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Reo Agent Jobs (NOW HIRING)

Newrez

Loan Officer

The Loan Officer is accountable for speed-to-contact, pipeline management, borrower engagement, buyer-agent engagement, and pull-through performance ensuring REO activity translates into consistent ...

Vylla Home

Real Estate Agent

Fresno, CA · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Virginia Beach, VA · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Raleigh, NC · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Phoenix, AZ · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Nashville, TN · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Los Angeles, CA · Remote

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

San Diego, CA · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Sacramento, CA · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Jacksonville, FL · Remote

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Nashville, TN · Remote

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Baltimore, MD · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Phoenix, AZ · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Washington, DC · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Tampa, FL · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Memphis, TN · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Cleveland, OH · Remote

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Raleigh, NC · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Nashville, TN · Remote

$85K - $185K/yr

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

Vylla Home

Real Estate Agent

Los Angeles, CA · Remote

We are also a leading REO brokerage and provide multiple REO lead resources. * Free CRM tool ... Customizable marketing resources including agent websites, printed and digital materials, social ...

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Reo Agent information

See salary details

$29K

$47.9K

$99.5K

How much do reo agent jobs pay per year?

As of Aug 22, 2026, the average yearly pay for reo agent in the United States is $47,930.00, according to ZipRecruiter salary data. Most workers in this role earn between $34,000.00 and $51,000.00 per year, depending on experience, location, and employer.

What is a REO agent?

A REO (Real Estate Owned) Agent specializes in managing and selling foreclosed properties owned by banks or lenders. Their responsibilities include assessing property values, coordinating repairs, marketing listings, and negotiating sales. They work closely with financial institutions, asset managers, and buyers to facilitate efficient property transactions. REO Agents also ensure compliance with legal and contractual obligations while maximizing returns for the property owner.

What are the key skills and qualifications needed to thrive as a REO agent?

To excel as an REO (Real Estate Owned) Agent, you should have a solid background in real estate sales, property valuation, and foreclosure processes, typically supported by a real estate license and experience in handling bank-owned properties. Familiarity with Multiple Listing Services (MLS), asset management platforms, and REO-specific software is usually required. Strong negotiation, organization, and communication skills help REO Agents manage multiple properties and coordinate with banks, buyers, and vendors. These abilities ensure efficient property sales, effective collaboration, and successful navigation of the unique challenges in REO transactions.

What are some common challenges faced by REO agents and how can they be managed?

REO Agents often deal with properties that require significant repairs or have complicated occupancy issues, which can delay marketing and sales efforts. Navigating strict deadlines and compliance requirements set by lenders and asset management companies can also be demanding. Proactively communicating with stakeholders, staying organized, and keeping up with industry best practices help manage these challenges effectively. Many REO Agents find that developing strong vendor relationships and maintaining detailed documentation are key to staying ahead in this fast-moving sector.

How do I become a REO agent?

To become a REO (Real Estate Owned) agent, you typically need a valid real estate license, experience in real estate transactions, and knowledge of foreclosure processes. Many REO agents also develop relationships with banks and lenders, and familiarity with property management and valuation tools can be beneficial.
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What cities are hiring for Reo Agent jobs?

Cities with the most Reo Agent job openings:

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Reo Agent jobs near you
Infographic showing various Reo Agent job openings in the United States as of August 2026, with employment types broken down into 95% Full Time, 3% Part Time, and 2% Contract. Highlights an 83% Physical, 1% Hybrid, and 16% Remote job distribution, with an average salary of $47,930 per year, or $23 per hour.

Loan Officer

Newrez

Remote

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 4 days ago

Newrez rating

6.3

Company rating: 6.3 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We're a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that's why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

The REO Loan Officer is a purchase-focused originator responsible for converting leads generated by Newrez REO inventory into funded loans transactions and long-term mortgage relationships. This role operates within a structured, high-velocity lead environment, where every REO listing, inquiry, and offer opportunity is treated as a trackable lead with clear follow-up cadences and measurable outcomes.

