Lee Green

Lee Green

REO Specialist

Followers of Lee Green3000 followers
location of Lee GreenGreater Houston

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  • Timeline

  • About me

    Real Estate Asset Management

  • Education

    • Texas A&M University

      1999 - 2000
      Mechanical Engineering
    • LSU Shreveport

      2003 - 2004
      Bachelor of Science (B.S.) Business Administration

      Activities and Societies: Kappa Alpha Psi Fraternity - Xi Alpha Chapter, Baseball Team

    • The University of Texas at Arlington

      2001 - 2002
      Business Administration and Management, General
    • New Mexico Junior College

      2000 - 2001
      Business Administration and Management, General

      Activities and Societies: Baseball team

  • Experience

    • Nationstar Mortgage

      Apr 2005 - Dec 2007
      REO Specialist

      Oversaw the assignment and comprehensive training of broker networks across theEast Coast, ensuring they were equipped with the knowledge and resources neededto effectively market and sell properties.• Oversaw vendor network to met performance metrics by adheringto strict timelines while providing detailed guidance on companyprocesses, compliance standards, and market-specific strategies to maximizeperformance and align with organizational objectives.• Coordinated the ordering and review of BPOs, interior appraisals, and appraisalevaluations to ensure accurate property valuations.• Managed the procurement of repair bids to assess necessary improvementsfor maximizing property value. Show less

    • GMAC/Residential Capital Corporation

      Jan 2008 - Oct 2009
      REO Asset Manager

      Managed broker networks, vendors, contractors, and other stakeholders whileoperating within delegated authority for a large investor-owned portfolio. Oversawterritories including Virginia, Florida, Massachusetts, South Carolina, Georgia, andothers. Consistently maintained an average run-off rate of over 31%.• Supervised broker networks, vendors, support staff, and title companies toensure seamless coordination and strict compliance throughout the entireacquisition-to-disposition process.• Evaluated property valuation information, reconciled and/or supportedrecommended changes.• Assessed capital expenditures and refurbishment bids, authorizing repairs asnecessary.• Listed properties for sale, reviewed and negotiated offers, and securedapprovals as required. Show less

    • Vendor Resource Management

      Oct 2009 - Apr 2013
      Senior REO Asset Manager

      Managed the disposition of over 2,500 assets, maintaining an average estimated market value accuracy of 95%. Effectively oversaw a diverse small portfolio of multifamily assets alongside Freddie Mac inventory; coordinating an extensive network of brokers, vendors, and contractors across challenging markets, including Kentucky, New York, New Jersey, Ohio, Pennsylvania, Michigan, and Illinois. • Managed a portfolio of 200-225 REO disposition assets, focusing on maximizing ROI and providing exceptional client service.• Reviewed various valuations (BPO, Appraisal, etc.) to assess and recommend accurate market values.• Developed and presented REO marketing plans, along with pricing strategies, for client approval.• Negotiated sales contract terms with brokers, Client Sales Associates, and consumers to meet recovery targets, while maintaining a positive and professional approach.• Approved repair bids, tracked repair costs, and ensured timely completion to meet client expectations.• Managed broker networks, vendors, and title companies to ensure smooth coordination and full compliance throughout the acquisition-to-disposition life cycle. Show less

    • American Homes 4 Rent

      Dec 2013 - Oct 2014
      Leasing Consultant

      Managed the leasing of over 150 single-family homes across the Dallas/Fort Wortharea, consistently averaging 20 leases per month. Maintained a strong focus onethics, high-quality service, and customer satisfaction throughout the leasingprocess.• Converted leads from marketing activities into fully executed leases.• Collected security deposits and initial rent payments from new tenants.• Utilized strong customer service and a consultative sales approachto understand tenants' needs regarding property features, communityamenities, schools, and location. Show less

    • Shellpoint Mortgage Servicing

      Jan 2015 - Nov 2015
      REO Asset Manager II

      Managed a portfolio of 125-150 investor-owned properties, providing oversight ofbroker networks, vendors, and contractors with a focus on maximizing investorreturns. Consistently achieved the highest run-off percentage among assetmanagers, showcasing superior performance and effectiveness.• Supervised REO Asset Manager Level 1 to ensure timeliness and accuracy ofwork.• Presented marketing strategies, pricing adjustments, repair bids, and offers toinvestors for approval.• Reviewed inspection reports, offers, sales contracts, and closing documents.• Managed expenses related to valuation, preservation, and closing processes.• Coordinated contractual services for inspections, appraisals, contractors, andbrokers. Show less

    • Renters Warehouse

      Apr 2016 - Feb 2017
      Real Estate Professional

      Cultivated and maintained strong relationships with property owners managing a diverse portfolio of 25-30 residential single-family and multifamily properties in Southwest Houston. Focused on maximizing return on investment for investors while consistently achieving organizational sales objectives. • Reported directly to the CEO and COO, providing regular updates and insights.• Conducted rental property price analyses and delivered compelling sales presentations to prospective clients.• Processed background checks for potential tenants to ensure suitability.• Oversaw move-in and move-out inspections, conducted property visits, and facilitated showings.• Managed collection of first-month rent and deposits from new tenants to ensure seamless onboarding. Show less

    • Dakota Asset Services

      Mar 2017 - Jun 2018
      REO Asset Manager

      Managed diverse portfolios of 150-200 investor-owned single-family andmultifamily properties, overseeing the entire process from acquisition to the receiptof sale proceeds. Consistently delivered exceptional accountability and customerservice to investors.• Management of REO assets, including listing, pre-marketing, evictions, offernegotiations, and closing processes.• Oversaw broker networks, vendors, and title companies to ensure seamlesscompliance and coordination throughout the acquisition-to-dispositionprocess.• Reviewed and approved repair bids, ensuring projects were completed ontime and within budget.• Monitored and ensured adherence to pre-marketing timelines to optimizeproperty readiness.• Negotiated offers and facilitated final approvals from Senior Management andInvestors.• Assessed initial property values and developed targeted marketing strategiesto maximize returns.• Conducted reviews of delinquent taxes, invoices, HOA violations, and budgetcompliance to ensure seamless asset management. Show less

    • Opendoor

      Jun 2018 - Nov 2024

      Successfully managed the resale of residential acquisition portfolios across Central markets, while assessing and mitigating risks of Acquisitions in East markets. Consistently optimized operational efficiency and maximized return on investment through strategic decision-making and market evaluation.• Conducted detailed underwriting of acquisition contracts to ensure accuratepricing and establish estimated gross margins.• Performed in-depth analyses of residential real estate markets and trendsto determine initial resale pricing aligned with market conditions whilemaximizing gross margins.• Managed listed inventory by evaluating agent feedback and monitoringproperty activity to ensure competitiveness within the market.• Assessed and recommended price adjustments as needed to align withmarket dynamics.• Oversaw escalations for offers, negotiated appraisal and contract pricediscrepancies, and facilitated repair negotiations for REIT-related requests.• Evaluated property conditions and compared key features to neighborhoodcomparable sales to identify modernization opportunities, enhance propertymarketability, and maximize resale potential.• Provided actionable insights on market conditions, emerging risks, andopportunities, while tracking competitor activity to assess the competitivelandscape.• Training and mentored Pricing Analysts Levels 1 and 2, demonstratingbest practices and implementing process improvements to enhance theirefficiency and performance. Show less

      • Portfolio Manager

        Jan 2019 - Nov 2024
      • Acquisitions Associate

        Jun 2018 - Jan 2019
  • Licenses & Certifications

    • Real Estate Salesperson License

      Texas Real Estate Commission
      Feb 2011