Commercial Loan Workout Officer restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer typically reports to a supervisor or manager. The Commercial Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
FUNCTION:
Originates real estate mortgages by sourcing prospective customers and proactively solicits new residential mortgage business. Continually identifies, develops and maintains a quality network of referral sources to generate mortgage sales to meet quarterly loan quality and production goals. Visits local Realtors, builders, accountants and utilizes available lead referral sources to identify prospects to obtain their individual sales results.
RESPONSIBILITIES:
3) Visits local Realtor’s, attorneys, accountants and other centers of influence in addition to using lead referral sources to facilitate the MLO’s mortgage sales efforts
4) Originate mortgage applications in adherence to company and investor program and pricing guidelines
Knowledge/Skills/Experience Requirements:
Employee must have an NMLS license or obtain and maintain a license as a condition of employment.
2 years of recent mortgage loan origination or similar sales background
College degree preferred
Excellent business acquisition and customer service skills and the ability to develop and maintain quality client relationships
Knowledge of conventional and government lending requirements
Knowledge of mortgage processing/underwriting/closing requirements
Knowledge of federal and state regulations concerning real estate lending
Solid time management skills including the ability to prioritize workload
Knowledge of Microsoft Office Products.
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0 Commercial Loan Workout Officer jobs found in Providence, RI area