Job Description
Job Description
Who We Are:
Based in New Jersey and established in 2010, Asset Based Lending, LLC (“ABL”) is one of the nation’s leading Hard Money Lenders. We provide fast bridge financing to real estate investors for the purchase, renovation, or new construction of single family, multi-family and mixed-use properties as well as DSCR rental loans for long term investors. We have closed thousands of loans since we began lending fourteen years ago, producing nearly $3B in originations. ABL was acquired by a private equity firm in 2021, and with a renewed focus on growth, we’ve set our sights on consistent evolution and cementing our place as the premier private lender in the country.
Our Mission is Simple:
- Make Good Loans
- Provide Exceptional Service, Every Time
- Protect The Firm
- Build The Future
ABL Funding is looking for a detail-oriented Foreclosure Coordinator to support our Asset Management team as we manage a growing pipeline of delinquent loans, foreclosures, and force-placed insurance obligations. In this role, you will be at the center of our payoff, valuation, insurance, and documentation workflows — helping protect collateral and keep deals moving forward.
What You'll Do
- Process payoff requests from borrowers and escrow companies by gathering accurate loan data and coordinating with internal teams to confirm figures.
- Order and track appraisals and broker price opinions (BPOs); follow up with vendors to keep valuations on schedule and distribute results to the appropriate team members.
- Submit and manage property condition reports (PCRs) through the NVMS portal and route findings to Asset Management and Foreclosure teams.
- Monitor force-placed and borrower insurance coverage, track expirations, and escalate issues that may affect collateral protection or foreclosure strategy.
- Assist with recurring internal and executive reporting by preparing data pulls, summaries, and clean exports.
- Take meeting notes, track action items and decisions, and distribute summaries to relevant parties.
- Provide general operational support and assist with special projects to improve processes and data quality.
What You'll Bring
- Experience in loan servicing, foreclosure, real estate, title/escrow, or comparable back-office operations (preferred).
- Strong attention to detail and comfort working with numbers, dates, and legal and financial documentation.
- Solid Excel and general computer skills; experience with CRM or servicing platforms and cloud-based document storage is a plus.
- Ability to manage multiple tasks and deadlines in a fast-moving environment.
- Clear written and verbal communication skills; comfortable working with internal stakeholders and external vendors.
- A proactive, problem-solving mindset and genuine interest in improving processes over time.
Why This Role Matters
As delinquency, foreclosure, and insurance-related workloads continue to grow, this position is essential to keeping our team ahead of critical timelines and ensuring payoffs, valuations, PCRs, and insurance obligations are executed consistently and accurately. You will play a direct role in moving Asset Management from reactive catch-up work to proactive, organized execution.