Loan Workout Manager jobs in Pomona, CA

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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Loan Operations Unit Manager
  • East West Bank
  • El Monte, CA FULL_TIME
  • Introduction

    Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement. Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

    Overview

    East West Bank is seeking a Loan Operations Unit Manager. The Loan Operations Unit Manager is responsible for the day to day management of a Loan Operations Unit including but not limited to; customer complaints and research, payment processing and other financial activities, Demands & Payoffs, Adjustable Rate Management, escrow monitoring, Insurance and Tax monitoring, post closing collateral monitoring, Construction Disbursement, Quality Assurance, Investor Reporting, etc.  Oversight to all applicable regulatory compliance relative to Loan Servicing, Reconciliation and Quality Control is included in this role. 

    Responsibilities

    • Responsible for the direct management of the loan operations team(s) including but not limited to; hiring, coaching, training, setting performance requirements and  goals, developing and delivering scorecards results, metrics, key-man succession plans, and conducting performance reviews.
    • Direct loan operations activities to meet established goals and appropriate turnaround time to meet regulatory requirements for time sensitive activities.
    • Ensure that Loan Operations complies with all federal, state, local laws and internal Bank policies.
    • Ensure Risk Mitigation in the processing of Loan Activities ensuring compliance with Business Loan Agreement, Promissory Note and Regulatory Compliance requirement 
    • Implement necessary changes within the Loan Servicing Unit to comply with any new or changed laws.  Included in this process are:  BSA/BO,TRID, RESPA, SCRA, FACTA, GLBA, FDCPA, USAP, CRA, etc. 
    • Perform periodic review of all processes including 3rd party vendor processing and audit of their process.
    • Respond to internal and external audit request and findings and work to remediate any identified noncompliant processes or areas of concern.
    • Process & Manage Loan Purchase and Sold Activity.  This includes working directly with the Treasury Dept., Accounting, Leverage Lending, Syndication and other lines of business.
    • Evaluate business processes and make necessary changes to daily procedures and process controls as appropriate.
    • Collaborate with other business units to reach desired result on Service Level and Productivity KPI.
    • Perform the Compliance and Quality Self-Assessment for teams within Loan Administration   
    • Provide updates and training to staff on new and upcoming regulation changes and process improvements including documented procedures.
    • Implement process improvement and document all procedures for functions and activities within the Unit
    • Provide guidance to System Administrator to ensure bank control has proper set up for fees, Note Type, Credit Bureau Reporting, etc. for proper reporting and servicing of loans.
    • Create Management reports as requested
    • May provide User Acceptance Testing on the loan System based on new products and/or processes
    • Work on special projects as assigned by Manager related to the Data Accuracy and accurate compliance requirements.
    • Maintain knowledge for all regulatory requirements applicable to the job, this may include and is not limited to; Bankruptcy, SCRA, FCRA, BSA/BO, etc. and ensure compliance with all applicable procedures, State and Federal laws.
    • Perform all other managerial or project duties as assigned my management.

    Qualifications

    • Bachelor Degree in Finance, Accounting, Business Administration, or Economics.
    • Minimum 7 years of experience in the loan servicing industry
    • Minimum 5 years management experience
    • Strong knowledge of rules, regulations and compliance requirements concerning loan servicing specific to the areas of oversight
    • Strong Customer service skills required
    • Strong analytical and problem solving abilities
    • Excellent verbal and written communication skills
    • Effective leader with strong project management skills
    • Firm understanding of current best practices in the Loan Servicing IndustryFIS, BlackKnight, Synergy, Cash system knowledge preferred
    • Proficient in Microsoft Office with advanced Excel skills required
    • Ability to build effective relationships as needed to effectively address issues and obstacles

    #LI-VD1

    Compensation

    The base pay range for this position is USD $85,000.00/Yr. - USD $130,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
  • 18 Days Ago

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Bridge Loan Relationship Manager
  • Dunmor
  • Woodland, CA FULL_TIME
  • Job Summary, Responsibilities, Qualifications, and Requirements About Dunmor Dunmor is a direct lender for residential and multifamily real estate investors. We specialize in senior debt financing wit...
  • 5 Days Ago

