Does anybody have insights on these specific roles? Which role would give someone the most well-rounded experience or are they pretty similar?
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LWO is about working out non-performing loans by negotiating with the borrower while REO is about selling real estate once the trust has taken control of the collateral. If you are looking for direct/equity experience, REO is the way to go. If you want to learn the ropes of distressed debt workouts, LWO would be best.
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