How much does a Commercial Loan Workout Officer I make in the United States? The average Commercial Loan Workout Officer I salary in the United States is $60,605 as of May 28, 2020, but the range typically falls between $55,863 and $70,014. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Job Description for Commercial Loan Workout Officer I
Commercial Loan Workout Officer I restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer I works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer I typically reports to a supervisor or manager. The Commercial Loan Workout Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer I typically requires 0-2 years of related experience. (Copyright 2020 Salary.com)... View full job description
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
LTC PROPERTIES INC
Fiscal Year Ended in 2018
What does a Commercial Loan Workout Officer I do?
Commercial Loan Workout Officer I in Birmingham, AL
Develops and implements strategies to recover principal from borrowers whose non-performing loans have been charged off.
March 14, 2020
Commercial Loan Workout Officer I in Houston, TX
Complete and process title work.
November 21, 2019
Contact Applicant for final outstanding information, including required documentation for initial advance.
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Workout Officer I in the United States. The base salary for Commercial Loan Workout Officer I ranges from $55,863 to $70,014 with the average base salary of $60,605. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $58,833 to $76,328 with the average total cash compensation of $65,335.