Loan Workout Officer jobs in New York
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
Loan Workout Officer/Vice President
- Flushing Bank
-
Uniondale, NY
FULL_TIME
- General Statement of Duties: The Vice President/Loan Workout Officer is responsible for managing loan workout for the bank’s commercial, multi-family and mixed-use portfolios. The Loan Workout Officer will negotiate with debtors or their representatives to secure repayment agreements and monitor adherence to the terms of repayment agreements. Provides technical advice and assistance to lenders regarding the early identification and evaluation of deteriorating loan situations to minimize losses and maximize recoveries. Presents complex credits and recommends action plans to Senior Management. Maintains current knowledge of all laws, regulations, and rulings. Major Duties and Responsibilities: Direct management of Loan Workout. Provide guidance in managing commercial, multi-family and mixed-use portfolios by reviewing proposed courses of action, facts, and considerations. Maintain a workout portfolio of litigation matters that may involve loans from troubled debt. Restructure problem loans by negotiating terms and conditions with borrowers and evaluating borrower/sponsor financial profile, property (portfolio) cash flow and market conditions. Seek alternative means of loan repayment through foreclosure on real property or the liquidation of other collateral, when a review of the relevant facts and circumstances, including a review of the loan documents and the nature and value of the collateral, indicates that initiating and pursuing such legal remedies will likely result in a greater recovery by the Bank. Reduce the overall degree of risk associated with Special Assets credits. Guide counsel in collection strategy to maximize recovery and remain in close contact with counsel as matter progresses. Analyze financial statements, loan documents, and collateral to ascertain the best collection route. Make recommendations to senior management for approval of potential modifications or restructuring. Review, analyze and, if feasible, correct any structural or documentation deficiencies and monitor the bank's collateral position or liquidation of the collateral by, for example, obtaining and filing corrected mortgages, UCCs (Uniform Commercial Codes) or other loan documents or filing unfiled springing mortgages. Has frequent interaction with senior management regarding the status of problem loans. Visit individual sites, when appropriate, to evaluate physical collateral. Coordinate closing of modifications and troubled debt restructurings with counsel, borrower and borrower’s counsel. Monitor Delinquency Reports to identify potential problem loans. Mange and prepare reports for senior management. Ensure compliance with all regulations, policies and procedures. Perform additional accountabilities as required. Minimum Qualifications: Bachelor’s degree in business management, accounting, finance or real estate or equivalent experience. Minimum of eight years experience in Commercial, Multi-family and Mixed-Use lending and loan servicing activities. Knowledge, Skills, and Abilities: Commercial, Multi-family and Mixed-use loan experience. CRE expertise is a plus. Prior experience with large, syndicated credits. Experience across a broad spectrum of industries. Expert knowledge of specialized lending collections including managing litigation. Advanced knowledge of commercial lending, loan services and credit policy procedures. Advanced knowledge of loan collections and workout, loan processing/documentation and credit analysis. Excellent problem-solving, negotiating, and decision-making skills. Excellent written and verbal communication skills. Ability to organize, prioritize and manage multiple projects simultaneously. Proficient computer skills using Microsoft Word, Excel and Outlook. Pay Range: $135,000 - $160,000 Hours: 37.50 This is an exempt position. The actual compensation will be based on qualifications, experience and other factors permitted by law. EOE, including Disabled and Veterans
- 22 Days Ago
AVP, Loan Workout Specialist
- The Community Preservation Corporation
-
Chappaqua, NY
FULL_TIME
- About UsThe Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhoo...
- 3 Days Ago
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 ...
- 2 Months Ago
Branch Manager/Loan Officer
- Gouverneur Savings & Loan Association
-
Gouverneur, NY
FULL_TIME
- Summary: Administers operation of a branch office with total commercial, consumer loans, mortgages, and savings deposits depending on the size, goals, and other standards of the institution by perform...
- Just Posted
Outreach Officer
- Hebrew Free Loan Society
-
New York, NY
FULL_TIME
- THE ORGANIZATION The Hebrew Free Loan Society (HFLS) advances economic stability and opportunity for lower income New Yorkers within and beyond the Jewish community by making safe, affordable interest...
- 14 Days Ago
Loan Officer
- International Rescue Committee
-
New York, NY
FULL_TIME
- Requisition ID: req51299Job Title: Loan OfficerSector: FinanceEmployment Category: RegularEmployment Type: Full-TimeCompensation: USD 55,000.00 - 77,700.00 AnnuallyLocation: New York, NY HQ USAWork Ar...
- 2 Months Ago
Loan Workout Officer jobs at Popular Companies
Loan Officer
- CapCenter
-
Richmond, VA
- CapCenter is looking for a Loan Advisor to help pursue our mission: simplifying the homeownership journey with consolida...
- 6/2/2024 12:00:00 AM
Mortgage Loan Officer
- Nexera Holdings
-
Emeryville, CA
- Newfi offers an amazing compensation package along with member service leads, digital mortgage technology, top of the li...
- 6/2/2024 12:00:00 AM
Consumer Direct Loan Officer
- * The EMAC Group LLC
-
Phoenix, AZ
- National Independent Mortgage Lender seeks a Consumer Direct Loan Officer to expand an existing call center. Inside Loan...
- 6/2/2024 12:00:00 AM
Sr. Loan Officer
- New American Funding
-
- Inside Loan Agents receive 100% inbound calls from qualified home shoppers looking to make their next purchase. We pay t...
- 6/2/2024 12:00:00 AM
Loan Workout Officer III
- Fulton Bank
-
Lancaster, PA
- Value Proposition: Our values define us and our culture inspires us to change lives for the better. Our employees are th...
- 5/31/2024 12:00:00 AM
Loan Workout Officer/Vice President
- Flushing Savings Bank
-
Uniondale, NY
- General Statement of Duties: The Vice President/Loan Workout Officer is responsible for managing loan workout for the ba...
- 5/31/2024 12:00:00 AM
Commercial Loan Workout Officer (Hybrid Remote) - To 90K - Texas - Job 3248
- The Symicor Group
-
Austin, TX
- Our client is seeking to fill a Hybrid Remote Commercial Loan Workout Officer role located near either Austin, McAllen o...
- 5/31/2024 12:00:00 AM
Sr. Loan Officer
- New American Funding
-
- Inside Loan Agents receive 100% inbound calls from qualified home shoppers looking to make their next purchase. We pay t...
- 5/30/2024 12:00:00 AM
About New York
New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States.
New York covers 54,555 square miles (141,300 km2) and ranks as the 27th largest state by size.[3] The highest elevation in New York is Mount Marcy in the Adirondacks, at 5,344 feet (1,629 meters) above sea level; while the state's lowest point is at sea level, on the Atlantic Ocean.
In contrast with New York City's urban landscape, the vast majority of the state's geographic area is dominated by meadows, forests, rivers, farms, mountains, and lakes. Most of...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia
Income Estimation for Loan Workout Officer jobs
$70,408 to $99,327
Most Popular Cities in New York for Loan Workout Officer Jobs
What does a Loan Workout Officer do?
Loan Workout Officer in Anaheim, CA
Administers and restructures problem loans and deposit relationships, including extremely complex situations, with very little managerial supervision, to assure optimal levels of principal, interest and expense recovery.
November 30, 2019
Loan Workout Officer in Canton, OH
Develops and implements strategies to recover principal from borrowers whose non-performing loans have been charged off.
January 31, 2020
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