Loan Workout Officer jobs in Massachusetts
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)
Recently Added Loan Workout Officer jobs
- Salem Five Mortgage Co LLC
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Salem, MA
FULL_TIME
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Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.
The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells Bank mortgage products to meet established loan quality and production goals. In this on-going sales role, the Mortgage Loan Officer continually identifies, develops and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities.A Mortgage Loan Officer’s network may consist of Real Estate professionals, Builders, professional and personal contacts, as well as other valuable referral sources, and is enhanced by the Mortgage Loan Officer’s regular participation in business related development opportunities, community efforts to promote homeownership and professional organizations.The MLO responds to customer inquiries and referrals that are generated from both their own contacts and from other Salem Five business lines. The MLO conducts interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advice customers of product/pricing policies and guidelines, and gather any additional required information.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Develops and maintains successful relationships with business referral sources, existing and prospective.
- Prospects new mortgage lending opportunities.
- Meets with customers as necessary during various stages of the loan process.
- Utilizes Salem Five training materials, reference tools and other resources to provide accurate and up-to-date loan program/policy information to both external customers and internal business partners.
- Provides complete loan applications to loan processors.
- Ensures exceptional customer experience by overseeing loan process from origination to close and providing on-going communication to customers and business partners.
- Consistently achieve and exceed sales goals through active prospecting and solicitation from referral resources.
- Originate applications in accordance with company policy, compliance, and regulatory guidelines.
EDUCATION and/or EXPERIENCE
Bachelor’s degree (B.A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.
CERTIFICATES, LICENSES, REGISTRATIONSValid Driver’s License and acceptable driving record.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand and sit. The employee is occasionally required to walk and reach with hands and arms. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.
With a rich history and a strong reputation for growth, service and innovation, Salem Five offers employees a sense of stability and pride. Salem Five also offers a comprehensive salary and benefit package including health insurance and matching 401k plan. Qualified candidates may submit a resume and application online at salemfive.com/careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970.Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
- Just Posted
- Make Your Move
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Salem, MA
FULL_TIME
- Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees...
- Just Posted
- Partners Insurance Group
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Swansea, MA
FULL_TIME
- FUNCTION:Originates real estate mortgages by sourcing prospective customers and proactively solicits new residential mortgage business. Continually identifies, develops and maintains a quality network...
- 5 Days Ago
- Paramount Residential Mortgage Group
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Needham, MA
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...
- 1 Month Ago
- Fidelity Co-Operative Bank
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Leominster, MA
FULL_TIME
- DescriptionPOSITION OVERVIEW:The Loan Officer plays a key role in helping our valued clients get where they want to be. Fidelity Bank’s Loan Officers will leverage their experience and expertise, and ...
- 1 Month Ago
- Baycoast Bank
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Plymouth, MA
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-se...
- 1 Month Ago
Loan Workout Officer jobs at Popular Companies
- CapCenter
-
Richmond, VA
- CapCenter is looking for a Loan Advisor to help pursue our mission: simplifying the homeownership journey with consolida...
- 4/23/2024 12:00:00 AM
- Blackhawk Bank & Trust
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Moline, IL
- Blackhawk Bank & Trust, a locally owned financial institution with 18 Quad City area locations is accepting applications...
- 4/23/2024 12:00:00 AM
- New American Funding
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- Inside Loan Agents receive 100% inbound calls from qualified home shoppers looking to make their next purchase. We pay t...
- 4/23/2024 12:00:00 AM
- Blue Signal Search
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Charlotte, NC
- Our client is a rapidly expanding, hard money lending company experiencing tremendous growth. Their team is driven by in...
- 4/23/2024 12:00:00 AM
- Blue Signal Search
-
Nashville, TN
- Our client is a rapidly expanding, hard money lending company experiencing tremendous growth. Their team is driven by in...
- 4/23/2024 12:00:00 AM
- Griffin Funding
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Orange County, CA
- Job Description Job Description Griffin Funding is a national direct lender focusing on Non-QM (DSCR, Bank Stmt, & 5-10 ...
- 4/23/2024 12:00:00 AM
- Capcenter
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University Of Richmond, VA
- CapCenter is looking for a Loan Advisor to help pursue our mission: simplifying the homeownership journey with consolida...
- 4/22/2024 12:00:00 AM
- Blackhawk Bank & Trust
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Moline, IL
- Blackhawk Bank & Trust , a locally owned financial institution with 18 Quad City area locations is accepting application...
- 4/20/2024 12:00:00 AM