Loan Workout Manager jobs in Hartford, CT
Loan Workout Manager directs and manages a team of professionals in restructuring commercial loans. Works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Being a Loan Workout Manager is responsible for collecting potential loans that are viable. Develops programs and manages strategies to reach performance goals. Additionally, Loan Workout Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Loan Workout Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Loan Workout Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)
Recently Added Loan Workout Manager jobs
Loan Originator
- Supreme Lending
-
Hartford, CT
FULL_TIME
-
- Under the direction of the branch and/or production manager, performs office or non-manual work directly related to the management or general business operations of Supreme Lending and its customers and markets and promotes Supreme Lending products and services to its client base of realtors, builders and potential and past clients.
DUTIES & RESPONSIBILITES:- Markets and promotes Supreme Lending's financial products
- Originates a minimum average of two transactions per month, by taking complete and accurate loan applications, using Supreme Lending's product set.
- Establishes and maintains relationships with realtors, builders and new home sales representatives in order to develop and retain existing business.
- Monitors overall customer interaction and interfaces with all parties involved on each individual loan from application to closing, including but not limited to counseling and pre-qualifying potential home buyers.
- Collects and analyzes information regarding the customer's income, assets, investments or debts.
- Evaluates Supreme Lending's loan products and services and determines which financial products best meet the customer's needs and financial circumstances.
- Advises the customer regarding the advantages and disadvantages of different loan products.
- Services existing customers and obtains all necessary support documents along with the appropriate fees and lock in information.
- Oversees the loan process by monitoring loan status and ensures conformity with terms.
- Communicates loan status to all interested parties, and obtains loan documentation after closing.
- Negotiates terms and conditions of loans with customers.
- Stays abreast of trends and developments in the local real estate market and competitive environment, as well as, changes in rules and regulations pertaining to private and government insured mortgages.
- Maintains a professional image and adheres to standards consistent with company policies and procedures.
- May supervise and direct the activities of other loan officer(s), loan officer assistant(s), or loan processor(s).
- Other duties as assigned.
JOB REQUIREMENTS:- High school diploma or equivalent.
- Appropriate licenses, if State required.
- A minimum of 12 months loan originator experience required for loan originator; minimum of 5 years loan originator experience required for senior loan originator.
- Interacts with regional & corporate departments, as well as realtors, sales agents, builders, appraisers, etc.
- Demonstrated judgment and decision making ability. Excellent and effective presentation and communication skills, both verbal and written.
- Ability to quickly assess and process large amounts of data and use of appropriate software technology.
- Must be active in the community and in those job-related organizations to enhance the network of beneficial contacts.
- Continue to expand knowledge of issues influencing the industry and the organization.
- Valid driver's license and current automobile liability insurance.
DISCLAIMER: The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the company. - 10 Days Ago
Loan Originator
- NORWICH COMMERCIAL GROUP
-
Avon, CT
OTHER
- Job Details Level: Experienced Job Location: Connecticut - Avon - Avon, CT Position Type: Full-Time/Part-Time Education Level: Not Specified Salary Range: Undisclosed DescriptionAt Norcom, we believe ...
- 26 Days Ago
Commercial Loan Officer
- New Silver
-
West Hartford, CT
FULL_TIME
- Commercial Real Estate Loan Officer (Specializing in Construction and Fix and Flip Lending)Location: Hybrid, within driving distance to CTSalary: On target earnings (base plus commission) of $150,000 ...
- 18 Days Ago
Mortgage Loan Originator
- New Silver
-
West Hartford, CT
FULL_TIME
- Inside Sales Representative - Loan Sales Location: Within 1 hour commute of HQ (CT)On Target Earnings - $150,000 Company Overview:New Silver is a fintech company dedicated to improving local communiti...
- 22 Days Ago
Mortgage loan originator
- Tag Lending Group, LLC
-
Simsbury, CT
FULL_TIME
- Position : Mortgage Loan Originator (Wholesale) - Full Time NOTE : " We're looking for licensed mortgage loan officers or those planning to obtain a license soon" MUST BE A ROCK STAR ON THE PHONES MUS...
- Just Posted
Mortgage Loan Originator
- Jet Direct Mortgage
-
Hartford, CT
FULL_TIME
- MORTGAGE LOAN ORIGINATOR All Mortgage Lenders talk about their competitive compensation, quick turn times, in house products, etc. Sure we all have those, but why focus on the things that are a given ...
- 13 Days Ago
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0 Loan Workout Manager jobs found in Hartford, CT area
Staff Accountant
- Purtill & Company, PC
-
Cheshire, CT
- Job Description Job Description STAFF ACCOUNTANT Purtill & Company is a 4-person CPA firm located conveniently to I-691 ...
- 4/25/2024 12:00:00 AM
Transportation Specialist
- Access Information Management
-
Enfield, CT
- We Are Access Access is the largest privately-held records and information management (RIM) services provider worldwide,...
- 4/24/2024 12:00:00 AM
Club Manager
- Snap Fitness
-
Essex, CT
- Snap Fitness is seeking an energetic Club Manager to join our team. The right candidate will have a passion for fitness;...
- 4/23/2024 12:00:00 AM
Sales Associate Part Time
- Orangetheory Fitness
-
West Hartford, CT
- Be fit. Change lives. Have fun. If you mention fitness within moments of meeting someone...if you encourage friends and ...
- 4/22/2024 12:00:00 AM
Les Mills Instructor (WH)
- The Edge Fitness Clubs
-
West Hartford, CT
- Job Description Who We ARE: When you work at the Best. Gym. Ever, you join the Best. Team. Ever. You'll walk into our cl...
- 4/22/2024 12:00:00 AM
Les Mills Instructor (MA)
- The Edge Fitness Clubs
-
Manchester, CT
- Job Description Who We ARE: When you work at the Best. Gym. Ever, you join the Best. Team. Ever. You'll walk into our cl...
- 4/22/2024 12:00:00 AM
Les Mills Instructor (BR)
- The Edge Fitness Clubs
-
Bristol, CT
- Job Description Who We ARE: When you work at the Best. Gym. Ever, you join the Best. Team. Ever. You'll walk into our cl...
- 4/22/2024 12:00:00 AM
Les Mills Instructor (HA)
- The Edge Fitness Clubs
-
Hamden, CT
- Job Description Who We ARE: When you work at the Best. Gym. Ever, you join the Best. Team. Ever. You'll walk into our cl...
- 4/22/2024 12:00:00 AM
About Hartford, Connecticut
Hartford is the capital city of Connecticut. It was the seat of Hartford County until Connecticut disbanded county government in 1960. The city is nicknamed the "Insurance Capital of the World", as it hosts many insurance company headquarters and is the region's major industry. It is the core city in the Greater Hartford area of Connecticut. Census estimates since the 2010 United States Census have indicated that Hartford is the fourth-largest city in Connecticut, behind the coastal cities of Bridgeport, New Haven, and Stamford.
Hartford was founded in 1635 and is among the oldest cities in th...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$155,977 to $244,468
Hartford, Connecticut area prices
were up 1.7% from a year ago
were up 1.7% from a year ago
What does a Loan Workout Manager do?
Loan Workout Manager in Chicago, IL
These loans are financed by Commercial Loan Officers who work alongside these companies to calculate the interest rate and repayment plan.
December 10, 2019
Loan Workout Manager in Louisville, KY
After the underwriting software produces a recommendation, loan officers review the output of the software and consider any additional information to make a final decision.
February 07, 2020
Loan Workout Manager in Greensboro, NC
Participate with Regional Managers and Team Leaders in developing business plans for the loan workout functions.
January 23, 2020