The
Definition Of

Loan Workout Specialists

With the substantial number of business failures in recent years many loans to business and consumers have gone bad, requiring the services of skilled professionals to identify the causes of each problem loan situation and to find solutions that maximize the chances for recovering the bank’s funds. This is the job of the loan workout specialist, who must have a strong background in accounting. Financial statement analysis, business law, and economies, along with good negotiating skills.

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