types

Annual Bonus

Direct message the job poster from Conventus

Conventus Holdings Corporation was envisioned and created to reduce the number of economic intermediaries involved in the origination, funding and investment in the $125 billion real estate bridge loan marketplace. True to the Latin origin of the company’s name, “to bring together,” CHC’s existence and strength is anchored to a business model that removes unnecessary economic intermediates so that it can provide superior pricing and service to its clients. Our competitive edge in executing our mission is assembling, nurturing, and developing a collaborative group of talented individuals. To that end, diversity of experiences, perspectives, skills, and cultures is core to our mission and team.

POSITION Full-Time, Salaried and Performance-based bonus

LOCATION West Palm Beach, Florida

Required 4 days per week in the office (Mon-Thu). Please do not apply if this does not align with you.

Conventus is seeking a detail‑oriented and highly organized Senior Associate, Foreclosure and REO to join our team during a pivotal stage in our company's growth. You will play a crucial role in our success by executing on our mission to serve our clients and investors. This position will report to the Vice President, Special Assets and will oversee the foreclosure and REO process, along with property preservation efforts, ensuring compliance with legal and investor guidelines. This role involves managing foreclosure timelines, collaborating with attorneys and vendors, resolving title and property issues, and facilitating the sale of Real Estate Owned (REO) properties. The ideal candidate will possess strong analytical and organizational skills, expertise in foreclosure and property management, and a genuine desire to go the extra mile for our customers.

RESPONSIBILITIES FORECLOSURES

Work with servicers, investors, and attorneys to manage loans through the foreclosure process from start to finish.

Create and maintain a preferred Attorney Network and Attorney Scorecard to evaluate performance.

Responsible for timely processing of activities and responsiveness to ensure foreclosure timeline management is met.

Work within the foreclosure system Jonah Direct to ensure milestones are met and updates are made timely to properly track foreclosure timelines.

Be a subject matter expert in foreclosure in all states and become a foreclosure expert in the system of record, Jonah Direct.

Maintain and update various databases and spreadsheets that provide periodic management and investor reports relating to foreclosure management and attorney oversight.

Prepare for and attend portfolio meetings with Investors and provide foreclosure updates on loans.

Review loans to ensure all federal and state laws and regulations have been met and all investor requirements have been completed to refer the loans to foreclosure in a timely manner.

Act as primary liaison with all foreclosure attorneys, which includes reviewing monthly status reports, monitoring foreclosure timelines, and discussing accounts with various attorneys to ensure that all steps are being taken on up to 100 active foreclosures.

Make recommendations for receivership actions in foreclosure matters when appropriate.

Work with VP, Special Assets to elevate and hand off all litigation and bankruptcy matters.

In collaboration with VP, Special Assets, prepare bidding instructions for all sales in compliance with investor, insurer guidelines.

PROPERTY PRESERVATION AND REO

Complete legal follow‑ups and verify foreclosure sales are complete and process repossessions as necessary.

Ensure the property has a clear & marketable title at the end of the foreclosure process by reviewing the title search to confirm all required liens will be foreclosed out.

Monitor Vacant Property Loan Inventory to ensure a smooth transition to REO and release of mortgage liens.

File insurance claims for damaged assets.

Review, research, and help to resolve all title issues.

Monitor daily REO inventory to identify, escalate, and resolve delays.

Monitor REO inspection reports to identify squatters, vandalism, and property code violations.

Determine if repairs are to be made to the property and obtain bids to do so, managing the payment of invoices through the repair process.

Help facilitate the sale and closing of all Real Estate Owned properties (REO) by processing contracts and all other required documentation.

Work with REO Asset vendor to address and resolve all inspection issues.

Manage the eviction completion process on properties that have completed the foreclosure process and are considered REO properties.

Work with the VP Special Assets to determine list price.

Work with the VP Special Assets upon receipt of offers to determine if counter‑offer is necessary.

Prepare an equity evaluation showing sale proceeds and work with VP Special Assets to prepare offer for loan owner/investor.

Create and maintain a preferred Real Estate agent, property preservation and contractor network for REO properties.

QUALIFICATIONS Required

Bachelor's degree in finance, business, real estate, or a related field (a combination of education and foreclosure experience may be substituted at management's discretion). A paralegal certificate is a plus.

5+ years in foreclosure and property preservation management.

2+ years in REO management and oversight.

Knowledge of financial and credit analysis techniques.

Working knowledge of individual state foreclosure guidelines, calendars, and regulations.

Ability to read and interpret loan agreements and legal documents.

High attention to detail and ability to work independently while managing multiple deadlines and priorities.

Mindset and Character Deliver Extraordinary Client Experience

Demonstrate unwavering responsiveness and dedication to delighting clients at every touchpoint.

Take Responsibility

Be proactive, know what you are responsible for, act with integrity and follow through to the end.

Respond with Urgency and Care

Balance speed with quality, ensuring that every response is both timely and impactful.

Grow Together

Grow together through a culture of intellectual curiosity, collaboration and celebration.

Seniority level Associate

Employment type Full‑time

Job function General Business

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Medical insurance

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401(k)

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