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REO Asset Manager

Company: PPR Note Co.
Location: Berwyn
Posted on: September 14, 2019

Job Description:

Job descriptionWhat We Do at PPR Note Co! PPR has been in the mortgage advisory and fund management business since 2007. We act as advisors to several related investment funds that acquire distressed residential debt nationwide. PPR's funds manage 1st and 2nd mortgages (Notes), as well as properties (REO). Our goal is to bring investors unique opportunities to build wealth and create passive income through investing in our real estate funds. We accomplish our objectives by asking one of our core values questions "How Can I". Our values guide us to think creatively, excel above and beyond and to have spirited fun on our pursuit of performance for our business, clients, employees and community. ------ Assess risk and manage all aspects of the marketing and sales of PPR REO assets, including formulating marketing plans based on recent research, negotiating sales and contract execution with consideration of keeping risk minimal to PPR and maximizing sales results and profitability. Develop and maintain a solid network of relationships with Investors, Realtors, Contractors, Attorneys, Brokers, Asset Management and Property Preservation companies while adhering to investor compliance, state & federal code compliance and overseeing expense related issues for assets to maximize return on investment. How you will fulfill your Potentialanage, market and dispose of a portfolio of fund owned residential assets throughout the United StatesEngage with designated third-party vendors to design and timely marketing plans, listing strategies, review list prices, evaluate offers, and manage property expenses------------------Evaluate Broker Price Opinions and/or Appraisals relative to recommended marketing plans submitted by designated vendor. Review all BPOs to determine list prices, offer approval, and list price reductions when applicableKnowledge/ability to build BPOs utilizing Red Bell, House Canary or similarProduce market and asset analytics reporting leveraging all available data sources and accumulated expertise in residential real estate and REOEnsure that the most economically beneficial marketing plans are implemented for the investor and or client, managing to strict timelinesNegotiate sales price and contract terms on all offers to mitigate losses and ratify contracts on behalf of the corporation based on attainment of appropriate internal guidelinesReview and approve discretionary expenditures based on approved strategies to ensure compliance with corporate expense guidelines and delegated authority------------------Identify courses of action relating to possible financial exposures resulting from possible hazardous issues------------------Communicate with a variety of third-party providers and Title companies------------------Contributes to the on-going improvement of the REO process through sharing ideas, best practices and process improvements with other PPR team members --RESPONSIBILITIES AND QUALIFICATIONS------------------BA/BS degree from an accredited institution------------------5-8 years of experience with residential real estate and REO (license not required)------------------5 years+ knowledge of the property rehab and construction process including working with contractors and other third-party providers to control expense and maximize asset value------------------Solid project management experience and highly organized------------------Intermediate Microsoft Excel and general database/CRM sales system skills------------------Exposure to and broad understanding of the US residential real estate market, including conditions, trends and external forces affecting asset value and profitability------------------Preferred: prior career experience in residential real estate (particularly REO asset management) or ------------------Key skills required for success: Data Skills, Networking Skills, General Contractor Knowledge, Valuation Skills, Project Management Experience------------------Flexibility to travel to see/audit property projects in process

Keywords: PPR Note Co., Philadelphia , REO Asset Manager, Executive , Berwyn, Pennsylvania

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