Could You Do a Special Assets Job
Special assets officers are typically responsible for overseeing the processing of distressed bank assets. Special assets positions are growing in this economy. Typically you'd be responsible for taking loans from the point of default through disposition. You'll frequently have to deal with borrowers with troubled credits. You will engage legal counsel for the bank independently. You'll help to make loan workout strategies and failing that you will be responsible for moving assets through the processor foreclosure. Special assets officers must be willing to travel to see the assets. You'll need significant experience in valuing different types of real estate or and frequently you'll contract others to value the real estate for you.