Jennifer Sanders
Wills Point,TX
Summary
Experienced Loan Workout Manager proficient in collections procedures, payment plans and regulatory compliance. Offering 15 year of experience in assessing credit history data and finding appropriate solutions perfect for customer needs. Ready for new position where loan evaluation background can be best utilized.
Overview
14
14
years of professional experience
Work History
VP of Special Assets- Loan Workout Supervisor
American National Bank of Texas
Terrell, TX
03.2018 - Current
- Collect and resolve problems on troubled loans; secures collateral, equity or assets of the borrower to preserve the loan principal, gathers interest and prevents the loan from being placed on non-accrual and prevents or limits losses
- Manages the workout of adversely graded loan through the restructuring of debt, negotiation of settlement agreements, pursuit of appropriate legal actions and/or liquidation of collateral
- Handle all workouts for SBA Portfolio (629 M) by following the SBA SOP 50 57 2 for 7A loan collections
- Liquidate real estate or other assets as necessary and/or manages properties or other assets owned by bank
- Maintain Knowledge of laws, regulations, internal policies and procedures appropriate to the position. Work directly with outside legal counsel on all litigation files including but not limited to Bankruptcy, Foreclosure, Judgment Suits
- Service In-house 1-4 family portfolio ($577M) and Fannie Mae 1-4 family portfolio ($366M)
- Provide assistance to the Special Assets team and report all appropriate information to the Board of Directors of the Bank
Loan Workout Officer
American National Bank of Texas
Terrell, TX
08.2009 - 03.2018
- Evaluates collateral, loan documentation, and financial information to determine a borrower's ability to repay a loan
- Completes various plans, models, and reports to monitor loan portfolio risk and asset management strategies
- Collects past due payments from clients and manages charge-off recommendations
- Handle all workouts for SBA Portfolio (629 M) by following the SBA SOP 50 57 2 for 7A loan collections
- Manages risk rating of each loan assigned to portfolio
- Goes on field calls to inspect properties and equipment to ensure effective management and maintenance of collateral
- Structures workouts, makes decision on modifications, recommendations for foreclosures and assess customer’s ability to repay
- Monitors bankruptcy
- Secures collateral and liquidations
- Service In-house 1-4 family portfolio ($577M) and Fannie Mae 1-4 family portfolio ($366M)
Education
BBA - Business Administration
Texas A&M University - Commerce
Commerce, TX12.2009
Skills
- Budget Requests
- Operations Oversight
- Staff Leadership
- Business Management
- Customer Service Management
- Report Preparation
- Account Reconciliation
- Payment Acceptance
- Invoicing Background
- Department Management
- Staff Training
Timeline
VP of Special Assets- Loan Workout Supervisor
American National Bank of Texas
03.2018 - Current
Loan Workout Officer
American National Bank of Texas
08.2009 - 03.2018
BBA - Business Administration
Texas A&M University - Commerce