Loan Workout Manager jobs in Rhode Island

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 OFFICER
  • Baycoast Bank
  • Bristol, RI FULL_TIME
  • BayCoast Mortgage is a fast growing Massachusetts company owned by BayCoast Bank, est. 1851. As a wholly owned subsidiary of a bank we have portfolio lending flexibility in addition to being a full-service lender serving the majority of the East Coast. We are committed to being one of the best workplaces in the industry. BayCoast offers a dynamic work environment and excellent opportunities for internal and professional development. We currently have a variety of rewarding career opportunities available in our Mortgage Department in Swansea, MA.  

    Available Positions:   

    • Mortgage Loan Originator (inside/outside sales)   

    Essential Mortgage Loan Originator Functions:   

    • Maintain and originate through branch and subsidiary provided leads (25 physical locations).
       Utilize cutting edge technology to originate digital provided leads.
       Utilize Salesforce to maintain customer and COI relationships.  
    • Source and originate mortgage loans and manage the client experience from origination to closing.  
    • Establish a strong presence including developing relationships with Realtors and Community Groups; some inbound and outbound sales calling and field visits may be necessary.  
    • Participate in all steps related to the origination of a mortgage loan including meeting with prospects, counseling borrowers, taking mortgage applications electronically and face-to-face as well as by mail and phone.  
    • Attend seminars, shows, community outreach events and other events to raise consumer awareness of our products and services.  
    • Stay current with changes and new products and learn various borrowing programs and processes.  
    • Learn and utilize LOS (MortgageBot), as well as various third party provider applications.  
    • Adhere to all federal and state compliance guidelines relative to the position.   

    Minimum Qualifications:   

    • High school diploma with 3–5 years mortgage experience or a bachelor's degree.  
    • 12-24 months of experience as a Loan Officer, Loan Officer Assistant or Loan Processor.
    • Mortgage Loan Service Registry (NMLS).  
    • Working knowledge of all state and federal mortgage regulations.  
    • Strong written and oral communication skills.  
    • Working knowledge of windows-based applications, including Microsoft Excel and web based applications, including LeadMailbox.  
    • Must possess superior customer service skills.  
    • Excellent customer service and listening skills.  
    • Public speaking skills.   

    Desired Skills & Experience   

    • Solid math skills.  
    • Genuine interest in local, regional and national real estate markets  
    • Ability to multi-task in a fast paced environment.  
    • Good organizational and analytical skills.  
    • Strong written and oral communication skills.   

    Competitive benefits, including:   

    • Customized commission structure  
    • Signing bonus  
    • Access to Loan Officer Assistant, Processor and Team Leader  
    • Medical and Dental Insurance  
    • 401(k) Plan  
    • Pension Plan  
    • Subsidized Short/Long Term Disability, Life and AD&D Insurance  
    • Voluntary Benefits including Life, Accident, and Cancer Insurance  
    • Flexible Spending Accounts  
    • Health Savings Accounts  
    • Tuition Reimbursement  
    • Student Loan Pay Down Benefit  
    • Generous Paid Time Off  
    • Employee Assistance Program (EAP)  
    • Volunteer Time   

     MLO positions are commission based.  

    BayCoast Mortgage is an Equal Opportunity Employer. BayCoast Mortgage is a wholly owned subsidiary of BayCoast 

  • 17 Days Ago

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Loan Officer
  • Paramount Residential Mortgage Group
  • Smithfield, RI FULL_TIME
  • Overview PRMG is Built by Originators for Originators. There is a reason why PRMG is consistently voted one of the best places to work. We focus on the areas that make an Originator successful and hav...
  • 2 Months Ago

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Loan Origination Specialist
  • The Washington Trust Company
  • Warwick, RI FULL_TIME
  • Washington Trust has an exciting opportunity for a bilingual Loan Origination Specialist to join the Retail Mortgage Lending division. The bilingual Loan Origination Specialist provides support to one...
  • 20 Days Ago

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Loan Officer Outside Sales
  • Primary Residential Branding
  • East Greenwich, RI FULL_TIME
  • Position Purpose - Responsibilities/Duties/Functions/Tasks The main function of this position is to proactively solicit new residential mortgage clients, while developing and cultivating a strong busi...
  • 21 Days Ago

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Experienced Loan Originator
  • HarborOne Bank
  • Warwick, RI PART_TIME
  • Overview HarborOne Mortgage is looking to expand its sales team in the Providence RI Aread. If you are looking to join a well-rounded and competitive mortgage team, we have exciting opportunities to e...
  • 23 Days Ago

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Loan Origination Specialist (bilingual)
  • Washington Trust
  • Warwick, RI FULL_TIME
  • Washington Trust has an exciting opportunity for a bilingual Loan Origination Specialist to join the Retail Mortgage Lending division. The bilingual Loan Origination Specialist provides support to one...
  • 23 Days Ago

Rhode Island (/ˌroʊd -/ (listen)), officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United States. It is the smallest state in area, the seventh least populous, the second most densely populated, and it has the longest official name of any state. Rhode Island is bordered by Connecticut to the west, Massachusetts to the north and east, and the Atlantic Ocean to the south via Rhode Island Sound and Block Island Sound. It also shares a small maritime border with New York. Providence is the state capital and most populous city in Rhode Is...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$151,739 to $237,829

Loan Workout Manager in Wichita Falls, TX
When a bank believes your business has a substantial chance of defaulting on the loan, it has a duty to its shareholders and its regulating agency to protect its interest in your loan. Signs of possible loan default initiate the procedures for a loan workout.
January 25, 2020
Loan Workout Manager in Fort Lauderdale, FL
Banks make money by giving loans and collecting interest from those loans.
December 08, 2019
Loan Workout Manager in Twin Falls, ID
In order to be considered a candidate for this position, many banks require a Bank and Commercial Loan Workout Manager to have a Bachelors or Master’s degree in a field related to Banking Management such as Finance, Project Management, Accounting, etc.
December 22, 2019