Selene Holdings is a multiple-lines business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage, and a real estate owned company. We have office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT. Founded in 2007 to address needs in the mortgage industry, Selene strives to provide amazing client and borrower experiences. A positive attitude coupled with proven creative thinking and actions are all attributes we seek in every one of our employees. If you want to make a difference, then Selene is the place for you!
The Senior REO Specialist plays a critical role in maximizing recovery on real estate owned (REO) assets by managing the disposition process from acquisition through sale. This position is responsible for overseeing a portfolio of properties, coordinating with internal stakeholders and third-party vendors, analyzing property valuations, and executing asset disposition strategies that optimize investor returns while minimizing expenses and risk.
In addition to portfolio management responsibilities, the Senior REO Specialist serves as a market owner within assigned geographic territories, developing expertise in local market conditions, broker networks, and regional disposition strategies. We are specifically seeking regional market expertise in New York, New Jersey, California, Illinois, and Florida, with individual Senior REO Specialists expected to support one or more assigned markets based on business and portfolio needs.
The role requires regular interaction with field partners and periodic property inspections to ensure assets are being managed appropriately and service providers are meeting performance expectations.
Success in this role requires strong analytical abilities, effective vendor and timeline management, attention to detail, and a thorough understanding of the mortgage servicing and default environment. The ideal candidate is a proactive problem solver who can effectively manage multiple priorities in a fast-paced setting while ensuring compliance with company policies and applicable regulatory requirements.
Essential Responsibilities
Manage the disposition of a portfolio of REO assets throughout the asset lifecycle.
Review appraisals, broker price opinions (BPOs), and market data to determine asset values and recommend disposition strategies.
Develop and execute sales strategies that maximize investor recovery while minimizing carrying costs and losses.
Coordinate and oversee third-party vendors, including real estate agents, attorneys, preservation companies, and other service providers.
Monitor asset timelines to ensure timely listing, marketing, sale, and disposition activities.
Track portfolio performance and ensure the timely receipt and distribution of reports and documentation.
Identify process improvement opportunities and recommend operational enhancements.
Maintain compliance with investor guidelines, company policies, and applicable federal and state regulations.
Stay informed on industry trends, regulatory changes, and best practices within mortgage servicing and REO operations.
Conduct onsite property inspections, including scheduled and potentially unannounced site visits, to evaluate property condition, assess marketability, verify occupancy status, and ensure assets are being maintained appropriately.
Evaluate the performance of local agents, brokers, preservation vendors, and other third-party service providers through both portfolio oversight and field observations, escalating concerns and recommending corrective actions as necessary.
Develop and maintain expertise in assigned geographic markets, with a particular focus on New York, New Jersey, California, Illinois, and Florida, including local real estate conditions, broker and vendor networks, pricing trends, and market dynamics that may impact asset disposition strategies.
Serve as a market owner for assigned territories, providing regional…