Loan Workout Officer jobs in Trenton, NJ

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)

F
Loan Workout Officer
  • First Bank - NJ
  • Hamilton, NJ FULL_TIME
  • Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.

    We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank’s 401k Plan.

    Position Summary:
    Responsible for managing, monitoring, and resolving the bank's deteriorating and non-performing commercial and consumer loans. Other responsibilities will include participating in negotiations and related proceedings involving complex and difficult cases including SBA related loans; reviewing operational issues, verifying collateral, and pursuing collection opportunities; and having direct contact with borrowers and third-party vendors. This position calls for a strategic individual who thrives in a fast-paced environment who excels at problem resolution and managing various priorities simultaneously.

    Duties & Responsibilities:

    1. Manage a portfolio of problem loans and assist Loan Workout Manager with recommendations in the workout and foreclosure process, including Troubled Debt Restructurings, Forbearance Agreements and Deeds-In-Lieu of Foreclosure.

    2. Assist with management of the OREO portfolio.

    3. Coordinate with outside attorneys on more complex accounts, utilizing more in-depth knowledge of legal guidelines.

    4. Reviews workout plans and recommendations with department management. Provides background information on accounts and supports recommendations with clear explanations of data, reasoning, and analysis.

    5. Attends auctions of seized property to make minimum bids on assets to protect Company's financial position.

    6. Attends and participates in portfolio reviews and committee meetings and makes recommendations on approval documents.

    7. Completing other tasks as assigned.

    Qualifications:

    1. College Degree (B.S./B.A.) or equivalent job experience.

    2. 7-10 years Commercial Banking/Loan Workout experience.

    3. Knowledge of banking products, banking procedures and guidelines.

    4. Problem Solving and problem resolution skills.

    5. Strong oral and written communication skills.

    6. Ability to work independently.

    7. Excellent interpersonal skills.

    8. Professional demeanor and appearance.

    9. Self-motivated.

    10. Proficient in Microsoft Office.

    First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ can apply to our company for employment opportunities.

    Job Type: Full-time

    Pay: From $103,000.00 per year

    Benefits:

    • 401(k)
    • 401(k) matching
    • Dental insurance
    • Health insurance
    • Paid time off

    Compensation package:

    • Bonus opportunities

    Payment frequency:

    • Paid biweekly

    Schedule:

    • 8 hour shift
    • Monday to Friday

    Work setting:

    • In-person

    Experience:

    • Commercial Banking/Loan Workout: 7 years (Preferred)

    Ability to Commute:

    • Township of Hamilton, NJ 08690 (Preferred)

    Work Location: In person

  • 6 Days Ago

I
Loan Officer
  • Inspire Culture First
  • Newtown, PA FULL_TIME
  • With 4 branches in Bucks County, PA and $300 million in assets and over 15,000 members, we’re seeking an energetic professional to join our growing team as a full-time Loan Officer. The Loan Officer w...
  • 9 Days Ago

D
Loan Officer
  • De Novo HRConsulting & Business Advisory
  • Richboro, PA FULL_TIME
  • Our client, Lending Team Inc., is looking to add a Loan Officer to the team. The Junior Loan Officer facilitates residential mortgage loans and advises borrowers on available finance options. This inc...
  • 3 Days Ago

P
Mortgage Loan Officer
  • Penn Community Bank
  • Bristol, PA FULL_TIME
  • Mortgage Loan Officer Job Locations US-PA-Bristol Job ID 2021-1550 # of Openings 1 Category Residential Lending Overview Responsible for soliciting and originating mortgage loan products for the Bank,...
  • 10 Days Ago

F
Mortgage Loan Officer (Hybrid)
  • Fulton Bank, N.A.
  • Jackson, NJ FULL_TIME
  • Mortgage Loan Officer (Hybrid) Job Locations US-NJ-Jackson Requisition ID 2023-18440 Location Name Jackson County Ocean Category Mortgage Banking Position Type (Portal Searching) Full-Time FLSA Status...
  • 13 Days Ago

C
Mortgage Loan Officer
  • Citizens Bank, N.A.
  • Trenton, NJ OTHER
  • DescriptionAt Citizens, tailored advice, personalized experiences, and innovative ideas, products, and solutions, are central to helping clients navigate changing circumstances. In this role, you’ll d...
  • 5 Days Ago

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0 Loan Workout Officer jobs found in Trenton, NJ area

T
Mortgage Loan Officer
  • TD Bank
  • Philadelphia, PA
  • Company Overview Our Values At TD, we're guided by our purpose to enrich the lives of our customers, communities and col...
  • 3/18/2024 12:00:00 AM

F
Mortgage Loan Officer
  • Firstrust Bank
  • Horsham, PA
  • Objective: Mortgage Loan Officer Positions - PA, NJ, and Maryland Opportunities! Originates residential mortgage loans i...
  • 3/17/2024 12:00:00 AM

P
Loan Officer
  • Paramount Residential Mortgage Group
  • Eatontown, NJ
  • Overview: PRMG is Built by Originators for Originators. There is a reason why PRMG is consistently voted one of the best...
  • 3/16/2024 12:00:00 AM

P
Mortgage Loan Officer
  • Penn Community Bank
  • Bristol, PA
  • Overview: Responsible for soliciting and originating mortgage loan products for the Bank, contributing positively to ban...
  • 3/16/2024 12:00:00 AM

P
Mortgage Loan Officer
  • PNC Financial Services Group
  • Philadelphia, PA
  • Job Profile Position Overview At PNC, our people are our greatest differentiator and competitive advantage in the market...
  • 3/15/2024 12:00:00 AM

P
Mortgage Loan Officer
  • PNC Financial Services Group
  • Fords, NJ
  • Job Profile Position Overview At PNC, our people are our greatest differentiator and competitive advantage in the market...
  • 3/15/2024 12:00:00 AM

P
Mortgage Loan Officer
  • PNC Financial Services Group
  • Berwyn, PA
  • Job Profile Position Overview Job Description Summary At PNC, our people are our greatest differentiator and competitive...
  • 3/15/2024 12:00:00 AM

D
Mortgage Loan Officer
  • De Novo HR Consulting
  • Richboro, PA
  • Job Description Job Description Our client, Lending Team Inc., is looking to add a Loan Officer to the team. The Junior ...
  • 3/15/2024 12:00:00 AM

According to the United States Census Bureau, the city had a total area of 8.155 square miles (21.122 km2), including 7.648 square miles (19.809 km2) of land and 0.507 square mile (1.313 km2) of water (6.21%). Several bridges across the Delaware River – the Trenton–Morrisville Toll Bridge, Lower Trenton Bridge and Calhoun Street Bridge – connect Trenton to Morrisville, Pennsylvania, all of which are operated by the Delaware River Joint Toll Bridge Commission. Trenton is located near the exact geographic center of the state, which is 5 miles (8.0 km) located southeast of Trenton. The city is so...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Officer jobs
$71,736 to $101,204
Trenton, New Jersey area prices
were up 1.5% from a year ago

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