Portfolio Management Associate

Overview

Manage delinquent loans, oversee collections, workouts, and foreclosures.

Key Responsibilities

• loan workout
• financial analysis
• portfolio monitoring
• collection management
• foreclosure process
• borrower liaison

Tasks

Renovo’s Portfolio Management Associate is responsible for portfolio monitoring and managing through troubled loan situations. The Portfolio Management Associate serves as the primary point of contact for borrowers and is responsible for managing loans from early-stage delinquency through foreclosure sale. This role requires an assertive, highly collaborative professional who thrives in a fast-paced environment and can communicate effectively with diverse stakeholders, including borrowers, attorneys, and senior leadership. The associate will lead collection efforts, loss mitigation efforts, and negotiate/implement workout strategies, and ensure timely resolution of troubled loans while maintaining strong borrower relationships. The Portfolio Management Associate will report to Renovo’s VP of Portfolio Management. -Serve as the dedicated liaison for assigned borrowers, ensuring consistent and transparent communication throughout the delinquency and foreclosure process. -Negotiate and implement loan workouts, restructures, and extensions. -Track project completion status to ensure successful loan exits -Analyze borrower financial statements, cash flow, and real estate proformas to assess repayment ability and prepare professional written analyses. -Hold borrowers and internal teams accountable to milestones and timelines for workout and foreclosure processes. -Collaborate with internal teams, General Counsel, Foreclosure Counsel, and default service providers to maximize recovery and minimize losses. -Proactively manage loans from early-stage delinquency through foreclosure sale, including borrower outreach, financial reviews, and action plan development. -Collection activities on portfolio delinquencies past grace period dates. -Identify problem loans, maintain watchlists, and conduct special reviews as needed.

Requirements

• mortgage servicing
• mortgage lending
• negotiation
• analytics
• excel
• problem solving

What You Bring

Portfolio Management Associate -Minimum 2 years in mortgage servicing (residential or business purpose), collections, finance, banking, or real estate credit, with exposure to workouts and special situations. -Intermediate understanding of mortgage lending, restructuring, and financial deal structuring. -Strong negotiation and communication skills, with the ability to tailor messaging to diverse audiences. -Analytical ability to synthesize data and provide concise recommendations. -Proficiency in Microsoft Excel and Word; tech-savvy and quick to learn new systems. -Professional presence, excellent organizational skills, problem-solving mindset, and ability to manage multiple priorities in a dynamic environment.

People Also Searched For

About Renovo Financial

-Founded with a mission to offer customized financing solutions to real estate investors and developers. -Specializes in funding for residential and commercial property renovations, developments, and projects. -Offers flexible loan structures tailored to the unique needs of the real estate sector. -Provides financial options to help investors maximize returns and streamline property transactions. -Possesses expertise in real estate lending, making it a trusted partner for large-scale renovation projects. -Focuses on providing quick access to capital for time-sensitive property opportunities. -Known for a transparent, hands-on approach in guiding clients through the financial process. -Works with both seasoned developers and those new to the real estate market.

Sector Specialisms