Asset Resolution Counsel (Lawyer) - Mexico City, Mexico (Xico)

Asset Resolution Counsel (Lawyer) - Mexico City, Mexico (Xico)

01 ago
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World Business Lenders
|
Xico

01 ago

World Business Lenders

Xico

World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base of small and medium sized businesses throughout the United States that lack access to traditional funding.
WBL is a U.S. based company with a 100% remote workforce.
This is a remote Contract/Consultant position.
Generally, working hours will be 9:00am-6:00pm Eastern, Monday through Friday, although hours worked may be greater based upon operational requirements.
The job requires excellent oral and written command of the English language.
**Resumes must be submitted in English.
**
**Location**:
- 100% Remote for Turkey, LATAM and India
**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
- Monitor loss mitigation workout performance and loss severity trends
- Implement and communicate loss mitigation decisions
- Maintain delinquency and loss mitigation reporting, including trend analysis and assessment




- Conduct comprehensive analysis of debtors' financial position, credit status, personal background, and historical payment performance
- Facilitate negotiation and conflict resolution
- Perform extensive quarterly review of portfolio being managed to confirm or reassess recovery estimates
- Monitor related expenses (taxes, maintenance, utilities, fees, etc.) and timely propose protective advances
- Participate in budget preparation for the Asset Resolution Department
- Other projects and duties as assigned.
**Requirements**:
- Law degree (from a nationally accredited U.S. law school is a must)
- Experience working in commercial litigation/bankruptcy/foreclosure/real estate loss mitigation
- Demonstrated ability to successfully manage non-performing loan pools and REO
- Experience supervising/developing/mentoring a case management staff
- Litigation experience and familiarity with litigation management tools
- Strong organization, decision-making and negotiation skills
- Strong knowledge of applicable U.S. legal/regulatory guidelines, including bankruptcy and foreclosure
- Demonstrated analytical and reasoning skills, and innovative approach to solving both practical and theoretical problems
- Strong work ethic with ability to thrive in a dynamic, deadline-driven environment
- You must have your own laptop or desktop to use (the company does not supply equipment)
- Excellent English fluency and communication skills, both written and verbal
**Benefits**- Contract/Consultant position
- 100% WFH
- USD salary
- PTO available

📌 Asset Resolution Counsel (Lawyer) - Mexico City, Mexico (Xico)
🏢 World Business Lenders
📍 Xico

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