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 $61,876 as of May 27, 2021, but the range typically falls between $57,030 and $71,483. 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 2021 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 2019
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 31, 2021
Commercial Loan Workout Officer I in Houston, TX
Complete spreadsheet and balances, prepare requests for approval of loan officer.
December 25, 2020
Approves loan disbursements in accordance with agreements.
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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 $57,030 to $71,483 with the average base salary of $61,876. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $60,061 to $77,919 with the average total cash compensation of $66,701.