Loan Workout Manager jobs in Yakima, WA

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)

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Commercial Loan Coordinator
  • WaFd Bank
  • Wenatchee, WA FULL_TIME
  • Min

    USD $42,500.00/Yr.

    Max

    USD $70,000.00/Yr.

    Job Summary

    The Loan Coordinator will work with Commercial Loan Processing, Relationship Officers, Relationship Managers, Directors and Division Managers to obtain necessary documents from clients to prepare a complete and accurate set of loan documents. The level of experience varies based on prior work experience, both inside and outside of the Company.

     

    Loan Coordinators provide operational support to Commercial Banking Officers in the ongoing management of WaFd Bank's portfolio of commercial loans as it relates to loan origination and funding, construction draw administration, compliance monitoring, regulatory adherence, collateral perfection, recordation and valuation, as well as general loan administration.

     

    WaFd Bank is proud of the high value that we all place on simply being kind when serving our co-workers and clients.

    • Builds and maintains productive relationships with existing clients.
    • Prepares correspondence to prospective clients.
    • Initiates credit and title reports, and appraisal orders for review by the Department.
    • Responsible for processing and closing loans according to the Bank's policies and procedures and regulatory guidelines.
    • Participates in business development and referral activities.
    • Coordinates with Commercial Loan Processing to provide all required loan documents necessary to perfect our security interest, as required by Credit Administration.
    • Delivers excellent customer service to the internal customers in the execution of all assigned business processing duties and within service level standards.
    • Opens escrow with title/escrow companies and sets up escrow files; orders payoffs.
    • Coordinates and facilitates initial loan booking/funding; reviews and approves loans and documents and resolves any title or other issues prior to loan closings
    • Coordinates with in-house experts or outside legal counsel on technical transactions.
    • Sets up the loan file, including preparation of loan documentation.
    • Coordinates closing with the escrow company.
    • Prepares boarding instructions.
    • Follows up on funding requirements and on any post-closing required loan documentation.
    • Follows the Bank's Information Security policies, ensuring that all customer information and confidential bank information is processed and handled in a secure manner and environment.
    • Completes special projects, as assigned by Manager.
    • Provides administrative and operational support to lending personnel, including clerical duties, related to loan closing and funding, weekly construction draw administration with subsequent loan advances and borrowing base tracking.
    • Responsible for loan (relationship) exception tracking, identifying, curing and evidencing with proper file documentation.
    • Manages local online file storage and document management (i.e., OnBase).
    • Maintains corresponding insurance files for all borrowers and loans (including, but not limited to, Builder's Risk and General Liability policies).
    • Assists with field audits as it relates to collateral monitoring, as requested.
    • Reviews and balances HUD-1 closing statements for verification of accuracy; approves funding disbursements and initiates initial funding wires, etc.
    • Reconciles, verifies and implements monthly unit interest billings for applicable Guidance Lines of Credit.
    • Prepares annual property tax payment audit.
    • Reviews, balances and maintains record-keeping for all legal and professional billings, including timely submission for payment, and obtaining appropriate approval documentation for all expenditures.
    • Facilitates recommendations to divisional management for policy inconsistencies and recommended revision implementation.
    • Communicates status of loan portfolio to management, including level of exception reporting, past due collections and loan maturity management.
    • Oversees daily teller drawer; loan disbursement balancing and management.
    • Adheres to all regulatory policies including BSA, CIP, IT, etc.

    Qualifications

    Education/Skills/Training:

    • Bachelors Degree, or High School equivalent plus relevant experience
    • A strong understanding of business lending terminology is required.
    • Ability to comprehend business loan supporting data and related data, including appraisals, environmental reports, title reports, borrower structures, leases.
    • Ability to organize and prioritize work assignments in a consistent manner to ensure timely and efficient production.
    • Ability to deal effectively and professionally with internal and external customers.
    Experience:
    • Preferred three years of experience in business loan processing and documentation.

    Benefits

    At WaFd Bank you get all of these great benefits!

    • Paid time off for vacation, sick days and holidays
    • Health insurance
    • Stock options
    • Bonus programs
    • Generous 7% 401(k) employer matching*
    • Paid Parental Leave
    • Life and AD&D insurance
    • Long-term disability
    • Tuition Reimbursement
    • Employee assistance programs
    • Pre-tax health and dependent-care spending plans

    WaFd Bank Benefits Summary - Click here for more information

    EEO Statement

    EEO is The Law - click here for more information

    Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

    We are committed to Equal Employment Opportunity and Affirmative Action.  We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic.  WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA).  If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375.

