Asset Resolution Counsel
world business lendersNew York, NY
Asset Resolution Counsel
world business lendersNew York, NYManager L7
Other Activities Related to Credit IntermediationReal Estate CreditInternational, Secondary Market, and All Other Nondepository Credit Intermediation
APPLY NOWAbout 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 Counselis responsible forleading 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, lossseverity, 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.
Thisposition requires sound legal judgment, strong financial and analytical skills, and the ability to balance businessobjectiveswith 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
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.
Education: Law degree (from a nationally accredited U.S. law school ispreferred).
Experience:
Experience working in commercial litigation, bankruptcy, foreclosure, and real estate loss mitigation
Experience successfully managing non-performing loan (NPL) pools and REO portfolios
Experience supervising, developing, and mentoring case management staff
Litigation experience and familiarity with litigation management tools
Experience working for a U.S.-based company.
Key Soft Skills: The ideal candidate willdemonstrate:
Strategic Decision Making
Commercial Lending & Real Estate Expertise
Portfolio & Risk Management
Financial Analysis & Business Acumen
Litigation & Bankruptcy Management
Negotiation & Conflict Resolution
Leadership & Team Development
Vendor & Outside Counsel Management
Executive Communication & Presentation Skills
Data-Driven Decision Making
Process Improvement & Operational Excellence
Exceptional Written and Verbal English Communication Skills
Professional, Personable, and Customer-Focused Interpersonal Skills
Sound Judgment, Integrity, and Accountability
Technical Skills: The successful candidate shoulddemonstrateproficiencyin the following:
StrongproficiencyinMicrosoft Office Suite, particularly Excel (pivot tables, formulas, data analysis, and reporting), Word, Outlook, and PowerPoint.
Experience working withloan servicing systems, case management platforms, or asset management software used to administer commercial loan portfolios.
Ability to interpret and analyze:
Promissory Notes
Mortgages and Deeds of Trust
Loan Agreements
Guaranties
UCC filings
Assignments of Rents
Security Agreements
Title commitments and title policies
Familiarity withcommercial foreclosure, bankruptcy, receivership, and litigation management platforms.
Experience reviewing and analyzing:
Property valuations and appraisals
Environmental reports
Financial statements and tax returns
Business cash flow
Borrowing base reports
Credit reports
Ability to prepare and evaluate:
Recovery analyses
Settlement recommendations
Litigation budgets
Protective advance requests
Reserve analyses
Working knowledge ofPACER, state and federal court docket systems, Secretary of State business entity databases, UCC filing systems, county land records, and tax assessor websites.
Experienceutilizingbusiness intelligence and reporting toolstomonitorportfolio performance, recovery trends, legalspend, and key performance indicators (KPIs).
Familiarity witheDiscovery, electronic document management systems, and secure document sharing platforms.
Experience working withMonday.com, Salesforce, SharePoint, or similar workflow/project management systemsis preferred.
Ability toleverageAI-assisted legal research, document review, contract analysis, and productivity tools(such as Microsoft Copilot, ChatGPT Enterprise, Westlaw Precision AI, or Lexis+ AI) whilemaintainingattorney judgment and confidentiality.
Strong understanding of data security, confidentiality, and regulatory requirements applicable to commercial lending and legal operations.
Work Requirements
Must be available to work Monday–Friday, 9:00 AM – 6:00 PM Eastern Time.
Must have a stable internet connection and professional remote working setup.
Resume must besubmittedin English to be considered.
What We Offer: USD compensation
Paid Time Off (PTO)
Fully remote — work from wherever you do your best work!
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Level
Manager L7
Location
New York, NY
Occupation
Credit Counselors
Industry
Other Activities Related to Credit Intermediation
Posted
2 days ago