Job Details

Asset Manager

Department: Asset Management

Employment Type: Full Time

Location: Bloomington, MN

Reporting To: EVP - Asset Management & Service Oversight

Compensation: $115,000 - $125,000 / year

Description

We are seeking a strategic and results-oriented Asset Manager to become a member of the team that manages surveillance and decisioning pertaining to loss mitigation, foreclosure, bankruptcy, litigation and REOs. This role requires a high level of ownership and independent problem-solving, with a focus on optimizing outcomes and driving continuous improvement. The ideal candidate will bring subject matter expertise, analytical rigor, and a process-focused mindset to oversee servicer performance, identify inefficiencies, and enhance portfolio results. This position is highly cross-functional and requires strong leadership, proven expertise in evaluating and summarizing processes and systems, and the ability to translate data and complexity into action.

Responsibilities and Duties:

Asset Oversight & Servicer Management

• Act as a primary point of contact with servicers and external counsel.
• Work in partnership with servicers to develop tools and processes that achieve desired outcomes.
• Lead monthly servicer portfolio review meetings and ensure effective communication.
• Develop and implement performance metrics, dashboards, and reporting to guide decision-making.
• Ensure timely and compliant servicer actions; proactively address delays and inefficiencies.

Process Improvement & Risk Management

• Review and redesign processes internally and with the servicer to address root causes and improve consistency
• Identify risks in legal or servicing processes and implement long-term solutions
• Build scalable frameworks for repeatable, efficient asset management execution.

Education and Experience:

• Bachelor's degree required; advanced degree is a plus.
• 5+ years of experience in asset management, servicing oversight, or related areas.
• Expertise in loss mitigation, foreclosure, bankruptcy, REO and litigation practices, including experience reading and interpreting legal documents.
• Expertise in evaluating processes to identify root causes of volatility.
• Experience working with third-party servicers, legal counsel, and cross-functional teams.
• Advanced Excel skills required - including ability to represent scenarios efficiently in Excel; SQL proficiency or willingness to learn preferred.

Key Competencies:

• Leadership & Ownership: Takes full ownership of asset performance and outcomes. Leads with initiative and follows through with minimal direction.
• Analytical Expertise: Strong understanding of processes, documentation, and loan servicing. Highly analytical; comfortable interpreting data and making data-driven decisions.
• Strategic & Systems Thinking: Able to zoom out to process-level thinking while executing at the loan level. Focused on root cause resolution and building long-term, scalable solutions.
• Communication & Influence: Skilled at translating complex processes and servicing issues into clear, actionable steps. Able to influence internal and external stakeholders effectively.
• Process Design & Continuous Improvement: Passion for building and refining processes in evolving environments. Seeks to reduce volatility and improve outcomes across asset management functions.

How This Role Demonstrates Our Values:

• Integrity: Ensures compliance, accuracy, and ethical oversight across all matters.
• Collaboration: Builds productive partnerships across legal, servicing, and internal teams.
• Excellence: Drives process rigor and accountability to enhance loan outcomes.
• Critical Curiosity: Questions current processes, identifies inefficiencies, and proposes innovative solutions.

Benefits

• Great compensation package, including competitive base pay
• Discretionary annual bonus opportunity
• Attractive benefits plans and paid time off, including sick time
• 401(k) with company matching
• Professional learning and development opportunities
• Tuition reimbursement
• And much more!

Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.

Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.

All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.

Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person's race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person's disability or medical condition.