Planet Management Group · 1 day ago
Asset Manager
Rochester, NY
Full-time
Onsite
Senior Level
5+ years expPlanet Management Group is recognized as a Top Mortgage Employer and is seeking an Asset Manager responsible for managing a portfolio of delinquent loans. The role involves coordinating loan repayments, analyzing borrowers’ financial positions, and negotiating workout solutions to prevent foreclosure.
Asset ManagementFinancial ServicesReal EstateReal Estate Brokerage
Hiring Manager
Alicia Mehrer
Responsibilities
Performs account management of non-performing loans and REO ensuring defined financial targets are reached
Interacts with delinquent mortgage customers in an effort to reduce losses and cure accounts via telephone, mailings and other one to one contacts
Develops loss mitigation strategies to improve performance benchmarks
Contacts borrowers throughout life cycle of loan to facilitate delinquency resolution strategy where applicable
Evaluates borrower financial information to determine likelihood of loss mitigation, workout and recommend alternatives to foreclosure
Makes recommendations when loan size exceeds authorized charge-off limits
Ensures adherence to policies and procedures for loan restructuring and rehabilitation
Provides guidance and training to collection team
Audits all or part of loan portfolios to appraise the portfolio’s credit quality, policy adherence, and degree of risk
Analyzes and applies appropriate strategies on individual accounts to successfully mitigate potential losses the company may suffer
Monitors daily cues consisting of forbearance agreements, pending modifications, pending short sales and Deeds in Lieu
Reviews and critiques appraisals and BPO’s for establishing values
Interacts with foreclosure, bankruptcy and collection departments to enhance understanding of asset specific issues, as applicable
Assists Portfolio Manager or Senior Management as needed with special projects or reporting. Reconciliation of asset valuation, including review of BPO’s, appraisals, AVM’s to determine true asset reconciled value
Performs other duties as assigned
Qualification
Required
Bachelor's degree or equivalent related work experience required
High school diploma or GED required
Minimum 5 years of experience in Mortgage Collections with a heavy emphasis on Loan Workouts, Bankruptcy/Foreclosure processes
Prior experience in dealing with more complex collection problems and inquiries required
Proficient in Excel, Word and Access
Effective written and verbal communication skills as well as excellent organizational skills
Ability to work in with deadlines with accuracy
Strong PC skills in Microsoft Office and Microsoft Project
Benefits
3 comprehensive Cigna or Kaiser medical plans
Dental
Vision insurance
Short term and long-term disability insurance
Basic life insurance
401(k)
11 employer paid holidays
Supplemental benefits to include life insurance
Critical illness and accident plans
Company
Planet Management Group
PMG is an asset management firm that offers real estate brokerage, auction, and title services.
11-50 employees
Funding
Current Stage
Early StageRecent News
2025-10-03
2025-08-27
2025-08-26
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