Loan Workout Officer jobs in the United States

Loan Workout Officer restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. Being a Loan Workout Officer typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Loan Workout Officer
  • First Bank - NJ
  • Hamilton, NJ FULL_TIME
  • Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.

    We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank’s 401k Plan.

    Position Summary:
    Responsible for managing, monitoring, and resolving the bank's deteriorating and non-performing commercial and consumer loans. Other responsibilities will include participating in negotiations and related proceedings involving complex and difficult cases including SBA related loans; reviewing operational issues, verifying collateral, and pursuing collection opportunities; and having direct contact with borrowers and third-party vendors. This position calls for a strategic individual who thrives in a fast-paced environment who excels at problem resolution and managing various priorities simultaneously.

    Duties & Responsibilities:

    1. Manage a portfolio of problem loans and assist Loan Workout Manager with recommendations in the workout and foreclosure process, including Troubled Debt Restructurings, Forbearance Agreements and Deeds-In-Lieu of Foreclosure.

    2. Assist with management of the OREO portfolio.

    3. Coordinate with outside attorneys on more complex accounts, utilizing more in-depth knowledge of legal guidelines.

    4. Reviews workout plans and recommendations with department management. Provides background information on accounts and supports recommendations with clear explanations of data, reasoning, and analysis.

    5. Attends auctions of seized property to make minimum bids on assets to protect Company's financial position.

    6. Attends and participates in portfolio reviews and committee meetings and makes recommendations on approval documents.

    7. Completing other tasks as assigned.

    Qualifications:

    1. College Degree (B.S./B.A.) or equivalent job experience.

    2. 7-10 years Commercial Banking/Loan Workout experience.

    3. Knowledge of banking products, banking procedures and guidelines.

    4. Problem Solving and problem resolution skills.

    5. Strong oral and written communication skills.

    6. Ability to work independently.

    7. Excellent interpersonal skills.

    8. Professional demeanor and appearance.

    9. Self-motivated.

    10. Proficient in Microsoft Office.

    First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ can apply to our company for employment opportunities.

    Job Type: Full-time

    Pay: From $103,000.00 per year

    Benefits:

    • 401(k)
    • 401(k) matching
    • Dental insurance
    • Health insurance
    • Paid time off

    Compensation package:

    • Bonus opportunities

    Payment frequency:

    • Paid biweekly

    Schedule:

    • 8 hour shift
    • Monday to Friday

    Work setting:

    • In-person

    Experience:

    • Commercial Banking/Loan Workout: 7 years (Preferred)

    Ability to Commute:

    • Township of Hamilton, NJ 08690 (Preferred)

    Work Location: In person

  • 16 Days Ago

A
Loan Workout Officer
  • AgSouth Farm Credit
  • Statesboro, GA FULL_TIME
  • We are seeking a Special Assets Loan Officer to join our Farm Credit family! This position manages an assigned high-risk portion of the Association’s loan portfolio. Assembles and evaluates borrower f...
  • 1 Month Ago

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Mortgage Loan Officer / Loan Originator with Real Estate Leads
  • Mortgage Loan Officer
  • Belleville, MI FULL_TIME
  • Why work with us? Everything that we do is through the lens of Real Estate. Through the support of our team the loan officer becomes a part of the real estate team and actively works on real estate di...
  • 13 Days Ago

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Commercial Loan Workout Officer (Hybrid Remote) - To 90K - Texas - Job 3248
  • The Symicor Group
  • Austin, TX FULL_TIME
  • Our client is seeking to fill a Hybrid Remote Commercial Loan Workout Officer role located near either Austin, McAllen or Laredo, TX. The position is responsible for meeting with clients, performing c...
  • 1 Month Ago

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Loan Officer Assistant
  • Lend-A-Loan
  • Troy, MI FULL_TIME
  • Lend-A-Loan is looking for a mortgage loan officer assistant to join our top-producing team and assist our mortgage loan origination officers. This position requires a unique mix of sales and customer...
  • Just Posted

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Loan Officer Representative
  • Loan Factory
  • Garden, CA FULL_TIME
  • CA-Garden Grove Loan Factory is seeking a Loan Officer Representative to join our team. The Loan Officer Representative will be responsible for gathering and analyzing feedback from internal loan offi...
  • 11 Days Ago

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Sr Loan Officer
  • TD Bank, N.A.
  • Vienna, VA
  • Our Values. At TD, we're guided by our purpose to enrich the lives of our customers, communities and colleagues, and sha...
  • 3/29/2024 12:00:00 AM

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Loan Advisor
  • Congressional Federal Credit Union
  • Oakton, VA
  • The Loan Advisor contacts and assist members with the disbursement of their consumer loans and fulfill approved cross se...
  • 3/28/2024 12:00:00 AM

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Mortgage Loan Officer
  • Lafayette Federal Credit Union
  • Rockville, MD
  • Job Type Full-time Description Lafayette Federal Credit Union has earned the 2024 Top Workplaces award from USA Today! W...
  • 3/28/2024 12:00:00 AM

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Licensed Mortgage Loan Officer
  • UNITED 1 MORTGAGE CORPORATION
  • Tysons Corner, VA
  • Job Description Job Description We are seeking a Licensed Mortgage Loan Officer to become a part of our team! You will e...
  • 3/28/2024 12:00:00 AM

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Mortgage Loan Officer - DC
  • On The Money Talent Acquisition Partners
  • Washington, DC
  • On The Money Talent has been retained by 30-year-old National Mortgage News top 5 ranked "Best Large Mortgage Companies ...
  • 3/28/2024 12:00:00 AM

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Mortgage Loan Officer
  • Insight Global
  • Beltsville, MD
  • Insight Global is hiring a Loan Officer for one of our top Mortgage Lending clients. You will work directly with homebuy...
  • 3/27/2024 12:00:00 AM

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Licensed Mortgage Loan Officer
  • EmpowerHome Mortgage
  • Vienna, VA
  • Are you an experienced Mortgage Loan Broker looking for a new opportunity? We are seeking an experienced and detail-orie...
  • 3/27/2024 12:00:00 AM

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Mortgage Loan Officer
  • PNC Financial Services Group, Inc.
  • Chantilly, VA
  • Position Overview At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. ...
  • 3/25/2024 12:00:00 AM

Income Estimation for Loan Workout Officer jobs
$65,770 to $92,786