SlideShare a Scribd company logo
1 of 8
Download to read offline
Defining the duties for Asset Specialist and Asset Manager
Asset Specialist Duties
 Completing the 1004 report from LPS.
 Assign Brokers.
 Creating and sending out required documents for brokers
and occupants including the SCRA “Know your rights
letter”.
 Receiving required broker document and place in file.
 Ordering BPO and appraised values.
 Reviewing and approving trash out within approval level.
 Working Queue on a daily basis
 Submitting reports to Manager by EOB on Fridays
(Premarketing queue, VNL and Occupied properties)
Asset Specialist Duties
 Completing the top portion of the PDP.
 Preparing listing package, printing and placing in file for Asset
manager to complete once approved.
 Place F/C Deed and broker’s documents in file
 Once Asset Manager sends out Listing Package the file is handed
back to Asset Specialist.
 Once signed Listing Agreement and MLS are received, place in
file and file in cabinets immediately.
 Preparing LPR’s once AM has submitted report via email to AS.
 Prepare check requests for invoices received from brokers.
 Reviewing emails.
Asset Specialist Duties
Shared duties to include, but not limited to the following:
 Requesting MMR’s from Brokers and uploading MMR’s to
LPS.
 Faxing, scanning and filing when time permits.
Asset Manager Duties
 Reviewing emails for preservation, title issues offers and bid
approvals.
 Work the marketing queue daily to complete and clear current
tasks including LPR’s, MMR’s and confirming scheduled
closings.
 Review values and complete the PDP, once approved fax or email
PDP to USDA.
 If there is a variance in values request AS to order a 3rd value.
 Once PDP is approved by USDA, complete listing task in LPS,
submit PDP approval and listing package to management for
approval.
 Send Listing package to Broker and handoff file to Asset
Specialist.
Asset Manager Duties
 Review and negotiate offers daily via email and upload
negotiated email to broker via LPS for tracking purposes.
 Confirm that Recorded FCL Deed is in the file and LPS
 Confirm all Broker documents are complete including Signed
Listing and MLS.
 Review Safeguard reports and valuations for disclosing material
defects.
 Once offer is negotiated, confirm all contract documents are
correct and complete including the closing instructions.
 Submit contract to USDA if required and to management for
approval and execution.
Asset Manager Duties
 Once contract has been executed, email contract and closing
package to Broker and or Auction company.
 AM to hold file if there are missing documents or additional
information is required.
 If executed contract is complete bring file to closing cabinet.
 Complete LPR’s from queue daily and forward a daily report to
AS to prepare LPR sheet for management approval.
 Once LPR is approved by management submit to AS to send to
broker via fax or email.
 When invoicing is received review for proper approvals and
forward or place in shared inbox for AS to prepare invoice cover
sheet.
 Complete reports as requested, including the monthly aged
reports.
Asset Manager Duties
Shared duties to include, but not limited to the following:
 Requesting MMR’s from Brokers and uploading MMR’s to
LPS.
 Faxing, scanning and filing is the AM’s responsibility,
however the AS can assist when time permits.

More Related Content

Viewers also liked

Heartside Gleaning Initiative Marketing Plan
Heartside Gleaning Initiative Marketing PlanHeartside Gleaning Initiative Marketing Plan
Heartside Gleaning Initiative Marketing PlanGabrielle Shipley
 
Psychological Thriller Poster + Website analysis
Psychological Thriller Poster + Website analysisPsychological Thriller Poster + Website analysis
Psychological Thriller Poster + Website analysisamyhowesmediastudies
 
Common dialog control
Common dialog controlCommon dialog control
Common dialog controlSoumya Vijoy
 
TDC2016SP - Governança Ágil viabilizando a estratégia de inovação
TDC2016SP - Governança Ágil viabilizando a estratégia de inovaçãoTDC2016SP - Governança Ágil viabilizando a estratégia de inovação
TDC2016SP - Governança Ágil viabilizando a estratégia de inovaçãotdc-globalcode
 
