Loan Workout Officer jobs in Providence, RI

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
  • Baycoast Bank
  • Bristol, RI 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-service lender serving the majority of the East Coast. We are committed to being one of the best workplaces in the industry. BayCoast offers a dynamic work environment and excellent opportunities for internal and professional development. We currently have a variety of rewarding career opportunities available in our Mortgage Department in Swansea, MA.  

    Available Positions:   

    • Mortgage Loan Originator (inside/outside sales)   

    Essential Mortgage Loan Originator Functions:   

    • Maintain and originate through branch and subsidiary provided leads (25 physical locations).
       Utilize cutting edge technology to originate digital provided leads.
       Utilize Salesforce to maintain customer and COI relationships.  
    • Source and originate mortgage loans and manage the client experience from origination to closing.  
    • Establish a strong presence including developing relationships with Realtors and Community Groups; some inbound and outbound sales calling and field visits may be necessary.  
    • Participate in all steps related to the origination of a mortgage loan including meeting with prospects, counseling borrowers, taking mortgage applications electronically and face-to-face as well as by mail and phone.  
    • Attend seminars, shows, community outreach events and other events to raise consumer awareness of our products and services.  
    • Stay current with changes and new products and learn various borrowing programs and processes.  
    • Learn and utilize LOS (MortgageBot), as well as various third party provider applications.  
    • Adhere to all federal and state compliance guidelines relative to the position.   

    Minimum Qualifications:   

    • High school diploma with 3–5 years mortgage experience or a bachelor's degree.  
    • 12-24 months of experience as a Loan Officer, Loan Officer Assistant or Loan Processor.
    • Mortgage Loan Service Registry (NMLS).  
    • Working knowledge of all state and federal mortgage regulations.  
    • Strong written and oral communication skills.  
    • Working knowledge of windows-based applications, including Microsoft Excel and web based applications, including LeadMailbox.  
    • Must possess superior customer service skills.  
    • Excellent customer service and listening skills.  
    • Public speaking skills.   

    Desired Skills & Experience   

    • Solid math skills.  
    • Genuine interest in local, regional and national real estate markets  
    • Ability to multi-task in a fast paced environment.  
    • Good organizational and analytical skills.  
    • Strong written and oral communication skills.   

    Competitive benefits, including:   

    • Customized commission structure  
    • Signing bonus  
    • Access to Loan Officer Assistant, Processor and Team Leader  
    • Medical and Dental Insurance  
    • 401(k) Plan  
    • Pension Plan  
    • Subsidized Short/Long Term Disability, Life and AD&D Insurance  
    • Voluntary Benefits including Life, Accident, and Cancer Insurance  
    • Flexible Spending Accounts  
    • Health Savings Accounts  
    • Tuition Reimbursement  
    • Student Loan Pay Down Benefit  
    • Generous Paid Time Off  
    • Employee Assistance Program (EAP)  
    • Volunteer Time   

     MLO positions are commission based.  

    BayCoast Mortgage is an Equal Opportunity Employer. BayCoast Mortgage is a wholly owned subsidiary of BayCoast 

  • 7 Days Ago

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LOAN OFFICER
  • Baycoast Bank
  • 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...
  • 7 Days Ago

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LOAN OFFICER
  • Partners Insurance Group
  • 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...
  • 23 Days Ago

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LOAN OFFICER
  • Partners Insurance Group
  • Bristol, RI 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...
  • 25 Days Ago

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Loan Officer
  • Paramount Residential Mortgage Group
  • Smithfield, RI 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...
  • 2 Months Ago

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Loan Officer Outside Sales
  • Primary Residential Branding
  • Cranston, RI FULL_TIME
  • Position Purpose - Responsibilities/Duties/Functions/Tasks The main function of this position is to proactively solicit new residential mortgage clients, while developing and cultivating a strong busi...
  • 11 Days Ago

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0 Loan Workout Officer jobs found in Providence, RI area

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Private Client Relationship Manager (Worcester, MA)
  • Citizens
  • Worcester, MA
  • Description At Citizens, tailored advice, personalized experiences, and innovative ideas, products, and solutions, are c...
  • 3/19/2024 12:00:00 AM

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Director - Investment Administration
  • MassMutual
  • Worcester, MA
  • The Opportunity This role is responsible for the administration of MassMutuals direct investments that support transacti...
  • 3/19/2024 12:00:00 AM

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Financial Advisor, Smithfield, RI
  • Santander Holdings USA Inc
  • Smithfield, RI
  • Financial Advisor, Smithfield, RI Smithfield, United States of America Achieve and exceed both individual and branch rel...
  • 3/19/2024 12:00:00 AM

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Financial Advisor, Greater Providence, RI Area
  • Santander Holdings USA Inc
  • Coventry, RI
  • Financial Advisor, Greater Providence, RI Area Coventry, United States of America Achieve and exceed both individual and...
  • 3/19/2024 12:00:00 AM

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Member Service Representative I - North Providence, RI
  • Navigant Credit Union
  • North Providence, RI
  • ABOUT: People helping people. That's what a credit union, and in particular Navigant Credit Union, is all about. Our mis...
  • 3/18/2024 12:00:00 AM

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Member Service Representative I
  • Navigant Credit Union
  • Cumberland, RI
  • ABOUT: People helping people. That's what a credit union, and in particular Navigant Credit Union, is all about. Our mis...
  • 3/17/2024 12:00:00 AM

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Home Equity Underwriter
  • BankNewport
  • Middletown, RI
  • Overview: BankNewport celebrates being a community bank since 1819. Offering new and exciting career opportunities, Bank...
  • 3/17/2024 12:00:00 AM

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Loan Officer
  • Mutual of Omaha Mortgage
  • Warwick, RI
  • Job Description Job Description We are seeking a Loan Officer to become a part of our team! You will evaluate and author...
  • 3/16/2024 12:00:00 AM

The Providence city limits enclose a small geographical region with a total area of 20.5 square miles (53 km2); 18.5 square miles (48 km2) of it is land and the remaining 2.1 square miles (5.4 km2) is water (roughly 10%). Providence is located at the head of Narragansett Bay, with the Providence River running into the bay through the center of the city, formed by the confluence of the Moshassuck and Woonasquatucket Rivers. The Waterplace Park amphitheater and riverwalks line the river's banks through downtown. Providence is one of many cities claimed to be founded on seven hills like Rome. The...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Officer jobs
$69,255 to $97,703
Providence, Rhode Island area prices
were up 1.6% from a year ago

Loan Workout Officer in Spokane, WA
After collecting and verifying all the required financial documents, the loan officer evaluates the information they obtain to determine the applicant’s need for a loan and ability to pay back the loan.
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Loan Workout Officer in Corpus Christi, TX
Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.
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Loan Workout Officer in Indianapolis, IN
Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking.
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