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Reo Processor Jobs (NOW HIRING)

loanDepot

REO Specialist

Plano, TX · On-site

$22 - $31/hr

Processes relocation agreements, coordinates document execution, tracks move-out timelines, and ... REO experience preferred. * Post sale, conveyance process knowledge, mortgage terminology, and ...

Selene Holdings

Senior REO Specialist

The Senior REO Specialist plays a critical role in maximizing recovery on real estate owned (REO ... Identify process improvement opportunities and recommend operational enhancements. * Maintain ...

Rialto Capital

Vice President - Reo

Enterprise, NV

Fully understand the life cycle of the CMBS process, nuances, and restrictions as they relate to the REMIC and CMBS REO.Manage day to day activities of Asset Managers and Analysts.Monitor budgets and ...

Rialto Capital

Vice President - Reo

Enterprise, NV

Fully understand the life cycle of the CMBS process, nuances, and restrictions as they relate to the REMIC and CMBS REO.Manage day to day activities of Asset Managers and Analysts.Monitor budgets and ...

Rialto Capital

Vice President - Reo

Enterprise, NV

Fully understand the life cycle of the CMBS process, nuances, and restrictions as they relate to the REMIC and CMBS REO.Manage day to day activities of Asset Managers and Analysts.Monitor budgets and ...

First Title Services

REO Title Curative

Rockville, MD · On-site

Our skilled team across the country ensures the daily process to run in tandem with strategies to ... The position requires knowledge to provide resolution of title defects, with emphasis on REO. The ...

Rialto Capital

Vice President - REO

Las Vegas, NV

Fully understand the life cycle of the CMBS process, nuances, and restrictions as they relate to the REMIC and CMBS REO. * Manage day to day activities of Asset Managers and Analysts. * Monitor ...

Rialto Capital

Vice President - REO

Miami, FL

Fully understand the life cycle of the CMBS process, nuances, and restrictions as they relate to the REMIC and CMBS REO. * Manage day to day activities of Asset Managers and Analysts. * Monitor ...

Rialto Capital

Vice President - REO

Miami, FL · On-site

Fully understand the life cycle of the CMBS process, nuances, and restrictions as they relate to the REMIC and CMBS REO. * Manage day to day activities of Asset Managers and Analysts. * Monitor ...

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Reo Processor information

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How much do reo processor jobs pay per hour?

As of Jul 16, 2026, the average hourly pay for reo processor in the United States is $16.74, according to ZipRecruiter salary data. Most workers in this role earn between $13.46 and $19.23 per hour, depending on experience, location, and employer.

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

To thrive as a REO Processor, you need strong organizational skills, knowledge of real estate and foreclosure processes, and familiarity with industry regulations, often supported by experience in mortgage or property management. Proficiency with loan servicing platforms, property management systems, and document tracking tools is typically required. Attention to detail, effective communication, and problem-solving abilities are important soft skills for coordinating with multiple stakeholders and ensuring compliance. These competencies are critical for managing REO assets efficiently, minimizing risks, and ensuring timely property disposition.

What are REO Processors and what do they do?

REO Processors are professionals who manage properties that have been acquired by a lender, typically following a foreclosure. They handle various tasks such as coordinating property inspections, overseeing repairs, managing listings, and ensuring compliance with regulations. Their main goal is to prepare and sell the property as efficiently as possible while maximizing its value. REO Processors often work closely with real estate agents, contractors, and asset managers to facilitate the sale of bank-owned properties.

What are the main challenges faced by a REO Processor when managing multiple property files simultaneously?

As a REO Processor, one of the main challenges is efficiently handling a high volume of property files, each with unique deadlines, documentation requirements, and client expectations. Staying organized and maintaining clear communication with asset managers, realtors, and vendors is essential to ensure timely property inspections, repairs, and closings. Effective use of tracking systems and prioritization skills help mitigate the risk of missing critical milestones, which is vital for maintaining smooth operations and client satisfaction.
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What job categories do people searching Reo Processor jobs look for? The top searched job categories for Reo Processor jobs are:
Reo Processor jobs near you
Infographic showing various Reo Processor job openings in the United States as of July 2026, with employment types broken down into 82% Full Time, 14% Part Time, 1% Temporary, 2% Contract, and 1% Nights. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $34,822 per year, or $16.7 per hour.
REO Specialist

REO Specialist

loanDepot

Plano, TX • On-site

$22 - $31/hr

Other

Medical, Dental, Vision, PTO

This job post has expired today. Applications are no longer accepted.

loanDepot rating

7.8

Company rating: 7.8 out of 10

Based on 18 frontline employees who took The Breakroom Quiz

Job description

Position Summary:
Responsible for managing all Real Estate Owned (REO) assets from postforeclosure sale through final disposition. This role requires strong coordination, communication, and analytical skills to ensure compliance with investor guidelines and efficient resolution of all REO activities which include minimizing loss to the company.
Responsibilities:
  • Manages the REO pipeline for properties following foreclosure sale completion.
  • Submits Default Cash payment requests for liens, utilities, and other approved obligations.
  • Refers and tracks eviction cases with approved attorney firms through completion.
  • Coordinates with third-party lienholders to support lien resolutions and ownership transfers per guidelines.
  • Reviews documents for completeness and prepares them for notary execution.
  • Supports CWCOT property sales, including reserve calculations and listing updates.
  • Reviews contracts, settlement statements, and offers for accuracy; assists with counteroffers, concessions, and closing cost calculations.
  • Updates LoanSphere and related systems to maintain accurate records and reprojections.
  • Follows up with attorney firms, preservation vendors, and REO vendors to track status and meet deadlines.
  • Reviews repair estimates, performs cost comparisons, and documents vendor bids.
  • Processes relocation agreements, coordinates document execution, tracks move-out timelines, and submits payment requests.
  • Tracks conveyance timelines, deeds, extensions, claims referrals, and extended sales activity, including redemptions and upset bids.
Requirements:
  • REO experience preferred.
  • Post sale, conveyance process knowledge, mortgage terminology, and preservation experience required.
  • MSP/BK Mortgage Servicing system knowledge preferred.
  • Experience working within investor and insurer guidelines related to FNMA, FHLMC, GNMA, VA, FHA and USDA. required.
  • Experience working within Federal and State regulations related to Mortgage Servicing.
  • Knowledge of Microsoft Office applications with extensive usage with Excel.
  • Bachelor's Degree preferred.
Why work for #teamloanDepot:
  • Compensation package based on experience and skill set.
  • Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
  • Work with other passionate, purposeful, and customer-centric people.
  • Extensive internal growth and professional development opportunities including tuition reimbursement.
  • Comprehensive benefits package including Medical/Dental/Vision.
  • Wellness program to support both mental and physical health.
  • Generous paid time off for both exempt and non-exempt positions.
About loanDepot:

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $22/hr and $31/hr. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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