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Renovo is a relationship-based lender who helps residential real estate investors fund their investment projects.
The Role
Support eviction, pre-marketing, and closing for REO assets: order and review valuations, process vendor invoices, maintain REO records, coordinate with counsel, brokers, and vendors, assist REO title closings, and ensure compliance with investor and internal guidelines.
Summary Generated by Built In
REO Analyst
Who We Are:
Renovo Financial is a rapidly growing Chicago-based private lender serving real estate investors who acquire and renovate single and multi-family residential properties. We pride ourselves on supporting clients by providing unparalleled service, from the loan application through the payoff. Renovo’s reliability and “win-win” solutions-oriented approach is just one reason why our repeat and referral rates far exceed the industry average. Renovo was honored to be named one of Crain’s 50 fastest-growing Chicago companies and the 2022 + 2023 + 2024 Top Workplace winner, as recognized by The Chicago Tribune.
Position Summary:
The REO (Real Estate Owned) Analyst will provide critical underwriting, valuation, and administrative support throughout the eviction, pre-marketing, and closing processes for REO assets. The ideal candidate possesses strong analytical ability, accuracy in valuation and invoicing, a solid understanding of REO timelines, and clear communication skills with internal stakeholders, brokers, and service vendors. This is non-exempt role reporting to the Vice President of REO Servicing at Renovo Financial.
Responsibilities:
- Support eviction and pre-marketing activities, coordinating with legal counsel and field vendors
- Assist in the REO closing process, ensuring all documentation and payments are complete
- Order and review valuations/appraisals to support pricing decisions
- Process invoices from vendors and ensure accurate coding and payment
- Maintain comprehensive records of REO activity, deadlines, and stakeholder communications
- Provide administrative support to REO team and REO title closing vendor as needed
- Collaborate with default and Default Servicing teams to transition assets efficiently
- Perform quality control to ensure compliance with internal guidelines and investor approval requirements Manage selling entity documents required to close REO sale transactions
Ideal Candidate:
The ideal candidate for this role will have:
- 2+ years’ experience in REO, bankruptcy, foreclosure, or asset management
- Understanding of eviction processes, REO timelines, and closing procedures
- Strong analytical and financial skills; familiarity with valuations and vendor invoicing
- Exceptional attention to detail and organizational skills
- Excellent communication, internal coordinators, attorneys, vendors, property managers
- Proficient in MS Excel, Outlook; experience with REO/asset management systems preferred
- High school diploma or equivalent; Associate’s/bachelor’s degree preferred
Behavioral Characteristics:
· Ethical Conduct: Uphold the highest standards of ethical conduct and professionalism.
· Self-Motivated: You take on tasks without waiting to be told what to do.
· Positive Attitude: You approach situations with a proactive and positive attitude.
· Adaptable: Ability to collaborate effectively with cross-functional teams and work in a fast-paced, dynamic environment.
· Team Player: You believe that to be successful you need to leverage and trust your team. You lead by example.
· Open-minded: Always seeks to find and develop creative solutions.
Renovo Financial is an equal opportunity employer. Renovo Financial does not discriminate in any employment actions (including hiring decisions) with regard to race, color, religion, national origin, citizenship status, ancestry, age, sex (including sexual harassment), sexual orientation, gender identity and expression, marital status, disability, military status or unfavorable discharge from military service or any other characteristic protected by law.
Renovo offers full-time employees a 401k plan with employer matching, paid time off, observance of company paid holidays, medical, dental, vision benefits for employees and their dependents, voluntary benefit offerings (life insurance and short-term disability), pre-tax FSA, commuter and dependent care benefits, maternity/paternity, hybrid work schedule, and more.
Skills Required
- 2+ years experience in REO, bankruptcy, foreclosure, or asset management
- Understanding of eviction processes, REO timelines, and closing procedures
- Strong analytical and financial skills, familiarity with valuations and vendor invoicing
- Exceptional attention to detail and organizational skills
- Excellent communication with internal coordinators, attorneys, vendors, and property managers
- Proficient in Microsoft Excel and Outlook
- Experience with REO/asset management systems
- High school diploma or equivalent
- Associate's or Bachelor's degree
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The Company
What We Do
Renovo Financial is a rapidly-growing Chicago-based private lender serving real estate investors who acquire and renovate single and multi-family residential properties. We pride ourselves on supporting clients by providing unparalleled service, from the loan application through the payoff.
Why Work With Us
We're almost the opposite of an online lending platform. We're very much "boots on the ground." The core strength of Renovo is our team. We have a team that is experienced, hungry, thoughtful, cares deeply about our customers and what they’re trying to do, and can handle not only great opportunity, but also can handle really great adversity.
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