ZipRecruiter

Log In

1

Reo Manager Jobs (NOW HIRING)

Cornerstone Capital Bank

REO Manager

Englewood, CO · On-site

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 ...

Builders Capital Exchange

REO Asset Manager

We are seeking an experienced REO Asset Manager to oversee a portfolio of residential real estate-owned (REO) assets on behalf of institutional investors and capital partners. This role is focused on ...

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 ...

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 ...

Selene Holdings

REO Repair Coordinator

The REO Repair Coordinator is responsible for managing and overseeing property repairs and renovations for Real Estate Owned (REO) assets. This role ensures properties are maintained in marketable ...

next page

Showing results 1-20

All JobsReo Manager Jobs

Reo Manager information

See salary details

$23K

$61.4K

$102.5K

How much do reo manager jobs pay per year?

As of Jun 20, 2026, the average yearly pay for reo manager in the United States is $61,351.00, according to ZipRecruiter salary data. Most workers in this role earn between $44,000.00 and $69,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a REO Manager, and why are they important?

To thrive as a REO Manager, you need expertise in real estate, property management, and financial analysis, often supported by a bachelor's degree in business or real estate. Familiarity with property management software, multiple listing services (MLS), and relevant certifications like Certified Property Manager (CPM) are typically used. Strong negotiation, organizational, and communication skills help build relationships with vendors, clients, and internal teams. These abilities are crucial for efficiently handling distressed properties, maximizing asset value, and ensuring compliance with regulations.

What is the difference between Reo Manager vs Reo Coordinator?

AspectReo ManagerReo Coordinator
ResponsibilitiesOversees REO property portfolios, manages teams, develops strategies, and liaises with clients and stakeholders.Assists in property management tasks, coordinates inspections, and supports the REO team with administrative duties.
Required CredentialsReal estate license, management experience, strong communication skills.Real estate license or certification preferred, organizational skills, basic industry knowledge.
Work EnvironmentOffice-based with site visits, leadership role, interacts with clients and vendors.Office and fieldwork, supportive role, collaborates with managers and vendors.

The main difference is that Reo Managers hold leadership roles with strategic responsibilities, while Reo Coordinators support daily operations and administrative tasks. Reo Managers focus on overseeing portfolios and teams, whereas Reo Coordinators assist with execution and coordination within the REO process.

What are some common challenges faced by REO Managers, and how can they effectively address them?

REO Managers often encounter challenges such as managing a high volume of properties, coordinating with multiple stakeholders (like banks, contractors, and realtors), and ensuring properties are maintained and sold in a timely manner. To address these, strong organizational skills and the ability to prioritize tasks are crucial. Effective communication, familiarity with property management software, and a proactive approach to problem-solving help REO Managers streamline workflows and meet deadlines successfully.

What is a REO Manager?

A REO Manager, or Real Estate Owned Manager, is responsible for overseeing properties that have been repossessed by a lender, typically after a foreclosure. Their duties include managing, marketing, and selling these properties to recover as much value as possible for the lender. REO Managers coordinate property maintenance, work with real estate agents, handle negotiations, and ensure compliance with legal and financial regulations. They play a crucial role in minimizing losses and expediting the sale of foreclosed assets.
What cities are hiring for Reo Manager jobs? Cities with the most Reo Manager job openings:
What are the most commonly searched types of Reo jobs? The most popular types of Reo jobs are:
What states have the most Reo Manager jobs? States with the most job openings for Reo Manager jobs include:
What job categories do people searching Reo Manager jobs look for? The top searched job categories for Reo Manager jobs are:
Reo Manager jobs near you
Infographic showing various Reo Manager job openings in the United States as of June 2026, with employment types broken down into 6% Internship, 38% As Needed, 2% Full Time, 38% Temporary, 14% Nights, and 2% Summer. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $61,351 per year, or $29.5 per hour.

REO Manager

Cornerstone Capital Bank

Englewood, CO • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 6 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.

Apply