Selene Finance LP · 14 hours ago
VP - RTL Asset Sr. Manager
Minneapolis, MN
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expSelene Finance LP is a financial services firm specializing in mortgage servicing and related areas. They are seeking a Vice President of RTL Asset Management who will oversee default servicing functions and manage various responsibilities related to loss mitigation and asset management.
FinanceFinancial ServicesLeasing
Responsibilities
Ultimately develop, track and monitor rehab and draw process – strategy change, status change and project progress
Review all extensions and determine if extension policy is being adhered to
Monitor delinquent assets and help drive Loss Mitigation options with servicers
Conduct value reconciliation on assets to identify potential risk
Conduct loss analysis assessments on delinquent assets and be able to present this to upper management
As the subject matter expert, create best practice guidelines, both internally and externally
Create exception reporting to proactively identify potential risky assets, in addition to building out necessary controls to minimize loss
Determine watchlists and ‘stop lending’ events/borrowers
Forward facing with the trading desk and transaction management as the subject matter expert
Bid and acquisition diligence for New Origination and NPL purchases as needed
Conduct monthly QC to make sure draws are disbursed appropriately
Monitor and evaluate financial performance of large borrowers (Quarterly covenants review)
Review loss mitigation transactions for approval or denial to ensure consistency, accuracy, and quality
Conduct asset level reviews for loans outside of acceptable timelines and drive resolution strategies / practices
Proactively review problem accounts with servicers and monitor to a quick resolution
Actively participate in monthly loss mitigation performance meetings and provide insight for improvements and current trends
Collaborate closely with internal teams and servicers to identify and create procedural changes and system enhancements; Recommend operational improvements and assist in implementation
Remain current on all default processes and regulatory changes and their impacts on borrowers and servicing practices
Create internal policy and procedures and ensure proper controls are in place to oversee multiple servicers and originators
Qualification
Required
Minimum of 10+ years Mortgage experience in at least 3 or more of the following areas: RTL/Fix and Flip Experience, Collections, Loss Mitigation
Expert knowledge of RTL/Fix and Flip loans
Advanced knowledge of Foreclosure and Bankruptcy Processes
Solves problems with a sense of recognizing opportunities, understanding risks, and acting quickly to overcome obstacles and reach a solution. Must be detailed oriented and consistently maintain a high level of quality and accuracy in their work
Ability to work independently with minimal direct supervision and effectively communicate with multiple servicers on a constant basis to achieve stated objectives
Ability to organize, prioritize and allocate workload for optimum efficiency
Ability to resolve conflict appropriately and effectively resolve problems
Strong team player with a high level of professionalism
Preferred
Working knowledge of servicing systems, such as LPS, MSP, BlackKnight is a plus
Benefits
Paid Time Off (PTO)
Medical, Dental & Vision
Employee Assistance Program
Flexible Spending Account
Health Savings Account
Paid Holidays
Company paid Life Insurance
Matching 401(k) Plan
Company
Selene Finance LP
Founded in 2007, Selene was created to provide loan resolution strategies for distressed mortgage investment portfolios.
501-1000 employees
H1B Sponsorship
Selene Finance LP has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (5)
2024 (7)
2023 (1)
2022 (4)
2021 (5)
2020 (1)
Funding
Current Stage
Late StageLeadership Team
James N. Vinci
CHIEF TECHNOLOGY OFFICER
Robert L.
Chief Financial Officer
Recent News
HousingWire.com
2025-05-17
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