Loan Workout Officer jobs in Springfield, IL
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
Mortgage Loan Officer II
- First Mid Bank & Trust
-
Quincy, IL
FULL_TIME
-
Position: Mortgage Loan Officer II Location: Quincy, IL
Job Id: 3406 # of Openings: 1 Responsible for producing a high volume of good quality consumer, real estate and smaller commercial loans. Also responsible for ordering credit reports, analyzing data, approving or denying credit requests and collection of delinquent loans.Responsibilities include, but are not limited to:- Interviews loan applicants explaining loan options, rates, terms and collateral requirements; gather the required information to provide a complete application to the appropriate loan processor.
- Conducts loan closings. Ensures all documents are appropriately signed and all underwriting conditions are met. When necessary, takes all steps necessary to perfect the Bank's lien position.
- Disburse funds on construction and home improvements loans in accordance with Bank guidelines.
- Manages and supervises individual loan portfolios. Develops and maintains existing customer base and build customer satisfaction and confidence in the Bank.
- Maintains the asset quality of mortgage lending portfolio. Reviews delinquency reports, performs routine follow up with past due customers and coordinates collection efforts with other loan officers. When necessary, repossesses and liquidates collateral and works with Bank's attorney when court action is required.
- Analyzes and makes decisions regarding the Bank's credit check program and collects any delinquent accounts.
- Reviews daily overdrafts, determine whether to return or pay checks and produces follow-up letter on accounts overdrawn over ten (10) days.
- Assists other loan officers with underwriting questions or program information.
- Orders title work for real estate loans, reviews same and takes care of any curative matters that may arise.
- Proactively identify, develop and maintain a quality network of business relationships with Realtors, Attorneys and other professional contacts that serve as a source of referrals for new mortgage lending opportunities.
- Cross-sell bank products and services in a professional manner.
- Completed required training associated with job function.
- Performs other related duties as assigned
QualificationsEducation/Experience:- Bachelor's degree preferred or equivalent advanced training in a financial institution or loan setting.
- Must register and maintain a status in good standing under the SAFE Act requirements.
Skills:- High level of interpersonal skills to interact with customers and potential customers in a professional manner.
- Ensure exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures, and regulatory requirements.
- Interpersonal skills necessary to establish and maintain effective working relationships with coworkers, other business areas and government agencies as required.
- High level of direct marketing skills necessary, as regular and ongoing direct marketing is required in order to establish relationships with referral sources and identify networking opportunities.
- High level of analytical skills to conduct loan analysis and maintain loan's progress in consideration of market trends, credit/interest rates, economic conditions and other factors.
- Good understanding and knowledge of Company's products and services.
- Good cross-selling, management and organizational skills.
- Adequate knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment.
- May be required to work earlier or later than the normal workday.
First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT#LI-POSTHP123
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Equal Opportunity Employer - 18 Days Ago
Commercial/Agriculture Loan Officer
- Warren-Boynton State Bank
-
Berlin, IL
FULL_TIME
- Warren-Boynton State Bank serves its customers and communities by remaining a strong and stable community bank focused on providing high quality financial products and personal service. The bank has a...
- 2 Days Ago
Retail Loan Officer II
- First Mid
-
Quincy, IL
FULL_TIME
- Responsible for producing a high volume of good quality consumer, real estate and smaller commercial loans. Also responsible for ordering credit reports, analyzing data, approving or denying credit re...
- 24 Days Ago
Mortgage Loan Officer II
- First Mid
-
Quincy, IL
FULL_TIME
- Responsible for producing a high volume of good quality consumer, real estate and smaller commercial loans. Also responsible for ordering credit reports, analyzing data, approving or denying credit re...
- 1 Month Ago
Manager Trainee - Springfield IL
- Tower Loan
-
Springfield, IL
FULL_TIME
- Manager Development Program At Tower Loan, we believe in developing leaders. In 10-12 months, our full-time Manager Development Program will give you the knowledge, skills, and abilities to effectivel...
- 1 Month Ago
Loan Coordinator
- Security Bank
-
Springfield, IL
FULL_TIME
- DescriptionThis position reports directly to the VP of Mortgage Operations, provides prompt and courteous service to external and internal clients. Processes loans in accordance with the time requirem...
- 28 Days Ago
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0 Loan Workout Officer jobs found in Springfield, IL area
Director of Structural Engineering
- Hampton, Lenzini and Renwick, Inc.
-
Springfield, IL
- Hampton, Lenzini and Renwick, Inc. (HLR) is looking to hire a full-time Director of Structural Engineering for either ou...
- 4/26/2024 12:00:00 AM
Project Engineer - Roadway Design
- Lochmueller Group
-
Springfield, IL
- We are looking for a talented Civil Engineer to join our Roadway team in either Springfield or Champaign. The ideal cand...
- 4/26/2024 12:00:00 AM
Dentist
- Aspen Ridge Dental
-
Springfield, IL
- This opening is a lead dentist role, Managing Clinical Director. $10000 Sign-On Bonus, $7500 Relocation Offering, High P...
- 4/25/2024 12:00:00 AM
Member Service Representative, Franklin, Part-Time
- Digital Federal Credit Union
-
Springfield, IL
- ** Member Service Representative, Franklin, Part-Time** **Job Category****:** Branch Services **Requisition Number****:*...
- 4/25/2024 12:00:00 AM
Senior Loan Officer
- Staley Credit Union
-
Decatur, IL
- Job Description Job Description SENIOR LOAN OFFICER – DECATUR, IL (Woodford Street) This is an Executive-Track position,...
- 4/23/2024 12:00:00 AM
Lead Software Engineer
- Humana
-
Springfield, IL
- Become a part of our caring community and help us put health firstDo you want be part of a team that is continuously lea...
- 4/23/2024 12:00:00 AM
Data Entry Specialist - Remote / Typist
- Workoo Technologies
-
Springfield, IL
- About the job Data Entry Specialist - Remote / Typist Role Summary The Information Entry Operator is accountable for ref...
- 4/22/2024 12:00:00 AM
Sr. Project Manager - Water Resources Engineer
- Lochmueller Group
-
Springfield, IL
- We are looking for an experienced Water Resources Engineer to join our team in Central Illinois. This is an excellent op...
- 4/22/2024 12:00:00 AM
About Springfield, Illinois
Springfield is the capital of the U.S. state of Illinois and the county seat of Sangamon County. The city's population of 116,250 as of the 2010 U.S. Census makes it the state's sixth most populous city. It is the largest city in central Illinois. As of 2013, the city's population was estimated to have increased to 117,006, with just over 211,700 residents living in the Springfield Metropolitan Statistical Area, which includes Sangamon County and the adjacent Menard County.
Present-day Springfield was settled by European Americans in the late 1810s, around the time Illinois became a state. The...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Officer jobs
$63,928 to $90,177
Springfield, Illinois area prices
were up 1.3% from a year ago
were up 1.3% from a year ago
What does a Loan Workout Officer do?
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.
December 06, 2019
Loan Workout Officer in Corpus Christi, TX
Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.
November 27, 2019
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.
January 06, 2020