AS/AM Task ManagementDefining the duties for Asset Specialist and Asset

Manager

Asset Specialist DutiesCompleting 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 basisSubmitting reports to Manager by EOB on Fridays

(Premarketing queue, VNL and Occupied properties)

Asset Specialist DutiesCompleting 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 fileOnce 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 DutiesShared 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 DutiesReviewing 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 DutiesReview 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 LPSConfirm 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 DutiesOnce 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 DutiesShared 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.