Loan Workout Officer jobs in Waco, TX

Location: Franklin

Summary:

Responsible for proactively soliciting new consumer, real estate, and commercial loans and sell the Bank’s products to meet established loan quality and production goals.

Primary Duties and Responsibilities:

• Generate own pipeline of loans
• Obtain and review necessary loan documentation from borrowers and present complete packages to processing for submission into underwriting.
• Monitor and ensure closing dates and rate lock expirations and company deadlines are met.
• 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.
• Comply with all federal and state compliance policies and adhering to HMDA requirements.
• Review loan documents to insure completeness and accuracy in accordance with Bank policies, procedures and compliance related issues.
• Order appraisals, credit reports, and evidence of insurance.
• Promote business for Bank by maintaining good customer relations and by referring customers to new services.
• Prepare various monthly reports.

Other Duties:

• Participate in business development activities at all levels.
• Maintain educational and professional expertise through attendance at job related seminars, conferences, and workshops and involvement in professional, civic, and community groups in leadership positions.

Knowledge, Skills, and Abilities:

• High School degree or equivalent
• 2 years bank lending experience
• Residential and/or commercial underwriting experience is preferred
• Knowledge of federal and state mortgage banking regulatory requirements
• Personal computer skills; Word/Excel/PowerPoint/Internet/E-mail
• Good interpersonal skills and knowledge of appropriate customer service
• Organized and detailed oriented
• Ability to prioritize tasks accordingly
• Ability to maintain confidential information