What are the responsibilities and job description for the Asset Manager position at Rocket?
Senior Asset Manager
Job Summary
The position of Sr. Asset Manager involves managing portfolios of non-performing residential and commercial loans with a focus on minimizing losses and ensuring compliance. This role requires expertise in loss mitigation, foreclosure, bankruptcy, litigation, and regulatory adherence.
Responsibilities
Our team members fuel our strategy, innovation and growth, so we ensure the health and well-being of not just you, but your family, too! We go above and beyond to give you the support you need on an individual level and offer all sorts of ways to help you live your best life. We are proud to offer eligible team members perks and health benefits that will help you have peace of mind. Simply put: We’ve got your back. Check out our full list of Benefits and Perks.
About Us
Rocket Mortgage® was founded in 1985. Today, we’re a Detroit-based, publicly traded company with a mission to Help Everyone Home. At Rocket Mortgage, we believe that home is more than the house you live in. Our wide variety of home loan options, tools and resources empower our clients to achieve their homeownership dreams. We’re known as experts in the mortgage industry, but we’re also innovators – we strive to create the best experiences for our clients from beginning to end. And we’re not your typical employer. We’re insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. Apply today to join a team that offers career growth, amazing benefits and the chance to work with leading industry professionals.
This job description is an outline of the primary responsibilities of this position and may be modified at the discretion of the company at any time. Decisions related to employment are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. The company provides reasonable accommodations to qualified individuals with disabilities in accordance with applicable state and federal laws. Applicants requiring reasonable accommodations in completing the application and/or participating in the application process should contact a member of the Human Resources team, at Careers@Rocket.com.
The compensation information below is provided in compliance with all applicable job posting disclosure requirements. The compensation for this position is $70,000-$135,000.00. The position may also be eligible for an annual bonus, incentives, and other employment-related benefits including, but not limited to, medical, dental, and vision benefits, 401K retirement plan, and paid-time off. More information regarding these benefits and others can be found here. The information regarding compensation and other benefits included in this paragraph is the company’s current, good faith estimate at the time of posting. [Compensation and benefits are subject to modification from time to time as the Company, in its sole and exclusive discretion, deems appropriate.] The Company may determine during its future reviews of the proposed compensation and benefits provided for this position, that the compensation and benefits for such position should be reduced. In no event will the Company reduce the compensation for the position to a level below the applicable jurisdictional minimum wage rate for the position. Los Angeles County and San Francisco Candidates only: qualified applicants with arrest or conviction records will be considered for employment per the Fair Chance Ordinance and the Fair Chance Initiative for Hiring.
Job Summary
The position of Sr. Asset Manager involves managing portfolios of non-performing residential and commercial loans with a focus on minimizing losses and ensuring compliance. This role requires expertise in loss mitigation, foreclosure, bankruptcy, litigation, and regulatory adherence.
Responsibilities
- Facilitate loss mitigation and loan workout options, including modifications, repayment plans, forbearance agreements, short sales, deeds-in-lieu, discounted payoffs, cash cures, and other approved solutions.
- Manage loans involved in foreclosure, bankruptcy, litigation, and liquidation by coordinating with attorneys, servicers, vendors, and internal stakeholders.
- Review documentation, conduct due diligence, monitor portfolio risks, and recommend strategies that improve recovery outcomes and support timely resolution.
- Prepare portfolio reporting, status updates, and resolution recommendations for management and key stakeholders while identifying process improvements.
- Ensure all activities comply with applicable investor guidelines, servicing requirements, and federal, state, and agency regulations.
- 7 years of experience in residential and/or commercial real estate, asset management, loss mitigation, non-performing loan workouts, foreclosure, bankruptcy, and related litigation.
- Bachelor's degree in Finance, Real Estate, Business, or a related field; advanced degree or equivalent industry experience preferred.
- Currently NMLS licensed or eligible to obtain licensing.
- Established network of industry relationships, including mortgage servicers, attorneys, title companies, compliance providers, and other third-party vendors.
- Strong understanding of mortgage servicing, loan resolution strategies, investor guidelines, and default management practices.
- Knowledge of financial markets, credit and risk management principles, and the impact of market, liquidity, leverage, and operational risks on portfolio performance.
- Familiarity with financial analysis, discounted cash flow concepts, and Net Present Value (NPV) modeling.
- Advanced proficiency in Microsoft Excel, including the ability to analyze large datasets and support portfolio-level decision making.
- Demonstrated expertise in loan retention and non-retention strategies, including modifications, repayment plans, forbearance agreements, short sales, deeds-in-lieu of foreclosure, foreclosure management, bankruptcy proceedings, litigation oversight, and regulatory compliance.
- Thorough understanding of federal and state mortgage servicing regulations, including CFPB requirements and industry best practices.
Our team members fuel our strategy, innovation and growth, so we ensure the health and well-being of not just you, but your family, too! We go above and beyond to give you the support you need on an individual level and offer all sorts of ways to help you live your best life. We are proud to offer eligible team members perks and health benefits that will help you have peace of mind. Simply put: We’ve got your back. Check out our full list of Benefits and Perks.
About Us
Rocket Mortgage® was founded in 1985. Today, we’re a Detroit-based, publicly traded company with a mission to Help Everyone Home. At Rocket Mortgage, we believe that home is more than the house you live in. Our wide variety of home loan options, tools and resources empower our clients to achieve their homeownership dreams. We’re known as experts in the mortgage industry, but we’re also innovators – we strive to create the best experiences for our clients from beginning to end. And we’re not your typical employer. We’re insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. Apply today to join a team that offers career growth, amazing benefits and the chance to work with leading industry professionals.
This job description is an outline of the primary responsibilities of this position and may be modified at the discretion of the company at any time. Decisions related to employment are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. The company provides reasonable accommodations to qualified individuals with disabilities in accordance with applicable state and federal laws. Applicants requiring reasonable accommodations in completing the application and/or participating in the application process should contact a member of the Human Resources team, at Careers@Rocket.com.
The compensation information below is provided in compliance with all applicable job posting disclosure requirements. The compensation for this position is $70,000-$135,000.00. The position may also be eligible for an annual bonus, incentives, and other employment-related benefits including, but not limited to, medical, dental, and vision benefits, 401K retirement plan, and paid-time off. More information regarding these benefits and others can be found here. The information regarding compensation and other benefits included in this paragraph is the company’s current, good faith estimate at the time of posting. [Compensation and benefits are subject to modification from time to time as the Company, in its sole and exclusive discretion, deems appropriate.] The Company may determine during its future reviews of the proposed compensation and benefits provided for this position, that the compensation and benefits for such position should be reduced. In no event will the Company reduce the compensation for the position to a level below the applicable jurisdictional minimum wage rate for the position. Los Angeles County and San Francisco Candidates only: qualified applicants with arrest or conviction records will be considered for employment per the Fair Chance Ordinance and the Fair Chance Initiative for Hiring.
Salary : $70,000 - $135,000