james Mcnellis

Responsible for the monitoring and oversight of the Sub-Servicer and Asset Management Company activities related to Reverse Mortgage loans in REO status. Ensure that sub-servicer is following all HUD, City, State and Federal guidelines, as well as any AAG, required policy or procedures. Oversight responsibilities include the review and management of the reo process and timelines. Preparation of properties within guidelines to prepare for listing, reviewing the agent bpo and appraisal before listing the property and negotiating offers and counter-offers, review purchase contracts, including all required addendums, exhibits, and disclosures. Work with agents, hoa, title and escrow for a timely closing. Communicate with local city and county code violation departments to resolve issues. Approve repair work for any health and safety requirements, review property for insurance claims opportunities, and other addendums as needed to facilitate the best possible exit for the asset and to limit the risk to AAG.

Responsibilities REO Asset Specialist Manage daily activities related to selling real estate properties. Analyze broker price opinions, appraisals, market data and related real estate information; determine listing prices, decide upon repairs and sell properties. Manage foreclosed assets; maintain and list REO properties; negotiate offers with borrowers; and liquidate assets to maximize profits. Carry out management initiatives in accordance with the organizations policies and applicable laws using judgment and discretion including; training vendors, planning, assigning vendor work balance, monitoring vendor performance, addressing complaints, and resolving problems. Work with real estate agents, foreclosure department, accounts payable, title companies, attorneys, marketing coordinators, closers, eviction coordinators, and management. Complete for review by management, an executive summary on high-risk assets as needed. Oversee the execution of Home Owner Association (HOA) assessments, delinquency matters, and code enforcement issues as they arise. Assure resolution of matter by the party responsible (e.g., property preservation, field services, and/or agent network).

Manage daily activities related to Selling REO properties Act as a liaison for Fannie Mae with outside parties dealing with the maintenance and process for disposition of properties in designated territory. Activities include communicating with agents and vendors everyday by calling and/or e-mailing them for updates on the properties. Review valuing, repairing, maintaining, listing, marketing, negotiating offers, selling, and closing of properties. Develop strategies for specific markets. Collaborate with internal staff, brokers, mortgage insurance companies, lenders, title companies,attorneys, government offices, and others to expedite the sales process and maximize proceeds. Develop and maintain broker networks. Adherence to laws, regulations, and the firms policies. Over see development of policies, procedures, and implementation of key controls to ensure regulatory compliance. Identify opportunities to streamline and enhance systems efficiency. Support systems enhancements. Improve efficiency to reduce costs.Provide in the field group training for brokers, field service vendors, and other stakeholders as needed Responsible for management of 550 assets per month with a closing rate of 30% of all assets listed and under contact or on market per month. I was the only reo sale rep. promoted to work in all 3 regional offices over the last 5 years Chicago, Irvine, Fort Lauderdale.

Real Estate License CA and FL and Occupational License in Real Estate Real Estate Education - CA and FL 1989 to 2018 On going learning and Mandatory training in Cyber Safety, Code of Conduct, Goal Setting, Credit Business Risk Policy, Diversity and Inclusion , Operational Risk, Fraud Risk , Enterprise Privacy, and Records Management