Associate, Asset Management Residential Default

Associate, Asset Management Residential Default

WH is seeking an Associate, Asset Management Residential Default to drive positive outcomes for the non-performing residential mortgages and related products held by the firm. The ideal candidate will bring hands-on foreclosure and bankruptcy experience and will build expertise across the full asset management lifecycle, from due diligence through disposition, across multiple product types.

This position will oversee servicer and foreclosure attorney performance on default files. The primary focus is foreclosure, bankruptcy, and contested or litigated matters. The Associate will also support loss mitigation, title curative, property strategy, and collateral processes, including the holding, assignment, and transfer of mortgage loans and REO.

The position requires in-depth knowledge of foreclosure and bankruptcy practices, default servicing, and state and federal regulations. The Associate will work with the trading team on pre-bid and post-trade due diligence analysis. The Associate will also help coordinate and monitor 3rd party vendors so that accurate mortgage information is documented and sent to servicers on time.

Responsibilities

Monitor foreclosure timelines against state and investor benchmarks; identify delays and drive resolution with servicers and attorneys

Review and approve foreclosure bids, holds, and postponements

Oversee foreclosure attorney firm performance; evaluate and coordinate file transfers between firms as needed

Coordinate bankruptcy activity, including automatic stay, proofs of claim, and motions for relief, and manage contested foreclosure files with outside counsel

Track FHA, VA, and USDA claim and conveyance deadlines to protect insurance and guaranty recoveries

Manage post-sale activity, including deficiency, redemption periods, eviction, and REO transition

Perform portfolio oversight functions to improve performance, create optimal strategies, and maximize economic execution

Identify issues in due diligence risk scoring of new trades, including but not limited to title, collateral, default servicing practices, and property issues

Review assets that meet repurchase criteria and consolidate and document them for repurchase submission, if applicable; coordinate internally and with counterparties on reprices and repurchases

Assist in managing vendors and servicers so that the required collateral documents are in place for buy and sell transactions and assignment chains are reported and completed on time

Proactively manage title exceptions and determine curative strategies

Assist in defining budgets and strategies for escalated files

Monitor Key Performance Indicators (KPI) and Service Level Agreements (SLA) and drive resolution on items that fall outside of tolerance

Partner with the VWH Analytics team to create and maintain vendor and asset-level scorecards to proactively monitor performance

Review reporting from vendors, custodians, and servicers to confirm performance meets agreed-upon service levels

Stay current on state and federal regulations and recent case law affecting foreclosure, bankruptcy, and default servicing

Prepare and analyze reports for Senior Management review

Prepare policies and procedures for Senior Management review

Other duties as assigned

Qualifications

Minimum of 4 years of default servicing experience, including at least 2 years directly managing foreclosure and/or bankruptcy files

• That experience must cover both judicial and non-judicial foreclosure, foreclosure attorney oversight, and contested files

Working knowledge of mortgage servicing and associated systems such as LPS, Black Knight, MSP, and Pyramid

Familiarity with mortgage loan collateral documents, especially notes, title policies, title reports, title commitments, and assignments and endorsements

Ability to create policies and procedures and suggest areas to improve

Ability to combine data from multiple sources into a single report

Ability to work independently and be a self-starter

Strong client services skills and the ability to work as part of a team with internal and external counterparties

High sense of urgency, accountability, attention to detail, prioritization skills, and organization

Strong working knowledge of MS Office Suite, especially Excel, Word, and Outlook

Working knowledge of AI tools and business intelligence platforms, with experience applying them to analyze portfolio data, automate reporting, and improve workflows

Ability to work in the Uptown Dallas office

Preferred Qualifications (not required but a plus)

Background at a default servicer or foreclosure law firm

Experience with judicial-state foreclosures

Property preservation, real estate valuation, and REO experience

Experience with business purpose loans and early buyout (EBO) loans

Additional Information

VWH offers competitive compensation including base salary and a discretionary performance bonus. VWH has a compelling benefits package, including medical, dental, and vision insurance, a 401(k) plan, and generous paid time off.

VWH Capital Management, LP is an equal opportunity employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic prohibited by applicable law.