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Reo Management Jobs (NOW HIRING)

Cornerstone Capital Bank

REO Manager

Englewood, CO · On-site

REO asset management experience * Investor servicing guidelines experience * Property valuation ... methodologies experience * Real estate sales and closing processes experience * Regulatory and ...

Builders Capital Exchange

REO Asset Manager

We are seeking an experienced REO Asset Manager to oversee a portfolio of residential real estate ... This role is focused on strategic asset management, vendor oversight, portfolio performance, and ...

REO Capital, LLC

Analyst - REO Capital

Beverly Hills, CA · On-site

$245K/yr

REO Capital is a Capital Raising Firm / Private Equity Consulting Firm / Hedge Fund Consulting Firm ... Solid organizational & time management skills * High motivation and attention to detail * Ability ...

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All JobsReo Management Jobs

Reo Management information

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$43.5K

$103.7K

$167.5K

How much do reo management jobs pay per year?

As of Jun 24, 2026, the average yearly pay for reo management in the United States is $103,704.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,500.00 and $132,000.00 per year, depending on experience, location, and employer.

What is the difference between Reo Management vs Real Estate Agent?

AspectReo ManagementReal Estate Agent
Required CredentialsReo Management License or Certification, Real Estate LicenseReal Estate License
Work EnvironmentProperty management companies, REO asset teamsReal estate brokerages, property listings
Employer & Industry UsageFinancial institutions, REO asset managersReal estate agencies, individual clients
Common Search & ComparisonReo Management vs Real Estate Agent

Reo Management focuses on managing bank-owned properties, including overseeing maintenance and sales, often requiring specific certifications. Real Estate Agents primarily assist clients in buying or selling properties, holding a real estate license. While both roles operate within the real estate industry, Reo Managers handle distressed assets, whereas Agents facilitate property transactions for individual buyers and sellers.

What is REO management?

REO management refers to the process of managing Real Estate Owned (REO) properties, which are properties that have been foreclosed on and are now owned by a lender, typically a bank. REO management professionals handle tasks such as securing the property, overseeing repairs and maintenance, marketing the property for sale, and ensuring compliance with local regulations. Their goal is to preserve the value of the asset and facilitate its sale as efficiently as possible. This role often involves coordination with real estate agents, contractors, and legal teams to expedite the disposition of the property.

What are the key skills and qualifications needed to thrive as a REO (Real Estate Owned) Manager, and why are they important?

To thrive as a REO Manager, you need expertise in real estate, property management, and foreclosure processes, often backed by a degree in business or real estate and relevant state licenses. Familiarity with property management software, asset management tools, and platforms like MLS is typically required. Strong negotiation, organizational, and communication skills help manage multiple properties and coordinate with vendors, buyers, and legal teams. These skills ensure efficient property disposition, compliance with regulations, and maximized returns for financial institutions.

What is the highest paid position in real estate?

In real estate management, executive roles such as Chief Executive Officer (CEO) or Chief Operating Officer (COO) typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, leadership skills, and often involve overseeing large portfolios or company operations.

What jobs pay 500,000 a year in the US?

In Reo Management or related executive roles, high-level positions such as Chief Executive Officers, Chief Operating Officers, or senior investment managers can earn $500,000 or more annually, especially in large corporations or financial firms. These roles typically require extensive experience, advanced skills, and often involve performance-based bonuses or profit sharing.

What jobs pay $10,000 a month without a degree?

Reo management roles, such as real estate asset managers or leasing managers, can pay $10,000 or more monthly without requiring a college degree, especially with experience and industry knowledge. These jobs often involve overseeing property portfolios, negotiating leases, and managing tenant relationships, with success driven by skills and certifications rather than formal education.

What is a reo manager?

A REO manager oversees real estate owned properties, typically managed by banks or lenders after foreclosure. Their responsibilities include coordinating property inspections, managing repairs, and facilitating sales to recover funds. Strong knowledge of real estate processes and property management tools is essential for this role.

What are some common challenges faced in a REO Management role, and how can they be effectively addressed?

REO (Real Estate Owned) Management professionals often encounter challenges such as managing a large portfolio of distressed properties, coordinating with multiple vendors for maintenance and repairs, and ensuring compliance with local regulations. Effective organization and strong communication skills are essential to stay on top of tasks and deadlines. Building reliable relationships with contractors, leveraging property management software, and staying updated on legal requirements can help address these challenges and ensure properties are maintained and sold efficiently.
More about Reo Management jobs
What states have the most Reo Management jobs? States with the most job openings for Reo Management jobs include:
What job categories do people searching Reo Management jobs look for? The top searched job categories for Reo Management jobs are:
Reo Management jobs near you
Infographic showing various Reo Management job openings in the United States as of June 2026, with employment types broken down into 100% As Needed. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $103,704 per year, or $49.9 per hour.

