Selina Finance

Vice President - Asset Manager

Opole, Opole Voivodeship, Poland

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Mortgage Servicing, Real EstateIndustries

Requirements

Candidates must possess a minimum of 4-5 years of mortgage experience in collections, loss mitigation, bankruptcy, and foreclosure processes, with at least 2-3 years specifically in loss mitigation. A strong understanding of mortgage loan workout options, familiarity with servicing systems, and working knowledge of GSE servicing guidelines are essential. Proficiency in Microsoft Office applications, particularly Excel, is required, along with experience in fast-paced environments and the ability to work independently and manage multiple priorities effectively. Experience with Non-QM Loans, Business Purpose Loans, and mortgage call center environments are preferred qualifications.

Responsibilities

The Vice President - Asset Manager will oversee default servicing functions performed by network servicers, managing loan resolutions for a diverse mortgage portfolio including sub-, non-, and re-performing loans. Responsibilities include formulating and approving loss mitigation and workout campaigns, reviewing and approving loss mitigation and foreclosure transactions for accuracy and quality, and reconciling property values. The role involves conducting oversight of loan servicing, performing asset-level reviews for loans outside acceptable timelines, and proactively reviewing problem accounts with servicers for timely resolution. Additionally, the position requires active participation in performance meetings, collaboration with internal teams and servicers to identify procedural changes and system enhancements, recommending operational improvements, and staying current on default processes and regulatory changes.

Skills

Loss Mitigation
Default Servicing
Foreclosure
Bankruptcy
Property Valuations
Loan Resolutions
Workout Campaigns
Asset Management
Servicing Oversight
Problem Account Resolution

Selina Finance

Flexible home equity lending solutions

About Selina Finance

Selina Finance offers flexible lending solutions for homeowners in the UK, focusing on home equity lending. Their main products include a Home Equity Line of Credit (HELOC), which allows borrowers to access funds against their property equity and only pay interest on the amount used, and a Homeowner Loan, which provides a fixed sum upfront. Unlike other lenders, Selina Finance's HELOC offers unique flexibility in borrowing amounts over the first five years. The company's goal is to help homeowners finance large purchases by leveraging the equity in their homes at competitive interest rates.

London, United KingdomHeadquarters
2019Year Founded
$50.4MTotal Funding
SERIES_BCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Risks

Rising UK interest rates could make Selina's loans less attractive to borrowers.
Increased competition from fintechs may erode Selina's market share.
Potential UK regulatory changes could increase compliance costs for Selina Finance.

Differentiation

Selina Finance offers the UK's first Home Equity Line of Credit (HELOC).
Their HELOC product provides flexible borrowing against home equity, unique in the UK market.
Selina Finance combines real estate, finance, and technology for next-generation lending solutions.

Upsides

Partnership with Legal & General expands access to a large network of mortgage advisers.
Recent $150M Series B funding boosts Selina's capacity for growth and product development.
Increased demand for flexible financial products aligns with Selina's offerings.

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