TDC2016SP - Trilha Arquitetura Empresarial
TDC2016SP - Trilha Arquitetura EmpresarialTDC2016SP - Trilha Arquitetura Empresarial
TDC2016SP - Trilha Arquitetura Empresarialtdc-globalcode
 
1 snsi strategia nazionale di specializzazione intelligente invitalia decrini...
1 snsi strategia nazionale di specializzazione intelligente invitalia decrini...1 snsi strategia nazionale di specializzazione intelligente invitalia decrini...
1 snsi strategia nazionale di specializzazione intelligente invitalia decrini...Roberto Scarafia
 
20160918 - F. Prefumo - Ecografia, screening biochimico, NIPT e diagnosi pren...
20160918 - F. Prefumo - Ecografia, screening biochimico, NIPT e diagnosi pren...20160918 - F. Prefumo - Ecografia, screening biochimico, NIPT e diagnosi pren...
20160918 - F. Prefumo - Ecografia, screening biochimico, NIPT e diagnosi pren...Roberto Scarafia
 

Viewers also liked (11)

Heartside Gleaning Initiative Marketing Plan
Heartside Gleaning Initiative Marketing PlanHeartside Gleaning Initiative Marketing Plan
Heartside Gleaning Initiative Marketing Plan
 
أصول القراء العشر
أصول القراء العشرأصول القراء العشر
أصول القراء العشر
 
Psychological Thriller Poster + Website analysis
Psychological Thriller Poster + Website analysisPsychological Thriller Poster + Website analysis
Psychological Thriller Poster + Website analysis
 
Common dialog control
Common dialog controlCommon dialog control
Common dialog control
 
Verotusasiat, alv ja verosuunnittelu mehiläishoidossa
Verotusasiat, alv ja verosuunnittelu mehiläishoidossaVerotusasiat, alv ja verosuunnittelu mehiläishoidossa
Verotusasiat, alv ja verosuunnittelu mehiläishoidossa
 
Signages report
Signages reportSignages report
Signages report
 
Mehiläiset omenan tautien torjujina
Mehiläiset omenan tautien torjujinaMehiläiset omenan tautien torjujina
Mehiläiset omenan tautien torjujina
 
TDC2016SP - Governança Ágil viabilizando a estratégia de inovação
TDC2016SP - Governança Ágil viabilizando a estratégia de inovaçãoTDC2016SP - Governança Ágil viabilizando a estratégia de inovação
TDC2016SP - Governança Ágil viabilizando a estratégia de inovação
 
TDC2016SP - Trilha Arquitetura Empresarial
TDC2016SP - Trilha Arquitetura EmpresarialTDC2016SP - Trilha Arquitetura Empresarial
TDC2016SP - Trilha Arquitetura Empresarial
 
1 snsi strategia nazionale di specializzazione intelligente invitalia decrini...
1 snsi strategia nazionale di specializzazione intelligente invitalia decrini...1 snsi strategia nazionale di specializzazione intelligente invitalia decrini...
1 snsi strategia nazionale di specializzazione intelligente invitalia decrini...
 
20160918 - F. Prefumo - Ecografia, screening biochimico, NIPT e diagnosi pren...
20160918 - F. Prefumo - Ecografia, screening biochimico, NIPT e diagnosi pren...20160918 - F. Prefumo - Ecografia, screening biochimico, NIPT e diagnosi pren...
20160918 - F. Prefumo - Ecografia, screening biochimico, NIPT e diagnosi pren...
 

