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 $113,797 as of August 27, 2021, but the range typically falls between $97,865 and $131,308. 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. 

Based on HR-reported data: a national average with a geographic differential
25% $97,865 10% $83,359 90% $147,250 75% $131,308 $113,797 50%(Median)
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Check out Commercial Loan Workout Officer jobs in Virginia

Loan Officer Assistant

Atlantic Bay Mortgage Group - Achilles, VA

Senior Mortgage Loan Officer Assistant

Weichert Co. - Alexandria, VA

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 2021 Salary.com)... View full job description

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Job Openings for Commercial Loan Workout Officer III
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
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
Fiscal Year Ended in 2020
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City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
97865
131308
113797

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
106328
155917
132447
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 $97,865 to $131,308 with the average base salary of $113,797. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $106,328 to $155,917 with the average total cash compensation of $132,447.
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97865
131308

 

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Skills associated with Commercial Loan Workout Officer III: Banking Software, Loan Software, Negotiation, Loss Mitigation ...More

Salary estimation for Commercial Loan Workout Officer III at companies like : FS BANCORP INC, HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC

Jobs with a similar salary range to Commercial Loan Workout Officer III : Oracle Database Architect