    Know Your Rights: Workplace Discrimination is Illegal - click here for more information

    Pay Transparency Nondiscrimination Provision - click here for more information

    WaFd Bank Benefits Summary - click here for more information

    Requisition Post Information* : Posted Date

    2/14/2024
  • 6 Days Ago

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Commercial Loan Officer
  • Wheatland Bank
  • Wenatchee, WA FULL_TIME
  • About The RoleNorth Cascades Bank, is seeking a Commercial Loan Officer to be an integral part of our team. The Commercial Loan Officer develops new commercial loan business and manages a portfolio of...
  • 1 Month Ago

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Commercial Loan Officer
  • Glacier Bancorp, Inc.
  • Wenatchee, WA FULL_TIME
  • About The RoleNorth Cascades Bank, is seeking a Commercial Loan Officer to be an integral part of our team. The Commercial Loan Officer develops new commercial loan business and manages a portfolio of...
  • 1 Month Ago

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300+ Days of Sunshine and Loan Forgiveness Await You in Washington State!
  • Curare Physician Recruiting
  • Yakima, WA FULL_TIME
  • Join a reputable multi-specialty group serving a great region of 70,000 people. Live and practice in a marvelous mountain area that offers all the outdoor activities you can desire and over 300 days o...
  • 12 Days Ago

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Home Based Primary Care PA needed in rural Washington. Up to 50K loan repayment! - 1524747EXPPLAT
  • LocumJobsOnline
  • Ellensburg, WA FULL_TIME
  • LocumJobsOnline is working with CompHealth to find a qualified Family Practice PA in Ellensburg, Washington, 98926!Pay Information$111,963 to $160,000 per yearAbout The PositionExcellent opportunity i...
  • 1 Month Ago

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Home Based Primary Care APP needed in rural Washington. Up to 50K loan repayment! - 1524813EXPPLAT
  • LocumJobsOnline
  • Ellensburg, WA FULL_TIME
  • LocumJobsOnline is working with CompHealth to find a qualified Family Practice NP in Ellensburg, Washington, 98926!Pay Information$111,963 to $160,000 per yearAbout The PositionExcellent opportunity i...
  • 1 Month Ago

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0 Loan Workout Manager jobs found in Yakima, WA area

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Registered Nurse - Med/Surg TELE
  • TotalMed
  • Yakima, WA
  • We are seeking a Registered Nurse-Medical Surgical / Telemetry for a travel assignment in Yakima Washington.
  • 3/18/2024 12:00:00 AM

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Greeter - English/Spanish Bilingual Required
  • Solarity Credit Union
  • Yakima, WA
  • Solarity Credit Union is seeking to hire a full time Greeter at our North 5th Branch! English/Spanish Bilingual Required...
  • 3/18/2024 12:00:00 AM

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Delivery, Assembly, and/or Repair Contractors - Yakima WA
  • AIT Worldwide Home Delivery
  • Yakima, WA
  • Overview: Delivery, Assembly, or Repair Contractors Job Type: Contract Settlements: potential to earn 40K-100K+ dependen...
  • 3/18/2024 12:00:00 AM

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CNA - Certified Nursing Assistant
  • Garden Village
  • Yakima, WA
  • Under new management, Garden Village is currently looking for caring, dedicated CNA's to join our growing team. From new...
  • 3/18/2024 12:00:00 AM

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General Radiologist - 17 Weeks Vacation PLUS 800K+ Earnings Potential
  • Yakima Valley Radiology, Inc., P.C.
  • Yakima, WA
  • Yakima Valley Radiology is searching for a diagnostic radiologist to join our private practice radiology group of 6 radi...
  • 3/18/2024 12:00:00 AM

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Therapist - Remote or Hybrid
  • COMPREHENSIVE HEALTHCARE
  • Yakima, WA
  • Job Details Job Location Yakima - Yakima, WA Remote Type Fully Remote Position Type Full Time Education Level Master's d...
  • 3/17/2024 12:00:00 AM

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Addus Certified Home Care Aide
  • ambercare
  • Yakima, WA
  • Now offering Daily Pay for select positions. Addus HomeCare is hiring immediately for Home Care Aides. This rewarding, e...
  • 3/17/2024 12:00:00 AM

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Restoration General Manager
  • Fleet Response
  • Yakima, WA
  • General Summary: Just Right Cleaning and Construction is seeking an Operations Manager to help pave the way for future g...
  • 3/17/2024 12:00:00 AM

Yakima (/ˈjækɪmɑː/ or /ˈjækɪmə/) is a city in and the county seat of Yakima County, Washington, and the state's eleventh-largest city by population. As of the 2010 census, the city had a total population of 91,067 and a metropolitan population of 243,231. The unincorporated suburban areas of West Valley and Terrace Heights are considered a part of greater Yakima. Yakima is about 60 miles (100 kilometers) southeast of Mount Rainier in Washington. It is situated in the Yakima Valley, a productive agricultural region noted for apple, wine and hop production. As of 2011, the Yakima Valley produc...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$146,093 to $228,978
Yakima, Washington area prices
were up 2.9% from a year ago

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These loans are financed by Commercial Loan Officers who work alongside these companies to calculate the interest rate and repayment plan.
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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.
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Loan Workout Manager in Greensboro, NC
Participate with Regional Managers and Team Leaders in developing business plans for the loan workout functions.
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