Chief Credit Officer
Posted: 20 May, 2024
Organization: Dominion Financial Services
Location: Baltimore, MD
Dominion Financial Services (DFS) is a nationwide business purpose lending residential mortgage originator. 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 $60MM per month. DFS is looking for a Chief Credit Officer to help manage our growing business.
Our Company’s Core Values
• Integrity
• Accountable & Dependable
• Team Centric
• System & Process Oriented
• Service Ethic
• Organized Efficiency - Risk Management & Compliance
Responsibilities:
• Act as loan committee to provide approvals / modifications on new originations, extensions and workouts for loans held on balance sheet
• Business development for DFS’s Lender Finance business
• Design & maintain DFS’s risk management and compliance policies & procedures
• Manage classified assets throughout the loss mitigation process
• Monitor covenants in capital market loan documents & MLPAs to maintain compliance
Requirements
• Strong familiarity with the business purpose lending space
• Direct construction management & real estate valuation experience
• 10yrs+ of residential real estate investment experience
• 10yrs+ of experience managing teams
• 5yrs+ of legal experience on an institutional capital markets context
Preferred Qualifications
• 1-4 unit residential development experience a plus
• Experience working with Salesforce a plus
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
• Employee discount programs
