Loan Workout Manager jobs in Vallejo, 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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Consumer Loan Recovery Supervisor
  • WESTAMERICA BANK
  • FAIRFIELD, CA FULL_TIME
  • Description

    Westamerica is among the largest commercial banks headquartered in California. We are looking for outstanding people to join on our winning team. We reached our current strength because our employees, customers, and shareholders believe in the same fundamental goals: Delivering a wide variety of financial services with a superior customer service guarantee.


    Under general managerial guidance: Supervises the day-to-day activities and workflow of the Loan Recovery unit.


    ESSENTIAL FUNCTIONS:

    Supervises consumer loan recovery activities that include:

    • Solving customer disputes.
    • Coordinating activities with attorneys and small claims court.
    • Monitoring collection agencies' production and assisting them as required.
    • Reviewing inactive charge-off files regarding corrections and title disputes.
    • Establishes guidelines for staff and monitors accounts to ensure maximum recovery.

    Collects on account portfolio of charge-off loans; performs all related actions, for example:

    1. Working with charge-off accounts on major skip-tracing.
    2. Setting up repayment for recovery optimization.
    3. Asset searching when judgment is received.
    • Schedules and distributes incoming and outgoing work to collectors, reviews accounts daily, determines final disposition of charge-off accounts and makes recommendations to Manager.
    • Prepares monthly internal collection status reports for Management.
    • Attends regular Regulatory Seminars and on-site Webinars.

    Embraces Bank Compliance by:

    • Continually demonstrating and conveying a strong commitment to compliance and fair lending related to assigned responsibilities.
    • Continuing education by attending BCG, regulatory and other offered training related to assigned responsibilities.
    • Pro-actively engage in a timely manner with implementation of compliance requirements, remediation of monitoring and examination findings, and related activities as assigned.
    • Adherence to policies, procedures and regulatory banking requirements.
    • Perform additional job related duties as required.

    Requirements

    4-5 years' direct experience, including 1 year supervisory experience required.

    • Experience in collections and bankruptcy required.
    • Understanding of small claims and bankruptcy actions, and state and federal credit and collection laws required.
    • Excellent written communication, analytical, organizational, interpersonal and presentation skills are required.
    • Well organized, adept at managing peak workload with an ability to meet deadlines.

    PHYSICAL DEMANDS:

    • Position requires long hours at PC console.
    • Lifting of files and storage boxes up to 25 lbs.

    MENTAL DEMANDS:

    • Requires innovation and analysis to solve moderately complex problems.
    • Utilizes internal and external compliance manuals and procedure guidelines to resolve situations.
    • Read, interpret and apply constantly changing guidelines.
    • Prioritize assignments and completes multiple tasks within required time frames and demanding situations
    • Ability to write and/or follow complex instructions regrading extracted data from numerous systems and consolidated in database for data analysis.

    EQUIPMENT USED TO PERFORM FUNCTIONS:

    • PC and laptop, server, fax machine, telephone, photocopier, 10-key calculator.

    DECISION MAKING:

    • Recognize and communicate opportunities to increase recovery dollars and operational efficiencies.
    • Identify creative workout solutions and present alternate recommendations for resolution of potential loss.

    SUPERVISORY RESPONSIBILITY: 

    • Directly Supervised: 4-5 collectors and/or recovery specialists

    EOE

    Westamerica Bank's Privacy Policy may be found at: www.westamerica.com/about/privacy

  • 18 Days Ago

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Mortgage Loan Officer
  • Citizens Financial
  • Vacaville, CA FULL_TIME
  • Experienced Mortgage Loan Officer specializing in REVERSE MORTGAGES wanted! Join our team at Citizens Financial, where we empower you with support, and direct access to credit agency data for leads. S...
  • Just Posted

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Mortgage loan originator
  • U.S. Bank
  • Concord, CA FULL_TIME
  • At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succee...
  • Just Posted

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Mortgage Loan Originator
  • USA Mortgage
  • Vallejo, CA FULL_TIME
  • DescriptionWho We AreAt DAS Acquisition Company, LLC. (USA Mortgage), our mission is the unrelenting pursuit of perfection. We pride ourselves on the superior level of service that our status as a mor...
  • 3 Days Ago

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Consumer Loan Funder I
  • Redwood Credit Union
  • Napa, CA FULL_TIME
  • Redwood Credit Union is a not-for-profit financial institution that believes in people over profits. Our mission is to passionately serve the best interests of our Members, team members, and communiti...
  • 10 Days Ago

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Initial Loan Reviewer/Processor
  • WESTAMERICA BANK
  • FAIRFIELD, CA FULL_TIME
  • DescriptionWestamerica is among the largest commercial banks headquartered in California. We are looking for outstanding people to join our winning team. We reached our current strength because our em...
  • 24 Days Ago

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0 Loan Workout Manager jobs found in Vallejo, CA area

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Personal Trainer
  • Pike Fitness
  • Vallejo, CA
  • Job Description Job Description Compensation $30 – $55 an hour for personal training $20/hr for non training work Job Ty...
  • 4/25/2024 12:00:00 AM

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Group Fitness Coordinator
  • Elevation Corporate Health
  • San Francisco, CA
  • Job Description Job Description Interested in having a flexible schedule while being a part of a growing company? Elevat...
  • 4/25/2024 12:00:00 AM

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Peloton Expert Talent Community - Walnut Creek
  • Peloton
  • Walnut Creek, CA
  • ABOUT THE ROLEThis is not an open job. Submitting an application allows your profile and resume to be reviewed by a Pelo...
  • 4/24/2024 12:00:00 AM

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Fitness Coach
  • Exos
  • San Francisco, CA
  • Job Summary: Responsibilities: We're seeking a Fitness Coach to join our team! As our new Fitness Coach you will: Work w...
  • 4/24/2024 12:00:00 AM

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Litigation Associate Attorney
  • Lubin Olson Niewiadomski LLP
  • San Francisco, CA
  • Job description Lubin Olson & Niewiadomski LLP is one of California’s leading mid-sized law firms based in the Transamer...
  • 4/23/2024 12:00:00 AM

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Sales Associate
  • Orangetheory Fitness
  • Pinole, CA
  • Be fit. Change lives. Have fun. If you mention fitness within moments of meeting someone... if you encourage friends and...
  • 4/22/2024 12:00:00 AM

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Sales Associate
  • Orangetheory Fitness
  • Alamo, CA
  • Be fit. Change lives. Have fun. If you mention fitness within moments of meeting someone...if you encourage friends and ...
  • 4/22/2024 12:00:00 AM

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Sales Associate
  • Orangetheory Fitness
  • Petaluma, CA
  • Be fit. Change lives. Have fun. If you mention fitness within moments of meeting someone...if you encourage friends and ...
  • 4/22/2024 12:00:00 AM

Vallejo (/vəˈleɪ(h)oʊ/ və-LAY-(h)oh; Spanish: [baˈʎexo]) is a waterfront city in Solano County, California, located in the North Bay subregion of the San Francisco Bay Area. Vallejo is geographically the closest North Bay city to the inner East Bay, so it is sometimes associated with that region. Its population was 115,942 at the 2010 census. It is the tenth most populous city in the San Francisco Bay Area, and the largest in Solano County. Vallejo sits on the northeastern shore of San Pablo Bay, 30 miles north of San Francisco, the northwestern shore of the Carquinez Strait and the southern e...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$163,231 to $255,839
Vallejo, California area prices
were up 2.5% 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