How much does a Foreclosure Manager make in Boston, MA? The average Foreclosure Manager salary in Boston, MA is $98,381 as of February 26, 2024, but the range typically falls between $84,485 and $115,813. 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. 

Foreclosure Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Foreclosure Manager Salary $71,834 Boston,MA February 26, 2024
25th Percentile Foreclosure Manager Salary $84,485 Boston,MA February 26, 2024
50th Percentile Foreclosure Manager Salary $98,381 Boston,MA February 26, 2024
75th Percentile Foreclosure Manager Salary $115,813 Boston,MA February 26, 2024
90th Percentile Foreclosure Manager Salary $131,683 Boston,MA February 26, 2024
25% $84,485 10% $71,834 90% $131,683 75% $115,813 $98,381 50%(Median) Didn’t find job title? Click
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What skills does a Foreclosure Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.

2.

Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".

3.

Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.

Planning 4.84%
Mortgage Loans 3.23%
Mortgage Lending 1.61%
Others 90.32%

Job Description for Foreclosure Manager

Foreclosure Manager develops and administers the foreclosure agenda for an organization. Designs and implements programs to improve foreclosure processing. Being a Foreclosure Manager requires a bachelor's degree in a related area. Typically reports to a director. The Foreclosure Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Foreclosure Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Foreclosure Manager in Boston, MA

Career Path for Foreclosure Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Foreclosure Manager, the first career path typically progresses to Banking Operations Director.

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's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Foreclosure Manager salary varies from city to city. Compared with national average salary of Foreclosure Manager, the highest Foreclosure Manager salary is in San Francisco, CA, where the Foreclosure Manager salary is 25.0% above. The lowest Foreclosure Manager salary is in Miami, FL, where the Foreclosure Manager salary is 2.9% lower than national average salary.

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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Foreclosure Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
84485
115813
98381

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
88495
133020
109533
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Foreclosure Manager in Boston, MA. The base salary for Foreclosure Manager ranges from $84,485 to $115,813 with the average base salary of $98,381. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $88,495 to $133,020 with the average total cash compensation of $109,533.
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How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

84485
115813

 

Step 3 of 3

How much should you be paid?

About Boston, Massachusetts    Boston has an area of 89.63 square miles (232.1 km2)—48.4 square miles (125.4 km2) (54%) of land and 41.2 square miles (106.7 km2) (46%) of water. The....More

Boston, Massachusetts  area prices were up 2.5% from a year ago    View the Cost of Living in Boston, Massachusetts

Foreclosure Manager Salary in popular cities: WorcesterSpringfieldLowell

Skills associated with Foreclosure Manager: Foreclosure Operations, Account Review, Foreclosure Regulatory Compliance

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