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Updated 2026-07-02 22:00 UTC·© 2025–2026 RoleSuite
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REO Asset Manager

U.S. Bank · Saint Paul, MN

 

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

The REO Asset Manager is responsible for managing a portfolio of Real Estate Owned (REO) properties acquired through the foreclosure process. This role oversees the complete asset lifecycle from acquisition through final disposition, ensuring properties are maintained, marketed, and sold efficiently while maximizing recovery value and minimizing loss exposure.

The position requires strong decision-making, vendor management, project coordination, and analytical skills. The successful candidate will work closely with internal business partners, third-party vendors, real estate professionals, legal teams, and finance partners to support property disposition strategies and achieve portfolio performance goals.

Key Responsibilities

  • Manage a portfolio of REO and post-sale properties from acquisition through sale and closing.
  • Develop and execute disposition strategies designed to maximize recovery and reduce property hold times.
  • Coordinate property inspections, valuations, broker price opinions (BPOs), appraisals, repairs, preservation activities, occupancy management, and evictions when necessary.
  • Review and approve vendor bids, repair expenditures, preservation requests, clean-out activities, and utility management services.
  • Monitor vendor performance, ensure service-level expectations are met, and hold vendors accountable for quality, timelines, and results.
  • Establish listing strategies, evaluate offers, determine pricing recommendations, and manage auction reserve decisions.
  • Partner with Finance to monitor, forecast, and analyze property gain/loss performance and financial outcomes.
  • Conduct research, analysis, and reporting to support business objectives, process improvements, and portfolio management decisions.
  • Collaborate with cross-functional partners including Property Preservation, Legal, Finance, Special Assets, Closing, Audit, and Auction Program teams.
  • Maintain compliance with applicable investor, regulatory, and company requirements throughout the asset management process.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Three to five years of experience in project management activities

Preferred Skills/Experience

  • Experience managing REO portfolios or default servicing operations.
  • Knowledge of foreclosure, liquidation, property preservation, title, valuation, and disposition processes.
  • Experience coordinating and managing third-party vendors and service providers.
  • Strong analytical and problem-solving skills with the ability to make independent business decisions.
  • Effective negotiation, communication, and stakeholder management skills.
  • Ability to prioritize competing demands and manage a high-volume workload.
  • Advanced organizational skills and attention to detail.
  • Intermediate to advanced Microsoft Excel skills, including reporting, pivot tables, and data analysis.
  • Demonstrated ability to work independently in a fast-paced, results-oriented environment.

**The role offers a hybrid schedule, which means there's an in-office expectation of 3 or more days per week at one of the posted hub locations.**

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $64,855.00 - $76,300.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

Investment Banking pay context

Based on 592 disclosed Investment Banking salaries on RoleSuite, the role pays a median of $128K/year, with most offers between $89K and $166K (10th–90th percentile: $70K–$225K).

This posting lists $65K–$76K, below the $128K market median.

See the full Investment Banking salary breakdown →
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