Loan Workout Officer jobs in Boston, MA

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)

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Loan Officer
  • Salem Five Mortgage Co LLC
  • 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 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, REGISTRATIONS
    Valid 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)

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Loan Officer
  • Make Your Move
  • 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...
  • 1 Day Ago

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Loan Officer
  • Paramount Residential Mortgage Group
  • 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

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Commercial Loan Officer
  • Northern Bank
  • Woburn, MA FULL_TIME
  • The Commercial Loan Officer is responsible for developing new client relationships primarily in Middlesex County to increase the loan portfolio and associated deposit balances. ESSENTIAL FUNCTIONS Dev...
  • 18 Days Ago

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Sr Loan Officer
  • Make Your Move
  • 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...
  • 19 Days Ago

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Bilingual Mortgage Loan Officer
  • Cross Country Mortgage
  • Woburn, MA FULL_TIME
  • Are you an experienced mortgage loan officer with strong marketing, communication, and analytical skills?If so, we'd love to talk with you about joining our mortgage team. We need someone with extensi...
  • 19 Days Ago

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0 Loan Workout Officer jobs found in Boston, MA area

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Branch Sales Managers
  • Pinnacle Mortgage Corp.
  • Woburn, MA
  • Are you in the mortgage industry? Do you want more products without lender overlays? What about: Lower rates/fees/margin...
  • 4/24/2024 12:00:00 AM

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Consumer and Mortgage Loan Processor
  • Bay State Savings Bank
  • Worcester, MA
  • Consumer and Mortgage Loan Processor Company Overview: Established in 1895, Bay State Savings Bank is an approximately $...
  • 4/23/2024 12:00:00 AM

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Commercial Loan Officer (CRE)
  • Rockland Trust
  • Peabody, MA
  • Rockland Trust Company is looking for a seasoned CRE Lender to develop and maintain commercial business focusing on smal...
  • 4/23/2024 12:00:00 AM

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Consumer and Mortgage Loan Processor
  • Bay State Savings Bank
  • Worcester, MA
  • Consumer and Mortgage Loan Processor Company Overview: Established in 1895, Bay State Savings Bank is an approximately $...
  • 4/23/2024 12:00:00 AM

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Commercial Loan Operations Specialist
  • Northern Bank
  • Woburn, MA
  • The Commercial Loan Operation Specialist is primarily responsible accurate boarding and reviewing new and modified comme...
  • 4/22/2024 12:00:00 AM

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Commercial Loan Officer (CRE)
  • Rockland Trust
  • Peabody, MA
  • Rockland Trust Company is looking for a seasoned CRE Lender to develop and maintain commercial business focusing on smal...
  • 4/21/2024 12:00:00 AM

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Contract to Hire:Commercial Procurement, Commercial Solar, EV Sales
  • Inertia Resources Inc.
  • Boston, MA
  • Job Description Job Description Seeking Full Time Sales Professionals that specialize in Commercial Sales and Team Devel...
  • 4/21/2024 12:00:00 AM

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Commercial Loan Officer - Plymouth
  • Rockland Trust
  • Plymouth, MA
  • Rockland Trust Company is looking for a seasoned Lender to develop and maintain commercial business focusing on small an...
  • 4/20/2024 12:00:00 AM

Boston has an area of 89.63 square miles (232.1 km2)—48.4 square miles (125.4 km2) (54%) of land and 41.2 square miles (106.7 km2) (46%) of water. The city's official elevation, as measured at Logan International Airport, is 19 ft (5.8 m) above sea level. The highest point in Boston is Bellevue Hill at 330 feet (100 m) above sea level, and the lowest point is at sea level. Situated onshore of the Atlantic Ocean, Boston is the only state capital in the contiguous United States with an oceanic shoreline. Boston is surrounded by the "Greater Boston" region and is contiguously bordered by the citi...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Officer jobs
$73,879 to $104,215
Boston, Massachusetts area prices
were up 2.5% from a year ago

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