REO Manager

Cornerstone Capital Bank

Englewood, CO • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 9 days ago

Job description

***No agencies or 3rd party Recruiters please. Thank you! ***
Who we are:
Cornerstone Servicing, a division of Cornerstone Capital Bank, is a best-in-class mortgage servicer with a reputation for amazing service, customer satisfaction, employee retention and happiness! We employ people who are passionately committed to Cornerstone's Mission, Vision & Core Convictions.
We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.
Who we are looking for:
Cornerstone Servicing is seeking a Real Estate Owned Manager to join our team! The REO Manager is responsible for overseeing and managing the company's portfolio of Real Estate Owned (REO) properties acquired through foreclosure or deed-in-lieu transactions. This role ensures effective property preservation, valuation, marketing, disposition, vendor management, regulatory compliance, and loss mitigation strategies to maximize asset recovery and minimize holding costs and investor losses.
Key Responsibilities:
The REO Manager works closely with internal servicing departments, foreclosure attorneys, investors, real estate brokers, property preservation vendors, title companies, and regulatory agencies to ensure timely liquidation of REO assets while adhering to investor, insurer, and regulatory requirements.
  • Manage the full lifecycle of REO assets from foreclosure acquisition through final disposition.
  • Develop and execute strategies to maximize recovery and minimize losses on REO properties.
  • Monitor asset performance, carrying costs, timelines, and disposition metrics.
  • Review occupancy status and coordinate eviction, cash-for-keys, and relocation programs as necessary.
  • Oversee property inspections, preservation activities, repairs, maintenance, and securing of vacant properties.
  • Ensure properties comply with investor, insurer, municipal, and HOA requirements.
  • Monitor vendor performance and approve work orders within delegated authority limits.
  • Mitigate property deterioration, vandalism, and environmental risks.
  • Review Broker Price Opinions (BPOs), appraisals, and market analyses.
  • Establish listing strategies and pricing recommendations.
  • Manage relationships with REO brokers and real estate agents.
  • Monitor market conditions and adjust disposition strategies accordingly.
  • Oversee listing, marketing, negotiation, and sale of REO properties.
  • Review and approve purchase offers in accordance with investor guidelines.
  • Coordinate contract execution, title clearance, closing activities, and post-sale reconciliation.
  • Ensure timely liquidation to achieve investor and organizational objectives.
  • Manage third-party vendors including:
    • Property preservation companies
    • Inspection vendors
    • Appraisers and BPO agents
    • Real estate brokers
    • Attorneys
    • Title and closing companies
    • Conduct vendor performance reviews and ensure adherence to service-level agreements (SLAs).
  • Ensure compliance with:
    • CFPB regulations
    • State foreclosure laws
    • Investor guidelines (Fannie Mae, Freddie Mac, FHA, VA, USDA)
    • Servicing agreements
    • Company policies and procedures
    • Support internal and external audits and regulatory examinations.
    • Maintain accurate documentation and reporting.
    • Prepare and present portfolio performance reports.
  • Track key metrics including:
    • Days in inventory
    • Net recovery rates
    • Loss severity
    • Sale timelines
    • Vendor performance
    • Identify trends and recommend process improvements.
    • Supervise REO Asset Managers, Specialists, Coordinators, and support staff.
    • Establish performance goals and development plans.
    • Provide coaching, training, and operational guidance.
    • Promote a culture of compliance, accountability, and operational excellence.

What you'll need to be successful:
  • Bachelor's degree in Business Administration, Finance, Real Estate, Economics, or related field preferred.
  • Equivalent combination of education and industry experience may be considered.
  • This position requires 5-8+ years of mortgage servicing, default servicing, REO asset management, or foreclosure operations experience.
  • This position requires 2-5 years of supervisory or management experience preferred.
  • Demonstrated experience managing REO portfolios and vendor relationships.

  • Mortgage servicing operations experience
  • Foreclosure processes experience
  • REO asset management experience
  • Investor servicing guidelines experience
  • Property valuation methodologies experience
  • Real estate sales and closing processes experience
  • Regulatory and compliance requirements within mortgage servicing experience
  • Mortgage servicing platforms (MSP, LoanSphere, Sagent, etc.) experience
  • REO management systems experience
  • Microsoft Office Suite (Excel, Word, PowerPoint) experience
  • Reporting and analytics tools experience
  • Vendor management platforms experience

Travel up to 10%
What we offer:
Because we recognize and reward hard work, we offer a competitive salary, Medical, Dental, Vision, , Accidental Death, Long-Term Disability, Short-Term Disability, FSA, HSA, 401K, Basic Life, Voluntary Life, and Paid Parental Leave benefits, as well as the opportunity for a performance based bonus based on position and department.
What to do next:
If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're a part of our Cornerstone team, we'll continue to invest in you as a valuable asset to our company. As many of our team members can tell you, there's something special about working at Cornerstone.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

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