Loss Mitigation Specialist

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Dominion Financial

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2002

💸 Finance

🏠 Real Estate

💳 Fintech

Finance • Real Estate • Fintech

Dominion Financial is a full-service lender specializing in real estate investing. With over 20 years of experience and more than $3. 8 billion in loans funded, they provide a variety of loan products including rental loans, fix & flip loans, and new construction financing. Dominion Financial focuses on streamlining the borrowing process for real estate investors, ensuring quick pre-approval and closing in as little as 48 hours, allowing investors to seize opportunities with confidence.

📋 Description

• Early-Stage Risk Intervention: Monitor and review loans flagged for delinquency, performance issues, or borrower distress. • Partner with Relationship Managers to evaluate borrower circumstances and identify potential resolution paths. • Conduct borrower outreach to gather updated financial and project information. • Loss Mitigation Strategy Execution: Evaluate potential solutions including loan payment plans, short-term forbearance, loan extensions, partial paydowns, exit strategy adjustments. • Recommend appropriate mitigation strategies aligned with company risk guidelines. • Maintain professional communication with borrowers regarding delinquent accounts and mitigation options. • Document borrower interactions and action plans within servicing systems. • Portfolio Monitoring: Track the status of all active mitigation cases. • Ensure follow-up actions and deadlines are met. • Maintain accurate records and reporting related to mitigation efforts. • Internal Coordination: Collaborate with Servicing, Relationship Managers, Legal, and Special Assets teams when necessary. • Escalate cases that cannot be resolved through mitigation to the appropriate internal stakeholders. • Process Improvement & Innovation: Continuously look for opportunities to improve workflows, increase efficiency, and enhance the borrower experience. Leverage available technology and AI-powered tools to streamline administrative tasks, improve communication, and support decision-making.

🎯 Requirements

• Bachelor’s Degree in Finance, Business, Real Estate, or related field. • 3–5+ years of experience in loan servicing, loss mitigation, collections, or asset management. • Strong borrower communication and negotiation skills. • Ability to analyze borrower financial information and assess repayment capacity. • Experience managing delinquent or at-risk loan portfolios. • Experience with real estate lending, bridge loans, or construction lending preferred. • Background in private lending, mortgage servicing, or commercial lending preferred. • Prior experience with AI tools is a plus. • Familiarity with loan servicing platforms and CRM systems is preferred.

🏖️ Benefits

• Health insurance • Dental insurance • Vision insurance • 401(k) • 401(k) matching • Paid time off