Similar to Asset Specialist and Manager Roles Defined

Corcoran TC, LLC Services
Corcoran TC, LLC ServicesCorcoran TC, LLC Services
Corcoran TC, LLC ServicesAmanda Corcoran
 
Default Services Solution
Default Services Solution Default Services Solution
Default Services Solution msherrill
 
TonyEmuh new
TonyEmuh newTonyEmuh new
TonyEmuh newtony emuh
 
SHERYL PETERS RESUME 1
SHERYL PETERS RESUME 1SHERYL PETERS RESUME 1
SHERYL PETERS RESUME 1Sheryl Peters
 
Nkffr Transaction Marketing Assistant 10 3 12
Nkffr Transaction Marketing Assistant 10 3 12Nkffr Transaction Marketing Assistant 10 3 12
Nkffr Transaction Marketing Assistant 10 3 12Lisa Amidon
 
March 2016 Resume _3_
March 2016 Resume _3_March 2016 Resume _3_
March 2016 Resume _3_Kit Carson
 
Transaction Coordinator for Hire
Transaction Coordinator for HireTransaction Coordinator for Hire
Transaction Coordinator for HireJulie Tozer
 
Valerie Herrero Resume Linked In
Valerie  Herrero Resume   Linked InValerie  Herrero Resume   Linked In
Valerie Herrero Resume Linked InValerieHerrero
 
Monique's Buget-Financial-Program Analyst Resume
Monique's Buget-Financial-Program Analyst Resume Monique's Buget-Financial-Program Analyst Resume
Monique's Buget-Financial-Program Analyst Resume monique Galloway
 
A 2 - Audit Administration Procedures.docx
A 2 - Audit Administration Procedures.docxA 2 - Audit Administration Procedures.docx
A 2 - Audit Administration Procedures.docxSasuke Itachi
 

Similar to Asset Specialist and Manager Roles Defined (20)

Corcoran TC, LLC Services
Corcoran TC, LLC ServicesCorcoran TC, LLC Services
Corcoran TC, LLC Services
 
Angela McCollum
Angela McCollumAngela McCollum
Angela McCollum
 
TCC Price Sheet
TCC  Price SheetTCC  Price Sheet
TCC Price Sheet
 
Default Services Solution
Default Services Solution Default Services Solution
Default Services Solution
 
Operation plan
Operation planOperation plan
Operation plan
 
TonyEmuh new
TonyEmuh newTonyEmuh new
TonyEmuh new
 
Virtual time saver
Virtual time saverVirtual time saver
Virtual time saver
 
Virtual time saver
Virtual time saverVirtual time saver
Virtual time saver
 
SHERYL PETERS RESUME 1
SHERYL PETERS RESUME 1SHERYL PETERS RESUME 1
SHERYL PETERS RESUME 1
 
E I Coert
E I CoertE I Coert
E I Coert
 
DC updated 7-27-16 gen
DC updated 7-27-16 genDC updated 7-27-16 gen
DC updated 7-27-16 gen
 
Flyer
FlyerFlyer
Flyer
 
Nkffr Transaction Marketing Assistant 10 3 12
Nkffr Transaction Marketing Assistant 10 3 12Nkffr Transaction Marketing Assistant 10 3 12
Nkffr Transaction Marketing Assistant 10 3 12
 
March 2016 Resume _3_
March 2016 Resume _3_March 2016 Resume _3_
March 2016 Resume _3_
 
RESUME
RESUMERESUME
RESUME
 
Transaction Coordinator for Hire
Transaction Coordinator for HireTransaction Coordinator for Hire
Transaction Coordinator for Hire
 
JC resume 2011 revised
JC resume 2011 revisedJC resume 2011 revised
JC resume 2011 revised
 
Valerie Herrero Resume Linked In
Valerie  Herrero Resume   Linked InValerie  Herrero Resume   Linked In
Valerie Herrero Resume Linked In
 
Monique's Buget-Financial-Program Analyst Resume
Monique's Buget-Financial-Program Analyst Resume Monique's Buget-Financial-Program Analyst Resume
Monique's Buget-Financial-Program Analyst Resume
 
