Asset Resolution Counsel
- Istanbul, Turkey
Posted 27 days ago
About the role
About World Business Lenders
World Business Lenders (WBL) provides general purpose short-term real estate collateralized commercial loans to a broad customer base comprised of small and medium sized businesses throughout the United States that lack access to traditional funding. WBL services its loan portfolio and loan portfolios for third parties, specializing in the management of non-performing loan pools and REO.
Overview
- The Asset Resolution Counsel is responsible for leading the legal strategy, portfolio management, and resolution efforts for a portfolio of non-performing commercial loans secured primarily by real estate. This role serves as a strategic business partner responsible for maximizing recoveries while minimizing legal risk, loss severity, and resolution timelines.
- Working collaboratively with internal stakeholders, outside counsel, loan servicing teams, and borrowers, the Asset Resolution Counsel develops and executes resolution strategies through negotiation, restructuring, litigation, foreclosure, bankruptcy, receivership, REO disposition, and other loss mitigation initiatives.
- This position requires sound legal judgment, strong financial and analytical skills, and the ability to balance business objectives with legal and regulatory compliance.
Essential Functions:
- Manage and monitor a non-performing real estate collateralized commercial loan portfolio, including REO, toward most effective and efficient resolution
- Supervise, train and develop Asset Resolution Department staff
- Conduct proactive and effective portfolio management in accordance with established performance standards
- Monitor and manage commercial litigation/bankruptcy/foreclosure activities, functions and deadlines
- Direct/monitor/liaise with in-house and outside attorneys, collection agencies and other vendors that support the loss mitigation effort
- Interact with customers and their counsel
- Negotiate and propose settlement agreements and bidding instructions
- Monitor loss mitigation workout performance and loss severity trends
- Implement and communicate loss mitigation decisions
- Maintain delinquency and loss mitigation reporting, including trend analysis and assessment
- Conduct comprehensive analysis of debtors' financial position, credit status, personal background, and historical payment performance
- Facilitate negotiation and conflict resolution
- Perform extensive quarterly review of portfolio being managed to confirm or reassess recovery estimates
- Monitor related expenses (taxes, maintenance, utilities, fees, etc.) and timely propose protective advances
- Participate in budget preparation for the Asset Resolution Department. Other projects and duties as assigned.
Requirements
- Education:
- Law degree (from a nationally accredited U.S. law school is preferred).
- Experience:
- Experience working in commercial litigation, bankruptcy, foreclosure, and real estate loss mitigation
- Experience successfully managing non-performing loan (NPL) pools and REO portfolios
- Experience supervising, developing, and mentoring case management staff
- Litigation experience and familiarity with litigation management tools
- Experience working for a U.S.-based company.
Key Soft Skills:
The ideal candidate will demonstrate:
- Strategic Decision Making
- Commercial Lending & Real Estate Expertise
- Portfolio & Risk Management
- Financial Analysis & Business Acumen
- Litigation & Bankruptcy Management
- Negotiation & Conflict Resolution
- Leadership & Team Development
- Vendor & Outside Counsel Management
- Executive Communication & Presentation Skills
- Data-Driven Decision Making
- Process Improvement & Operational Excellence
- Exceptional Written and Verbal English Communication Skills
- Professional, Personable, and Customer-Focused Interpersonal Skills
- Sound Judgment, Integrity, and Accountability
Technical Skills:
The successful candidate should demonstrate proficiency in the following:
- Strong proficiency in Microsoft Office Suite, particularly Excel (pivot tables, formulas, data analysis, and reporting), Word, Outlook, and PowerPoint.
- Experience working with loan servicing systems, case management platforms, or asset management software used to administer commercial loan portfolios.
- Ability to interpret and analyze:
- Promissory Notes
- Mortgages and Deeds of Trust
- Loan Agreements
- Guaranties
- UCC filings
- Assignments of Rents
- Security Agreements
- Title commitments and title policies
- Familiarity with commercial foreclosure, bankruptcy, receivership, and litigation management platforms.
- Experience reviewing and analyzing:
- Property valuations and appraisals
- Environmental reports
- Financial statements and tax returns
- Business cash flow
- Borrowing base reports
- Credit reports
- Ability to prepare and evaluate:
- Recovery analyses
- Settlement recommendations
- Litigation budgets
- Protective advance requests
- Reserve analyses
- Working knowledge of PACER, state and federal court docket systems, Secretary of State business entity databases, UCC filing systems, county land records, and tax assessor websites.
- Experience utilizing business intelligence and reporting tools to monitor portfolio performance, recovery trends, legal spend, and key performance indicators (KPIs).
- Familiarity with eDiscovery, electronic document management systems, and secure document sharing platforms.
- Experience working with Monday.com, Salesforce, SharePoint, or similar workflow/project management systems is preferred.
- Ability to leverage AI-assisted legal research, document review, contract analysis, and productivity tools (such as Microsoft Copilot, ChatGPT Enterprise, Westlaw Precision AI, or Lexis+ AI) while maintaining attorney judgment and confidentiality.
- Strong understanding of data security, confidentiality, and regulatory requirements applicable to commercial lending and legal operations.
Work Requirements
- Must be available to work Monday–Friday, 9:00 AM – 6:00 PM Eastern Time.
- Must have a stable internet connection and professional remote working setup.
- Resume must be submitted in English to be considered.
Benefits
What We Offer
USD compensation
️ Paid Time Off (PTO)
Fully remote — work from wherever you do your best work!
Ready to Apply?
If this sounds like you, we'd love to hear from you - submit your CV in English and hit Apply!