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)
To be successful as a professional mortgage banker, organization is paramount. The company you choose to stake your reputation with must provide the most exceptional platform required to differentiate themselves from the average Loan Officer.
Our Loan Officers are empowered to reinvent themselves and how they conduct their business by engaging with our mission statement, “A Better Way To Mortgage.” Our meticulously crafted mortgage process constantly evolves to improve and simplify an undertaking typically recognized to be daunting and disorderly. This permits our Loan Officers to focus on sales and customer service, with the utmost confidence that all critical clerical responsibilities in the mortgage process are handled with precision and care. Our customers/your clients receive the most efficient and personalized mortgage experience available today. As a result, you can build a brand and business that will produce success beyond financial accolades.
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0 Loan Workout Manager jobs found in Bergenfield, NJ area