Default Asset Coordinator - Dominion Financial Services
Baltimore, MD 21202
About the Job
Job Description:
Dominion Financial Services (DFS) is a mortgage originator for single family real estate. DFS originates two main loan products – a short term bridge loan for fix & flip investors, and a long-term rental loan for landlords growing their rental portfolios. DFS is thriving in the current competitive environment and shows aggressive quarterly growth. Our current origination volume is $70MM per month. DFS is looking for a detail-oriented Default Asset Coordinator to join our growing team.
This is a dynamic opportunity for an experienced default management professional to oversee distressed residential construction and fix-and-flip assets. The role combines strategic asset management with hands-on default administration to maximize recovery and minimize losses.
Our Company's Core Values:
Responsibilities:
Asset Management & Strategy
Required Qualifications:
Dominion Financial Services (DFS) is a mortgage originator for single family real estate. DFS originates two main loan products – a short term bridge loan for fix & flip investors, and a long-term rental loan for landlords growing their rental portfolios. DFS is thriving in the current competitive environment and shows aggressive quarterly growth. Our current origination volume is $70MM per month. DFS is looking for a detail-oriented Default Asset Coordinator to join our growing team.
This is a dynamic opportunity for an experienced default management professional to oversee distressed residential construction and fix-and-flip assets. The role combines strategic asset management with hands-on default administration to maximize recovery and minimize losses.
Our Company's Core Values:
- Integrity
- Accountable & Dependable
- Team Centric
- System & Process Oriented
- Service Ethic
- Organized Efficiency – Risk Management & Compliance
Responsibilities:
Asset Management & Strategy
- Drive loss mitigation strategies for defaulted construction and fix-and-flip loans
- Develop and execute asset disposition strategies
- Evaluate market conditions and property valuations
- Monitor portfolio performance and risk metrics
- Manage end-to-end default process including:
- Property preservation
- Foreclosure proceedings
- Bankruptcy cases
- Eviction actions
- REO acquisition and disposition
- Ensure compliance with federal/state regulations
- Maintain accurate default tracking and reporting
- Conduct regular file audits and quality control
- Coordinate with legal counsel on foreclosure and bankruptcy matters
- Oversee property preservation vendors and property managers
- Collaborate with real estate professionals on valuation and disposition
- Communicate effectively with internal teams and borrowers
- Build and maintain strong vendor relationships
Required Qualifications:
- 5-8 years of direct experience in default management
- Proven track record managing distressed real estate assets
- Strong knowledge of the foreclosure and bankruptcy processes, property preservation requirements, REO management, and real estate valuation.
- Excellence in problem solving, decision making, written/verbal communication, project management, and data analysis.
- Bachelor's degree in related field or equivalent experience
- Proficiency in Microsoft Office and asset management systems
- Construction / fix-and-flip experience
- Experience with multiple state jurisdictions
- Salesforce experience
- Strategic thinker with strong analytical capabilities
- Results-driven with focus on loss mitigation
- Excellent project management and organizational skills
- Ability to manage multiple priorities in fast-paced environment
- Strong attention to detail while maintaining big picture perspective
- Proactive communicator with proven relationship building skills
- Company outings & social events
- Virtual events
- Companywide competitions and raffles
- Personal financial workshops
- Orioles season tickets
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Source : Dominion Financial Services
