Skip to content
CV Rocket
Get started
How it worksThe enginePricingBlogContactSign in

Open nowPosted 173 days ago

AVP Loss Mitigation

Renovo Financial12 open roles

Pay
$70,000 a year
Where
Chicago, IL
Work mode
Hybrid
Get the CV for this job

From $25 per CV, paid once. No subscription.

Your applicationOpen nowAVP Loss MitigationRenovo Financial · Chicago, IL

  1. YouYes, apply to this one.

  2. CV RocketCV written for this posting.

  3. 25 readersRecruiter, hiring manager, skeptic. Round after round.

  4. CV RocketApplied on Renovo Financial's own form.

The reply lands in your private mailbox

3×more interviews than doing it yourself with ChatGPT.

The clock on this job

Early applications get read.

12.3% of postings close within 7 days. Measured by our own scanner across the market.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.3%14 days
  5. 35.6%30 days
  6. 58.1%60 days
This job: posted 173 days ago

The posting

Who We Are Renovo Financial is a dynamic and fast-growing private lender and mortgage servicer based in Chicago, dedicated to partnering with real estate investors who acquire and renovate single and multi-family residential properties. We take pride in delivering exceptional support to our clients, guiding them seamlessly from loan application to pay off with a commitment to unparalleled service. Our focus on reliability and a “win-win” approach has earned us an industry-leading repeat and referral rate, reflecting the strong relationships we build with our clients.

Position Summary Renovo’s AVP, Loss Mitigation is responsible for portfolio monitoring and managing troubled loan situations. This position requires an assertive and highly collaborative individual who will thrive in a fast-paced environment and communicate effectively with a variety of different stakeholders and audiences (senior leadership, attorneys, borrowers, etc.). The AVP, will manage a team of Portfolio Management Associates who are responsible for collections activities and discussing workout options on the business purpose residential loan portfolio. The AVP will partner with Renovo’s Default team in negotiating payment arrangements, implementing collection strategies and offering loss mitigation options to maximize recovery and disposition of default loans. A high level of listening skills, problem resolution, financial, lending, real estate, and legal acumen (and ease with the language used among professionals in those industries) is required for success.

Responsibilities Portfolio Management & Compliance Oversight •Manage and monitor in a compliant manner a portfolio of service transferred loans, including general servicing duties, default workout solutions, and distressed exit strategies •Responsible oversight of the ongoing portfolio management including the identification of problem loans, and/or special reviews that may be required •Identify trends and key risk identifiers that may impact global portfolio sectors or regional geographies

Team Leadership & Development •Responsible as the main direct manager for the team of Portfolio Management Associates who are the dedicated SPOCS for loans in early-stage default, foreclosure, probate, and bankruptcy •Ability to manage a pipeline of loans as the dedicated SPOC and operate as a “Player Coach” for the team of Portfolio Management Associates

Delinquency Management & Collections •Oversee collection activities on portfolio delinquencies past grace period dates •Proactively manage delinquencies through weekly meetings with borrowing clients; obtaining and reviewing borrower financial and cash flow statements; and developing action plans for remedying delinquency •Capability to have difficult conversations with borrowing clients in a respectful, courteous, and professional manner

Loss Mitigation & Financial Analysis •Ability to manage the process of loss mitigation reviews, requiring the interpretation and analysis of financial statements, including balance sheets, income & cash flow statements, and update proforma data to produce a professional written analysis to assess the ongoing repayment ability of all borrowing clients •Hold borrower clients accountable to milestones and timelines for “Loss Mitigation/Workout” loans

Cross-Functional Collaboration & Recovery Execution •Work collaboratively with company’s General Counsel, Foreclosure Counsel and other default service providers, as necessary, to provide “Loss mitigation/Workout” solutions on default loans and maximize recovery

Be the Culture •Bring Renovo’s values to life through your actions, choices, and commitment to a shared purpose

What We Look For •At least 3 years of experience in mortgage servicing residential or business purpose, banking, or commercial real estate credit, encompassing involvement in workouts and/or special situations •Expert knowledge in commercial mortgage lending/restructuring and financial deal structuring •Thrives in a highly collaborative atmosphere and relishes the challenge of developing solutions that consider the needs of multiple internal/external parties •Capable of synthesizing information from many data sources to conduct analysis and articulate a concise recommendation •Exemplary written, verbal communication and negotiation skills and ability to effectively tailor messaging to disparate audiences •Ability to manage multiple tasks concurrently and self-prioritize workload to meet deadlines as an individual and leader • Excellent organizational skills • Proficiency with Microsoft Excel and Word

Pay: From $70,000.00 per year

At Renovo, we’re building a team that reflects a wide range of backgrounds, perspectives, and skills because we believe diverse voices make us stronger. We’re proud to be an equal opportunity employer and welcome applicants of all identities and experiences.

From $25, paid onceGet the CV for this job

What happens when you press

One press. We do the rest.

  1. A CV for this posting

    Written against Renovo Financial's own wording, from every piece of relevant proof in your profile.

  2. 25 readers review it

    Recruiter, hiring manager, skeptic and more read every draft, round after round. You get the best round.

    The review screen in CV Rocket: how each CV was read, round by round.

  3. We apply on Renovo Financial's form

    Our application engine gets through the hardest forms there are. Where a question needs you, AI suggests the best answer. Don't want us applying from our IP addresses? Use our Chrome extension: we apply straight from your own browser.

    An application in CV Rocket: every answer filled in on the employer's form.

  4. Every reply, sorted

    Renovo Financial's answer lands in your private mailbox, and we classify it on arrival: interview, question, rejection.

    The CV Rocket inbox: each employer reply classified as an interview, an action or a rejection.

  5. Reply with AI

    AI helps you write the email, checks it and sends it. We show you whether the recruiter read it.

  6. The interview in your calendar

    Full integration with your calendar. The invitation goes straight in.

    An interview invitation in the CV Rocket inbox, added to the candidate's calendar.
Get the CV for this job

From $25 per CV, paid once. No subscription.

Why it works

3×

more interviews than doing it yourself with ChatGPT.

ChatGPT writes a CV and never learns what happened to it. We see every reply. For each CV we know:

  • How it was written, and how the review scored it
  • When we applied, and how long after the posting went up
  • Which posting, which company, which city
  • Who got the interview, and who heard nothing

That is how we know which CVs get called.

Get the CV for this job

From $25 per CV, paid once. No subscription.

The numbers game

More applications. More interviews.

Every application goes out with its own CV, written for that posting and paid once. Send enough of them and the law of large numbers finds you the job.

Get the CV for this job
By hand5–10
With CV Rocket100
applications a day

Nearby

Live postings like this one

Same employer first, then the same role elsewhere.

Before you press

Straight answers

Get the CV for this job

From $25 per CV, paid once. No subscription.

What if my background isn't good enough?

We make the most of the background you have. The CV uses every piece of relevant proof your profile holds, and one of the 25 readers reads your whole profile and flags what the CV left out.

Do you really apply for me?

Yes, on the employer's own form, the hardest ones included. Where a question needs you, you answer it right there and AI suggests the best answer. Don't want us applying from our IP addresses? Use our Chrome extension: we apply straight from your own browser.

Is it a subscription?

No. You pay once per CV, from $25. Every application goes out with its own CV, written for that posting.

One job. One CV.
Paid once.

Pick the posting you want. We write for it, apply for you and catch the reply.

Get the CV for this job

From $25 per CV, paid once. No subscription.