A 2 - Audit Administration Procedures.docx
A 2 - Audit Administration Procedures.docxA 2 - Audit Administration Procedures.docx
A 2 - Audit Administration Procedures.docx
 

More from Jason (Jake) Davis

More from Jason (Jake) Davis (6)

CliftonStrengths Talent Report
CliftonStrengths Talent ReportCliftonStrengths Talent Report
CliftonStrengths Talent Report
 
LIFE GROUP PROJECT
LIFE GROUP PROJECTLIFE GROUP PROJECT
LIFE GROUP PROJECT
 
Life Group Project
Life Group ProjectLife Group Project
Life Group Project
 
The Influencer- A Guide to Social Selling
The Influencer- A Guide to Social SellingThe Influencer- A Guide to Social Selling
The Influencer- A Guide to Social Selling
 
The Influencer
The InfluencerThe Influencer
The Influencer
 
HOA Flyer
HOA FlyerHOA Flyer
HOA Flyer
 

Recently uploaded

Pitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deckPitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deckHajeJanKamps
 
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxGo for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxRakhi Bazaar
 
EUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersEUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersPeter Horsten
 
digital marketing , introduction of digital marketing
digital marketing , introduction of digital marketingdigital marketing , introduction of digital marketing
digital marketing , introduction of digital marketingrajputmeenakshi733
 
Fundamentals Welcome and Inclusive DEIB
Fundamentals Welcome and  Inclusive DEIBFundamentals Welcome and  Inclusive DEIB
Fundamentals Welcome and Inclusive DEIBGregory DeShields
 
How to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHow to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHelp Desk Migration
 
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdfChris Skinner
 
Introducing the AI ShillText Generator A New Era for Cryptocurrency Marketing...
Introducing the AI ShillText Generator A New Era for Cryptocurrency Marketing...Introducing the AI ShillText Generator A New Era for Cryptocurrency Marketing...
Introducing the AI ShillText Generator A New Era for Cryptocurrency Marketing...PRnews2
 
Rakhi sets symbolizing the bond of love.pptx
Rakhi sets symbolizing the bond of love.pptxRakhi sets symbolizing the bond of love.pptx
Rakhi sets symbolizing the bond of love.pptxRakhi Bazaar
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
Neha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and CareerNeha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and Careerr98588472
 
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdfGUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdfDanny Diep To
 
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Aggregage
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAScathy664059
 
WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfJamesConcepcion7
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...Hector Del Castillo, CPM, CPMM
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxRich Reba
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...SOFTTECHHUB
 
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh JiPsychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh Jiastral oracle
 

Recently uploaded (20)

Pitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deckPitch Deck Teardown: Xpanceo's $40M Seed deck
Pitch Deck Teardown: Xpanceo's $40M Seed deck
 
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxGo for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
 
Authentically Social - presented by Corey Perlman
Authentically Social - presented by Corey PerlmanAuthentically Social - presented by Corey Perlman
Authentically Social - presented by Corey Perlman
 
EUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersEUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exporters
 
digital marketing , introduction of digital marketing
digital marketing , introduction of digital marketingdigital marketing , introduction of digital marketing
digital marketing , introduction of digital marketing
 
Fundamentals Welcome and Inclusive DEIB
Fundamentals Welcome and  Inclusive DEIBFundamentals Welcome and  Inclusive DEIB
Fundamentals Welcome and Inclusive DEIB
 
How to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your BusinessHow to Conduct a Service Gap Analysis for Your Business
How to Conduct a Service Gap Analysis for Your Business
 
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
20220816-EthicsGrade_Scorecard-JP_Morgan_Chase-Q2-63_57.pdf
 
Introducing the AI ShillText Generator A New Era for Cryptocurrency Marketing...
Introducing the AI ShillText Generator A New Era for Cryptocurrency Marketing...Introducing the AI ShillText Generator A New Era for Cryptocurrency Marketing...
Introducing the AI ShillText Generator A New Era for Cryptocurrency Marketing...
 
