Loan Workout Manager jobs in Middlesex, NJ

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
  • Paramount Residential Mortgage Group
  • Eatontown, NJ 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 have an unmatched Culture.  We look forward to helping you succeed as an Originator.  

    Responsibilities

    Essential Job Functions:

    • Organization: Develops and implements strategies, satisfying customer needs through a full array of products and services.
    • Coordination: Uses judgment and discretion to ensure uninterrupted flow of business.
    • Communication: Communicates well verbally and in writing with co-workers and customers acting as liaison between customer and Company’s internal departments to ensure cohesive business flow.
    • Equipment: Uses such office equipment as computer terminals, copiers, and FAX machines.
    • Physical: Sits and stands for extended time periods. Hearing and vision within normal ranges. Must devote substantially more than 50 percent of working hours outside of any Company office, home office, and any other fixed site, meeting with customers and potential customers seeking residential mortgage financing.

     

    Responsibilities:

    • Verifies, compiles, and inputs application information for mortgage loans.
    • Discuss and advise the client of their home loan options.
    • Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage applied for, including but not limited to borrower assets, liabilities, and length of employment.
    • Informs supervisor of discrepancies in title or survey.
    • Performs other related duties as assigned.
    • Current, valid NMLS license or appointment in good standing.

    Qualifications

    • Must have applicable state licensing. 
    • Two to five years’ experience are preferred. 
    • Must also meet one of the following 3 options:
    • Actively funding more than 2 loans/month, or
    • Xinnix Training completion for Loan Origination required, or
    • Origination mentor assigned to new Loan Officer by branch who funds more than 2 loans/month (see PRMG Loan Officer Mentor Agreement).

     

    Skills:

    • Ability to make sound judgments on the resolution of service, credit decision, funding, and post-close issues.
    • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative.
    • Ability to handle detailed assignments and maintain confidentiality.
    • Excellent communication and interpersonal skills.
    • Organizational skills necessary to prioritize workload and delegate responsibility.

     

     

    Travel:

    • May be required.

    Min

    USD $75,000.00/Yr.

    Max

    USD $250,000.00/Yr.
  • 12 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • Metuchen, NJ FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. Consumer Loan Sales Special...
  • 11 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • Woodbridge, NJ FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. Consumer Loan Sales Special...
  • 12 Days Ago

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Mortgage Loan Originator Assistant
  • Fairway Independent Mortgage
  • West Long Branch, NJ FULL_TIME
  • We are looking for a skilled mortgage loan officer assistant to join our top-producing team and assist our mortgage loan origination officers. This position requires a unique mix of sales and customer...
  • 13 Days Ago

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Consumer Loan Sales Specialist
  • OneMain Financial
  • Woodbridge, NJ FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses. Consumer Loan Sales Speci...
  • 14 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • Shrewsbury, NJ FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. Consumer Loan Sales Special...
  • 14 Days Ago

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0 Loan Workout Manager jobs found in Middlesex, NJ area

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Group Fitness Coach
  • Circle Fitness Llc
  • Basking Ridge, NJ
  • Job Description Job Description As an OTF Fitness Coach, you will be responsible for delivering scientifically predesign...
  • 3/18/2024 12:00:00 AM

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Head Coach
  • Circle Fitness Llc
  • Basking Ridge, NJ
  • Job Description Job Description As an OTF Head Fitness Coach, you will be responsible for delivering scientifically pred...
  • 3/18/2024 12:00:00 AM

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Fitness Trainer
  • Planet Fitness
  • East Brunswick, NJ
  • Description The Fitness Trainer will be responsible for running the Planet Fitness group fitness program (PE@PF). This i...
  • 3/18/2024 12:00:00 AM

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Fitness Program Manager - Merck - Rahway, NJ
  • Exos Partners, LLC
  • Rahway, NJ
  • Job Details, Fitness Program Manager - Merck - Rahway, NJ **Fitness Program Manager - Merck - Rahway, NJ** **Fitness Pro...
  • 3/18/2024 12:00:00 AM

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Head Fitness Coach
  • BIGVFITNESS LLC
  • Somerville, NJ
  • Job Description Job Description As an OTF Fitness Coach, you will be responsible for delivering scientifically predesign...
  • 3/17/2024 12:00:00 AM

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Brazilian Jiu Jitsu Coach
  • UFC Gym
  • North Brunswick, NJ
  • At UFC Gym, the BJJ Coach is responsible for ensuring a positive customer experience. Coaches are responsible for delive...
  • 3/17/2024 12:00:00 AM

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Fitness Trainer
  • Planet Fitness
  • Somerset, NJ
  • Job Summary The Fitness Trainer will be responsible for running the Planet Fitness group fitness program (PE@PF). This i...
  • 3/14/2024 12:00:00 AM

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Fitness Trainer
  • Planet Fitness
  • Hillsborough, NJ
  • Description The Fitness Trainer will be responsible for running the Planet Fitness group fitness program (PE@PF). This i...
  • 3/14/2024 12:00:00 AM

Middlesex is a borough in Middlesex County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 13,635 reflecting a decline of 82 (-0.6%) from the 13,717 counted in the 2000 Census, which had in turn increased by 662 (+5.1%) from the 13,055 counted in the 1990 Census. Middlesex was incorporated as a borough by an act of the New Jersey Legislature on April 9, 1913, from portions of Piscataway Township, based on the results of a referendum held on May 6, 1913.[21] The borough's name derives from Middlesex, England.[22][23] According to the United States C...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$162,454 to $254,622
Middlesex, New Jersey area prices
were up 1.5% 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