World Business Lenders, LLC

Sr. Vice President, Deputy General Counsel (Head of Asset Resolution Department)

Philadelphia, PA, USPosted 23 days ago

Job Description

About World Business Lenders

* At World Business Lenders (WBL), we provide flexible, short-term commercial loans backed by real estate to help small and medium-sized businesses across the United States — particularly those facing difficulties with traditional financing. We're a fast-moving, results-driven organization that takes security seriously as we continue to grow.

Role Overview

* Provide executive leadership and legal oversight for the Company’s Asset Resolution Department function, directing nationwide default litigation and other legal recovery strategies, overseeing Asset Resolution counsel, managing outside counsel relationships, and supporting portfolio performance and operational execution for non-performing commercial business loans secured by real estate.

Key Responsibilities & Achievements

  • Lead comprehensive legal recovery strategies across foreclosure (judicial and non-judicial), bankruptcy, lawsuits involving breach of note and guaranty, title claims, receivership, loan workouts, deed-in-lieu transactions, judgment enforcement, and collateral liquidation.
  • Provide executive oversight and direction to the Asset Resolution legal team, currently consisting of 10 Asset Resolution counsel and 6 support staff, while maintaining accountability for legal strategy, workload distribution, performance, and consistency of execution.
  • Oversee the legal management of an active portfolio of approximately 342 Asset Resolution cases, with each Asset Resolution counsel managing an average of approximately 35 active matters.
  • Oversee nationwide outside counsel by setting litigation strategy, managing legal spending, monitoring performance, reviewing legal invoices, coordinating payment of law firm invoices, and ensuring alignment with Company objectives and applicable legal and regulatory requirements.
  • Manage relationships with existing outside law firms and identify, evaluate, retain, and oversee new law firms to represent WBL

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