Rakhi sets symbolizing the bond of love.pptx
Rakhi sets symbolizing the bond of love.pptxRakhi sets symbolizing the bond of love.pptx
Rakhi sets symbolizing the bond of love.pptx
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
Neha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and CareerNeha Jhalani Hiranandani: A Guide to Her Life and Career
Neha Jhalani Hiranandani: A Guide to Her Life and Career
 
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdfGUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
GUIDELINES ON USEFUL FORMS IN FREIGHT FORWARDING (F) Danny Diep Toh MBA.pdf
 
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
 
14680-51-4.pdf Good quality CAS Good quality CAS
14680-51-4.pdf  Good  quality CAS Good  quality CAS14680-51-4.pdf  Good  quality CAS Good  quality CAS
14680-51-4.pdf Good quality CAS Good quality CAS
 
WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdf
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptx
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
 
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh JiPsychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
 

Asset Specialist and Manager Roles Defined

  • 1. Defining the duties for Asset Specialist and Asset Manager
  • 2. Asset Specialist Duties  Completing the 1004 report from LPS.  Assign Brokers.  Creating and sending out required documents for brokers and occupants including the SCRA “Know your rights letter”.  Receiving required broker document and place in file.  Ordering BPO and appraised values.  Reviewing and approving trash out within approval level.  Working Queue on a daily basis  Submitting reports to Manager by EOB on Fridays (Premarketing queue, VNL and Occupied properties)
  • 3. Asset Specialist Duties  Completing the top portion of the PDP.  Preparing listing package, printing and placing in file for Asset manager to complete once approved.  Place F/C Deed and broker’s documents in file  Once Asset Manager sends out Listing Package the file is handed back to Asset Specialist.  Once signed Listing Agreement and MLS are received, place in file and file in cabinets immediately.  Preparing LPR’s once AM has submitted report via email to AS.  Prepare check requests for invoices received from brokers.  Reviewing emails.
  • 4. Asset Specialist Duties Shared duties to include, but not limited to the following:  Requesting MMR’s from Brokers and uploading MMR’s to LPS.  Faxing, scanning and filing when time permits.
  • 5. Asset Manager Duties  Reviewing emails for preservation, title issues offers and bid approvals.  Work the marketing queue daily to complete and clear current tasks including LPR’s, MMR’s and confirming scheduled closings.  Review values and complete the PDP, once approved fax or email PDP to USDA.  If there is a variance in values request AS to order a 3rd value.  Once PDP is approved by USDA, complete listing task in LPS, submit PDP approval and listing package to management for approval.  Send Listing package to Broker and handoff file to Asset Specialist.
  • 6. Asset Manager Duties  Review and negotiate offers daily via email and upload negotiated email to broker via LPS for tracking purposes.  Confirm that Recorded FCL Deed is in the file and LPS  Confirm all Broker documents are complete including Signed Listing and MLS.  Review Safeguard reports and valuations for disclosing material defects.  Once offer is negotiated, confirm all contract documents are correct and complete including the closing instructions.  Submit contract to USDA if required and to management for approval and execution.
  • 7. Asset Manager Duties  Once contract has been executed, email contract and closing package to Broker and or Auction company.  AM to hold file if there are missing documents or additional information is required.  If executed contract is complete bring file to closing cabinet.  Complete LPR’s from queue daily and forward a daily report to AS to prepare LPR sheet for management approval.  Once LPR is approved by management submit to AS to send to broker via fax or email.  When invoicing is received review for proper approvals and forward or place in shared inbox for AS to prepare invoice cover sheet.  Complete reports as requested, including the monthly aged reports.
  • 8. Asset Manager Duties Shared duties to include, but not limited to the following:  Requesting MMR’s from Brokers and uploading MMR’s to LPS.  Faxing, scanning and filing is the AM’s responsibility, however the AS can assist when time permits.