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Marketing Manager, Americas
  • Marketing Manager, Americas
  • Los Angeles, CA FULL_TIME
  • IMPACT OF THIS ROLERosewood Hotel Group is looking for a Marketing and Communications Manager, to help develop best-in-class brand management across our organization with focus on the Americas region....
  • 3 Days Ago

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Jamba Juice General Manager 1591
  • Jamba Juice General Manager
  • Inglewood, CA FULL_TIME
  • Position Overview: The General Manager drives success of the restaurant through the direction and control of operations that ensure a positive guest experience and company profitability. The General M...
  • 6 Days Ago

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Loan Operations Quality Control Manager
  • East West Bank
  • El Monte, CA FULL_TIME
  • Introduction Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams o...
  • 20 Days Ago

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SVP/FVP, Loan Review Manager
  • cathaybank
  • El Monte, CA FULL_TIME
  • People Drive Our Success Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your asp...
  • 22 Days Ago

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0 Loan Workout Manager jobs found in Pomona, CA area

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Front Desk/Sales Associate
  • Club Pilates
  • West Covina, CA
  • Born in San Diego in 2007, Club Pilates has expanded across the nation, bringing Pilates to hundreds of thousands of peo...
  • 3/28/2024 12:00:00 AM

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Body Pump Fitness Instructor-Fullerton
  • YMCA OF ORANGE COUNTY
  • Fullerton, CA
  • Job Details Job Location Fullerton Family YMCA - Fullerton, CA Position Type Part Time Salary Range $22.44 - $28.81 Hour...
  • 3/27/2024 12:00:00 AM

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Sales Manager
  • Club Pilates
  • West Covina, CA
  • Company Overview Born in San Diego in 2007, Club Pilates has expanded across the nation, bringing Pilates to hundreds of...
  • 3/26/2024 12:00:00 AM

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Mixed Martial Arts Coach-Black Belt
  • UFC Gym
  • Corona, CA
  • At UFC Gym, Mixed Martial Arts Coach is responsible for ensuring a positive customer experience. Coaches are responsible...
  • 3/25/2024 12:00:00 AM

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Warehouse Worker - Early Morning Shift - $3,000 Hiring Bonus
  • McKesson Corporation
  • Chino, CA
  • Effective Date: February 22, 2017 . **Your Consent** *Google Analytics* We may use Google Analytics to measure how you i...
  • 3/24/2024 12:00:00 AM

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Warehouse Worker - Mid Shift
  • McKesson Cork
  • Chino, CA
  • Effective Date: February 22, 2017 . **Your Consent** *Google Analytics* We may use Google Analytics to measure how you i...
  • 3/24/2024 12:00:00 AM

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Warehouse Worker - Part Time - Night Shift
  • California Health Information Association
  • Chino, CA
  • - Warehouse Worker - Part Time - Night Shift **Warehouse Worker - Part Time - Night Shift** McKesson Chino, California, ...
  • 3/24/2024 12:00:00 AM

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Warehouse Worker - Part Time - Night Shift
  • McKesson Cork
  • Chino, CA
  • Effective Date: February 22, 2017 . **Your Consent** *Google Analytics* We may use Google Analytics to measure how you i...
  • 3/24/2024 12:00:00 AM

Pomona (/pəˈmoʊnə/) is a city in Los Angeles County, California, United States. Pomona is located in the Pomona Valley, between the Inland Empire and the San Gabriel Valley. As of the 2010 United States Census, the city's population was 149,058. Pomona is 30 miles (48 km) east of the Los Angeles area of Los Angeles County in the Pomona Valley, located at 34°3′39″N 117°45′21″W / 34.06083°N 117.75583°W / 34.06083; -117.75583 (34.060760, -117.755886). According to the United States Census Bureau, the city has a total area of 22.964 square miles (59.48 km2), over 99% of it land. Pomona is appro...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$160,835 to $252,085
Pomona, California area prices
were up 3.2% from a year ago

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