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REO Asset Specialist

City: Ewing
State/Territory: US-NJ


Who is Cenlar?


You are.


Employee-owners have made Cenlar one of the nation’s largest mortgage subservicers. We have achieved success by empowering people with company ownership, real programs that provide avenues for advancement, and a great atmosphere that makes everyone look forward to the workday. Get your share of our success by considering the opportunity to join our team as a REO Asset Specialist.



  • Work in conjunction with investors, attorneys and realtors, vendors and title companies.

  • Manage a portfolio of distressed REO assets including monitoring the vendor and property rehab/ preservation.

  • Review, analyze, and reconcile property appraisals and broker price opinions.

  • Develop marketing strategies that will maximize sale proceeds and time.

  • Monitor repairs, review bids, and ensure final cost does not exceed amount approved by client.

  • Work with client and vendor to negotiate.

  • Collect, review, process, and negotiate purchase agreements, counter offers, price reductions and listing extensions.

  • Cure title defects, confirm POA, corporate resolutions and deeds are properly drafted, executed and delivered.

  • Ensure timely closings; work with company and vendor to ensure clear title to minimize closing delays.

  • Work with internal staff and external vendors to ensure REO management timelines are consistently met.

  • Accurately document all events and actions and update steps timely for reporting

  • Strictly adhere to timelines and performance standards

  • Demonstrate creativity and adaptability in order to resolve issues.

  • Work directly with the client to proactively manage their risks.

  • Make sound business decisions based on the best interests of the clients

  • Other duties as assigned.



  • High school education

  • 2-3 years asset management or real estate experience

  • Excellent verbal and written communication skills

  • Comprehensive understanding of title process, Real Estate Practices and contracts, Law and Financing

  • Detail oriented and ability to efficiently prioritize

  • Proficiency in Microsoft Office Suite


Total Rewards:

Cenlar FSB offers outstanding benefits which may include paid medical/dental/life insurance, 401k, employee ownership, tuition assistance, a supportive work environment, and genuine opportunities for advancement. Cenlar is a Drug Free Workplace and an Equal Employment Opportunity/Affirmative Action Employer -- M/F/D/V/SO.


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