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.
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