The Loan Officer is accountable for speed-to-contact, pipeline management, borrower engagement, buyer-agent engagement, and pull-through performance ensuring REO activity translates into consistent mortgage production.

DESCRIPTION

Essential Functions, Duties, and Responsibilities

  • Proactively work assigned REO leads, listings, and CRM activity to identify and engage active buyers and buyer's agents.
  • Deliver fast, accurate pre-approvals and guide borrowers through the REO purchase process to support competitive offer positioning.
  • Maintain disciplined follow-up cadence across all leads, ensuring consistent communication and pipeline movement.
  • Convert inbound and outbound opportunities into funded loans, including recapturing buyers who do not ultimately purchase REO properties.
  • Build rapport quickly with buyers and referral partners, positioning Newrez as the preferred lending partner.
  • Ensure all borrower, agent, and transaction activity is properly captured and source-coded in CRM (SPARK/SalesForce).
  • Partner with listing agents, internal stakeholders, and operations teams to support active transactions and provide status updates.
  • Leverage product knowledge to advise clients, including renovation financing (FHA 203(k), HomeStyle) and investor solutions such as DSCR and delayed financing.
  • Maintain compliance with all federal, state, and company guidelines; originate only in licensed states.
  • Meet or exceed production, conversion, and activity KPIs (e.g., call volume, lead conversion, pull-through, funded volume).
  • Participate in training, pipeline reviews, and team cadence meetings to continuously improve performance.
  • Perform related duties as assigned by management.

Qualifications and Education Requirements

  • 2+ years of experience as a producing Loan Officer or mortgage originator.
  • Strong purchase mortgage experience, including pre-approval strategy and contract-to-close execution.
  • Active NMLS license required, with ability to obtain additional state licenses as needed.
  • Experience working within a CRM to manage pipeline, track activity, and maintain data quality.
  • Proven ability to manage a high-volume lead funnel with strong follow-up discipline.

Skills, Abilities, and Knowledge

  • Strong understanding of purchase mortgage origination, pipeline management, and conversion metrics.
  • Ability to work a structured lead environment with urgency and accountability (speed-to-contact is critical).
  • Excellent interpersonal and communication skills; ability to build trust quickly with borrowers and agents.
  • Knowledge of renovation and investor loan products (e.g., FHA 203(k), HomeStyle, DSCR, delayed financing) preferred.
  • Highly organized with the ability to manage multiple active files and deadlines simultaneously.
  • Self-motivated, competitive, and results-driven with a strong sales mindset.
  • Comfortable operating in a metrics-driven environment with clearly defined expectations.

Work Environment and Expectations

  • On-site or hybrid environment based on business needs.
  • Regular, consistent attendance aligned with sales hours and customer availability.
  • Flexibility to work evenings and weekends to maximize borrower and agent engagement.
  • High-call, high-activity sales environment requiring focus, responsiveness, and multitasking.

REVISION HISTORY

Last Updated: 2/26/2026

A good faith estimate of the compensation is:

15,080.00 - 60,000.00

Compensation for this position may also include other elements, including medical, financial, various paid time off benefits, and a bonus based on individual and company performance, variable or annual.

Placement within the range will be based on a variety of factors, including but not limited to, skills, experience, qualifications, location, etc.

Additional Information:

While this description is intended to be an accurate reflection of the position's requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We're a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits:

We offer benefits, programs, and perks that support you in every aspect of your life.

  • Medical, dental, and vision insurance

  • Health Savings Account with employer contribution

  • 401(k) Retirement plan with employer match

  • Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave

  • Adoption Assistance

  • Tuition & Certification reimbursement

  • Employee Mortgage Loan Program

  • The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW:

Through Newrez NOW, our Corporate Social Responsibility program, you'll have opportunities to give back, lead, and make a difference.

  • 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)

  • Matching Gifts Program - dollar-for-dollar up to $1,000

  • Access to grants, nonprofit resources, and volunteer opportunities

  • More than $6,000,000 donated since 2020

  • 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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