Banking & Commercial Loan Workout Manager jobs in the United States

Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. The Banking & Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)

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Loan Processor
  • Commercial Banking Company
  • Valdosta, GA FULL_TIME
  • General Description


    Oversees the loan process from customer to closing and works closely with lending officers to ensure a smooth production process.


    RESPONSIBILITIES


    • Responsible for processing all loan requests, which includes but not limited to, preparing early disclosures, all necessary loan documents, , obtaining flood data, verifying information given by lender, completing general ledger entries, booking loans, and maintaining loan files.
    • Review loan application package and elevate concerns related to incomplete or incorrect information.
    • Accountable for preparing TRID/RESPA early disclosures and loan documents.
    • Prepare security deeds, deed modifications and HELOC deeds and send for recording.
    • Follow up with attorneys for Final Title Opinions or Title Insurance and request recorded deeds.
    • Prepare Estoppel letters, attorney letters/payments, loan proceed checks, debt consolidation checks, note and deed modifications, and payment extensions.
    • Research state internet site for recorded Deeds, Cancellations, Quitclaims, and UCC's.
    • Verifies Business Entity Information, which includes but not limited to, Partnership Agreements, LLC Operating Agreement, Corporation By-Laws, Corporation Certificates of Title, Articles of Incorporation, and Corporate Resolutions.
    • Follow Beneficial Owner requirements for Business Entities.
    • Works closely with Attorneys on real estate closings, order Title Opinions, and prepare/review Closing Disclosures.
    • Order and maintain the appraisal files, ensure payment, and balance monthly.
    • Protect the assets of the bank by verifying approval of loan exceptions and elevating those without proper approval to supervisor.
    • Process letter of credit requests and maintain the letter of credit file, ensure proper tickets have posted, and balance monthly.
    • Verify property tax and insurance have been paid and all loan collateral documents are in file.
    • Prepare escrow account disclosures, process annual analysis statement, and prepare disbursements.
    • Complete required HMDA documents and review file for proper documentation.
    • Prepare participation loan document packages for purchased and sold loans.
    • Process Non-Originated Loan Packages.
    • Maintain collateral vault documents and place required holds.
    • Complete E-Oscar disputes.
    • Prepare MV1's and process electronic title liens.
    • Assist in Operations Department with various tasks including exception management, research, statements, and customer service.
    • Assist other Loan Processors as needed.
    • Perform various tasks as assigned by supervisor or lending officer.
    • Maintains knowledge of bank policies, procedures, and operational processes.

    Commercial Banking Company is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, gender, sex, religion, national origin, disability, genetic information, sexual orientation, gender identity, pregnancy, veteran status, or any other characteristic protected by local, state, or federal law.


    REQUIRED SKILLS, EXPERIENCE, AND EDUCATION


    • High school diploma or the equivalent
    • Prior banking experience, preferable in loan operations and/or loan processing
    • Knowledge of banking policies, procedures, and regulations
    • Excellent interpersonal and customer service skills; good social skills
    • Demonstrates a "team" attitude toward the bank and coworkers with a constant focus on improving/protecting the bank
    • Possesses an attitude of cooperation and a continual motivation to learn
    • Ability to demonstrate high levels of accuracy and efficiency
    • Work well under stress
    • Good organizational skills and the ability to multitask efficiently
    • Proficiency with computers; good technical skills
    • Maintains a neat, well-groomed, professional appearance
    • Maintains a clean work area
    • Excellent written and verbal communication skills
    • Ability to work well in operations setting; self-motivated
    • Punctual & reliable
  • 1 Month Ago

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Loan Workout Relationship Manager
  • IDB
  • New York, NY FULL_TIME
  • Company DescriptionFor more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to ...
  • 1 Month Ago

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Hiring Loan Workout Specialist - Big 4 Banking Client
  • Mindlane
  • Des Moines, IA FULL_TIME
  • Job Description:This contingent resource assignment entails:Participation in or support for low complexity initiatives within Loan Workout.Reviewing basic or tactical issues, policies, or procedures r...
  • 26 Days Ago

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Commercial Loan Servicing Specialist III - Brea
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Brea, CA FULL_TIME
  • ABOUT THE ORGANIZATIONSMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, whol...
  • 2 Days Ago

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Assistant Manager - Banking
  • Rosedale Federal Savings and Loan Association
  • Forest Hill, MD FULL_TIME
  • Join Rosedale Federal and Be a Part of OUR STORY At Rosedale Federal, we pride ourselves on being a community bank. We are a highly successful, growing financial institution with a rich 116-year histo...
  • 6 Days Ago

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Commercial Loan Workout Officer (Hybrid Remote) - To 90K - Texas - Job 3248
  • The Symicor Group
  • Austin, TX FULL_TIME
  • Our client is seeking to fill a Hybrid Remote Commercial Loan Workout Officer role located near either Austin, McAllen or Laredo, TX. The position is responsible for meeting with clients, performing c...
  • 18 Days Ago

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Project Manager Trainee Intern
  • Columbus Region
  • Columbus, OH
  • ** Project Manager Trainee / Intern** **Job Category****:** Operations Management **Requisition Number****:** PROJE14406...
  • 5/19/2024 12:00:00 AM

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MANAGER TRAINEE
  • AutoZone, Inc.
  • Grove City, OH
  • The Manager in Training (MIT) position is expected to be a short-term transitional role that provides both work assignme...
  • 5/18/2024 12:00:00 AM

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Outside Buyer
  • Schnitzer Steel
  • Columbus, OH
  • ** Outside Buyer** **Job Category****:** Buyers **Requisition Number****:** TEMPL014498 Showing 1 location **Job Details...
  • 5/18/2024 12:00:00 AM

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General Superintendent (Commercial Concrete / Ohio)
  • Turner Mining Group
  • Columbus, OH
  • Turner Staffing Group - General Superintendent (Commercial Concrete) Opportunity Title: General Superintendent Job Summa...
  • 5/18/2024 12:00:00 AM

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Senior Project Superintendent
  • Marker, Inc.
  • Columbus, OH
  • Senior Superintendent We are seeking a qualified and motivated individual to join our team as a Senior Superintendent. T...
  • 5/17/2024 12:00:00 AM

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Traveling Site Superintendent
  • DLC Management Corp
  • Columbus, OH
  • Sometimes the grass IS greener on the other side. At Renovo Construction we have an immediate need for Construction Supe...
  • 5/17/2024 12:00:00 AM

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MANAGER TRAINEE
  • AutoZone, Inc.
  • Columbus, OH
  • The Manager in Training (MIT) position is expected to be a short-term transitional role that provides both work assignme...
  • 5/16/2024 12:00:00 AM

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General Superintendent
  • Gilbane Building Company
  • Columbus, OH
  • Overview: Are you looking for a highly rewarding opportunity that provides extensive career growth opportunity? Gilbane ...
  • 5/16/2024 12:00:00 AM

Income Estimation for Banking & Commercial Loan Workout Manager jobs
$168,202 to $241,718

Career Path for Banking & Commercial Loan Workout Manager