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)
The Outside Loan Officers primary role is to source, qualify and originate mortgage loans for Alterra Home Loans by working primarily outside the Companys offices to solicit and obtain business from referral sources such as realtors, builders, financial service providers and others as well as borrowers directly.
This position has no supervisory responsibilities.