How much does a Commercial Loan Workout Officer III make in the United States? The average Commercial Loan Workout Officer III salary in the United States is $111,452 as of August 27, 2020, but the range typically falls between $95,847 and $128,599. 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 III
Commercial Loan Workout Officer III 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 III works with loans of moderate to large size and complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer III typically reports to a manager or head of a unit/department. The Commercial Loan Workout Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Commercial Loan Workout Officer III typically requires 4 to 7 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 III do?
Commercial Loan Workout Officer III in Houston, TX
Respond to inquiries from borrowers, title companies, legal counsel, and other internal and external personnel.
February 07, 2020
Participates in various internal committees assigned by senior management.
Commercial Loan Workout Officer III Salary by State
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Average Base Salary
Average Total Cash Compensation
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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 III in the United States. The base salary for Commercial Loan Workout Officer III ranges from $95,847 to $128,599 with the average base salary of $111,452. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $104,135 to $152,709 with the average total cash compensation of $129,719.