Company: BancorpSouth

Location: Orlando, FL

Expected salary:

Job date: Wed, 15 Jan 2025 23:32:19 GMT

Job description: The role of an SBA Loan Workout and OREO Manager involves overseeing the approval and submission of Small Business Administration (SBA) loan workouts and managing the maintenance and marketing of Other Real Estate Owned (OREO) properties. This includes supervising a team to ensure efficient and effective handling of distressed loan portfolios and foreclosed properties. The manager is responsible for making strategic decisions to mitigate losses and maximize the recovery of assets, while also ensuring compliance with relevant regulations and guidelines. Additionally, they may be involved in negotiating settlements with borrowers, coordinating with legal and appraisal teams, and developing marketing strategies to sell OREO properties in a timely manner. Strong communication, analytical, and organizational skills are essential for success in this role.