At a Glance
- Tasks: Manage property repairs and renovations for Real Estate Owned assets.
- Company: Join a dynamic team in the real estate industry.
- Benefits: Enjoy paid time off, health benefits, and a matching 401(k) plan.
- Other info: Great opportunity for career growth in a supportive environment.
- Why this job: Make a real impact by ensuring properties are market-ready.
- Qualifications: 2+ years in REO or construction coordination; strong organisational skills.
The predicted salary is between 30000 - 40000 £ per year.
The REO Repair Coordinator is responsible for managing and overseeing property repairs and renovations for Real Estate Owned (REO) assets. This role ensures properties are maintained in marketable condition by coordinating vendors, managing timelines, controlling costs, and ensuring compliance with investor and company guidelines.
Key Responsibilities
- Coordinate repair and renovations activities for assigned REO properties
- Review inspection reports, scopes of work (SOW), and repair bids
- Assign work orders to vendors based on quality, cost, and timelines
- Ensure timely completion of repairs
- Manage vendor relationships and performance
- Negotiate pricing and ensure competitive bids
- Ensure vendors meet licensing and insurance requirements
- Review and approve repair bids within authority limits
- Monitor expenses and identify cost-saving opportunities
- Conduct quality reviews and ensure completed work meets standards
- Maintain documentation and compliance with investor guidelines
- Collaborate with asset managers, contractors, listing agents, and investors
- Provide monthly performance reports to the investor
Required Qualifications
- High school diploma or equivalent (Bachelor’s preferred)
- 2+ years experience in REO, property preservation, or construction coordination
- Knowledge of residential repairs and maintenance
- Experience with vendor management
- Proficiency in Microsoft Excel
Skills & Competencies
- Strong organizational and time management skills
- Ability to manage multiple properties
- Detail-oriented
- Strong communication and negotiation skills
- Proficiency in Microsoft Office
- Analytical mindset
Preferred Qualifications
- Experience with systems such as Pyramid
- Knowledge of Fannie Mae, Freddie Mac, FHA, VA guidelines
- Construction or inspection certifications
Performance Metrics
- Repair turnaround time
- Budget adherence
- Vendor performance
- Market readiness timelines
- Compliance results
Benefits
- Paid Time Off (PTO)
- Medical, Dental & Vision
- Employee Assistance Program
- Flexible Spending Account
- Health Savings Account
- Paid Holidays
- Company paid Life Insurance
- Matching 401(k) Plan
The job requirements listed above are representative of the knowledge, skills, and/or abilities required. This job description is not an inclusive list of all duties and responsibilities of this position. Incumbents will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Selene reserves the right to amend and change responsibilities to meet business and organizational needs.
REO Repair Coordinator in Wideopen employer: Selene Finance LP
As a leading employer in the real estate sector, we pride ourselves on fostering a collaborative and supportive work culture that empowers our employees to excel in their roles. Our REO Repair Coordinator position offers competitive benefits, including comprehensive health plans and a robust 401(k) matching programme, alongside ample opportunities for professional growth and development. Located in a vibrant area, our team enjoys a dynamic work environment where innovation and teamwork are at the forefront of our mission to maintain properties in top condition.
StudySmarter Expert Advice🤫
We think this is how you could land REO Repair Coordinator in Wideopen
✨Tip Number 1
Network like a pro! Reach out to your contacts in the real estate and property management sectors. You never know who might have a lead on an REO Repair Coordinator position or can put in a good word for you.
✨Tip Number 2
Showcase your skills! When you get the chance to chat with potential employers, highlight your experience in vendor management and your knack for keeping projects on track. Use specific examples to demonstrate how you've saved costs or improved timelines.
✨Tip Number 3
Be proactive! Don’t just wait for job postings to pop up. Reach out directly to companies you admire, like us at StudySmarter, and express your interest in the REO Repair Coordinator role. A little initiative can go a long way!
✨Tip Number 4
Prepare for interviews by brushing up on industry guidelines and best practices. Familiarise yourself with Fannie Mae, Freddie Mac, and FHA regulations. This will show you're not just a fit for the role but also passionate about the field!
We think you need these skills to ace REO Repair Coordinator in Wideopen
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in REO, property preservation, or construction coordination. We want to see how your skills match the job description, so don’t be shy about showcasing relevant projects and achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the REO Repair Coordinator role. Share specific examples of how you've managed repairs or vendor relationships in the past – we love a good story!
Show Off Your Organisational Skills:Since this role requires strong organisational and time management skills, make sure your application reflects that. Use bullet points to clearly outline your responsibilities in previous roles and how you kept everything on track.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and submit your materials!
How to prepare for a job interview at Selene Finance LP
✨Know Your REO Stuff
Make sure you brush up on your knowledge of REO properties and the repair process. Familiarise yourself with common issues, inspection reports, and scopes of work. This will show that you're not just interested in the role but also understand the ins and outs of property management.
✨Vendor Management Insights
Since vendor relationships are key in this role, think about your past experiences managing vendors. Be ready to discuss how you've negotiated pricing or ensured compliance with guidelines. Specific examples will help demonstrate your skills and make you stand out.
✨Show Off Your Organisational Skills
This job requires strong organisational and time management skills. Prepare to talk about how you prioritise tasks and manage multiple projects simultaneously. You might even want to bring a sample timeline or project plan to illustrate your approach.
✨Be Ready for Compliance Questions
Compliance is a big deal in this role, so expect questions about how you ensure adherence to investor guidelines. Brush up on relevant regulations like those from Fannie Mae or Freddie Mac, and be prepared to discuss how you’ve handled compliance in previous roles.
