Manager Real Estate

James "Gilbert" Grubbs

**** *** **** **. ****: 972-613-

0585

Mesquite, TX 75150 ********@*****.*** Cell:

214-***-****

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SUMMARY

. Enthusiastic, hard-working manager with more than 16 years

experience in sales, office and financial management.

. Demonstrated expertise in strategic planning and implementation.

. Ability to motivate employees and vendors through a team-oriented

atmosphere.

. Possess strong analytical, negotiation and organizational skills,

ability to handle confidential material.

. Communicate effectively orally and in writing with internal and

external customers.

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PROFESSIONAL EXPERIENCE

GMAC ResCap, Dallas, TX 75204

REO Asset Manager Mar 2007 - Feb

2010

. Service REO portfolio varying in size from 200-250+ properties.

. Obtain initial values from various websites and place in central

database.

. Provide values to 3rd party for asset valuation.

. Develop Market Plan Strategy and submit to client for listing approval.

. List with agent upon approval, requesting repair bids if necessary.

. Reduce list price on every property, every 30 days.

. Obtain updated BPO with new pictures, every 75-80 days for 90 day re-

valuation.

. Negotiate all offers within parameters set forth by client.

. Execute contracts and distribute to agent and First American closing

office.

. Monitor closing progression, review HUD prior to approval.

. Train new asset managers to clients set of parameters and office systems

if new to company.

. Ensure adherence to current policies, laws and regulations.

James "Gilbert" Grubbs Page 2

EMC MORTGAGE, Irving, TX Dec 2000 - Mar 2007

REO Outsource Specialist

. Lead Client Manager directing efforts of 30+ employees with outsource

vendor.

. Manage and maintain 500+ REO (Real Estate Owned) properties available for

sale with an estimated value over $52,000,000.

. Develop and implement strategies to increase marketability.

. Evaluate and negotiate purchase offers to obtain best sale price.

. Oversee 50-75 properties closing monthly for $3 - $5 million net

proceeds.

. Locate, qualify, and set up new agents to strengthen and enhance

database.

. Train Marketing Specialists/Supervisors as hired or promoted.

. Review and approve in excess of $200,000 monthly for vendor expenses.

. Ensure adherence to current policies, laws and regulations.

. Travel quarterly to conduct aged asset reductions and audit of vendor

files for compliance with documentation and procedures.

. Direct construction or repairs necessary to enable an effective sale of

properties.

. Maintain vendor relationships, ability to motivate and manage vendors.

. Monitor legal issues and complaints concerning assets.

. Strong knowledge of fiduciary relationships and responsibilities.

. Experience in diverse markets with varying portfolio types and volumes.

. Proficient knowledge of PCs and related software such as Excel and Word.

FFG REALTORS, INC Apr 1993 - Dec 2000

Office Manager/Personal Assistant

. Plan and set up office environment for a recently opened Real Estate

office.

. Accounts receivable/payable.

. Train all new Real Estate agents and office personnel.

. Inspected foreclosed houses for occupancy, obtained exterior and

interior photos and perform valuation analysis.

. Coordinate leasing, management and rental collections for 30+ houses

and 60+ apartments.

. Strong knowledge of fiduciary relationships and responsibilities.

Education

Lower Columbia College 1987

* Associate of Arts, Data Processing & Computer Science

Military Experience

U.S. Navy 1975-1983

* Co-Authored "Submarine Satellite Communications Standard Operating

Procedures"

* 1 of 4 original Satellite Communications Operators

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