Sr. Special Assets Specialist

Who We Are:
Dominion Financial Services (DFS) is a nationally recognized private lender dedicated to supporting real estate investors. With a focus on Short-Term Bridge Loans and Long-Term Rental Loans, DFS empowers clients to scale their businesses and build lasting generational wealth. DFS stands out as a leader, consistently achieving strong, measurable growth quarter after quarter. We are currently seeking a detail-oriented and driven Sr. Special Assets Specialist to join our rapidly expanding team and contribute to our mission of empowering real estate investors across the nation.
At Dominion, we are committed to building a culture of continuous improvement and innovation. We embrace emerging technologies, including AI, to help our team members work more efficiently, solve problems more effectively, and create greater impact in their roles. Employees are encouraged to explore new tools and processes that improve productivity, enhance the customer experience, and support the company's growth.
Our Company's Core Values
Integrity
Accountable & Dependable
Team Centric
System & Process Oriented
Service Ethic
Organized Efficiency - Risk Management & Compliance
Position Summary
The Foreclosure & REO Specialist manages and oversees all foreclosure, bankruptcy, real estate owned (REO), and eviction activity across Dominion Financial Services' business purpose loan portfolio. This role is the primary point of accountability for moving defaulted, non-owner-occupied investment property loans through foreclosure (judicial and non-judicial, as applicable by state), bankruptcy, securing and preserving the collateral, managing occupant eviction where required, and overseeing the REO asset through marketing, sale, and closing. The role works closely with the Director of Asset Management’s outside counsel in each applicable jurisdiction, property preservation and eviction vendors, brokers, and title/closing agents to minimize loss severity and timeline-to-resolution on the Special Assets book.
Essential Duties And Responsibilities
Manage the end-to-end foreclosure process for defaulted business purpose loans across multiple state jurisdictions, coordinating with local/outside counsel on judicial and non-judicial foreclosure timelines, filings, and sale dates
Track and report foreclosure status, key dates, and aging across the active foreclosure pipeline; escalate delays, contested matters, or bankruptcy filings to the Director of Asset Management
Oversee post-foreclosure eviction and forcible-entry-and-detainer actions against borrowers, guarantors, tenants, or other occupants, coordinating with local eviction counsel and law enforcement/process servers as required by jurisdiction
Take possession of and manage REO assets after foreclosure sale, including securing the property, coordinating property preservation (winterization, lock changes, debris removal, repairs), and managing preservation vendor invoices and quality control
Order and review valuations to establish REO listing strategy and pricing in coordination with the Director of Asset Management
Select and manage listing brokers, negotiate and review purchase offers, and coordinate REO sale closings with title companies, closing agents, and legal counsel
Maintain accurate, audit-ready records of each foreclosure and REO file, including attorney correspondence, court filings, preservation activity, valuations, and sale documentation, within the company's loan servicing/asset management systems
Ensure all foreclosure, eviction, and REO disposition activity complies with applicable state real property, foreclosure, and landlord-tenant law, and with investor and company guidelines for business purpose (non-owner-occupied, non-consumer) collateral
Partner with Special Assets, Servicing, and Legal/Compliance to identify portfolio-level trends, timeline bottlenecks, and vendor performance issues, and recommend process improvements
Prepare regular status reporting on the foreclosure and REO pipeline for Special Assets and executive leadership
Qualifications — Education And Experience
Bachelor's degree in business, real estate, paralegal studies, or a related field preferred; equivalent professional experience will be considered in lieu of a degree
Minimum of 3–4 years of direct experience in mortgage or commercial loan default servicing, foreclosure, REO asset management, or a closely related real estate/legal function
Experience with business purpose or commercial (non-owner-occupied) loan products strongly preferred over traditional consumer mortgage servicing experience
Demonstrated experience coordinating outside counsel across multiple state jurisdictions on foreclosure and eviction matters
Experience managing REO listings, sales, and closings, including broker and vendor oversight
Knowledge, Skills, and Abilities
Working knowledge of judicial and non-judicial foreclosure procedures and of forcible entry/detainer (eviction) processes, and the ability to learn and track requirements across the states in which the company lends
Understanding of the distinction between business purpose/commercial loan collateral and owner-occupied consumer mortgages, including the related differences in applicable foreclosure and servicing law
Strong organizational skills and the ability to independently manage a high-volume caseload of time-sensitive, legally significant matters
Excellent written and verbal communication skills, including the ability to communicate clearly with outside counsel, borrowers, guarantors, brokers, and internal leadership
High attention to detail and comfort working in an audited, compliance-sensitive environment
Proficiency in Microsoft Excel and Word; experience with loan servicing or asset management software preferred
Ability to exercise sound judgment and escalate appropriately on contested, high-risk, or unusual matters
AI-Enabled Workplace
Our company actively incorporates artificial intelligence into daily operations and expects team members to utilize AI tools as part of their standard workflow. All employees are provided with access to Claude, including unlimited token usage, and are encouraged to leverage AI to increase productivity, automate routine tasks, improve communication, enhance decision-making, and drive innovation. Experience with AI tools is preferred, and a willingness to adopt AI-assisted work practices is expected for this role.
Benefits:
Health insurance
Dental insurance
Vision insurance
401(k)
401(k) matching
Paid time off
While At Dominion You Will Enjoy:
Company outings & social events
Virtual events
Companywide competitions and raffles
Personal financial workshops
Orioles season tickets
Powered by JazzHR
J4rWJBNk91

Work arrangement
Yes