How much does a Foreclosure Manager make in Methuen, MA? The average Foreclosure Manager salary in Methuen, MA is $93,595 as of April 24, 2024, but the range typically falls between $80,381 and $110,183. 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 $68,350 Methuen,MA April 24, 2024
25th Percentile Foreclosure Manager Salary $80,381 Methuen,MA April 24, 2024
50th Percentile Foreclosure Manager Salary $93,595 Methuen,MA April 24, 2024
75th Percentile Foreclosure Manager Salary $110,183 Methuen,MA April 24, 2024
90th Percentile Foreclosure Manager Salary $125,285 Methuen,MA April 24, 2024
25% $80,381 10% $68,350 90% $125,285 75% $110,183 $93,595 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 Methuen, MA
  • Demerle Hoeger LLP, New England’s premier mortgage default servicing law firm, seeks an experienced foreclosure paralegal to join the firm’s growing defaul...
    - 4 Days Ago
  • About the Organization. Brock & Scott, PLLC is a full service law firm with extensive experience serving the financial sector. With offices across Alabama,...
    - 4 Days Ago
  • Overview. We are seeking an experienced Information Technology Manager to join our team. As the Technology Manager, you will be responsible for overseeing ...
    - 2 Months Ago
  • Overview. We create communities where employees thrive in their work, helping our residents thrive in their homes. We strive to enhance the lives and excee...
    - 1 Month Ago
  • Position Purpose and Summary. The Production Manager will manage the Prepac production facility in a way that meets output and efficiency targets. The Prod...
    - 6 Months Ago

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 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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

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

Average Base Salary

Core compensation

 
 
 
80381
110183
93595

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
84192
126546
104198
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Foreclosure Manager in Methuen, MA. The base salary for Foreclosure Manager ranges from $80,381 to $110,183 with the average base salary of $93,595. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $84,192 to $126,546 with the average total cash compensation of $104,198.
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80381
110183

 

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About Methuen, Massachusetts    Methuen /mɛˈθuːɛn/ is a statutory city and an Atlantic resort town in Essex County, Massachusetts, United States. The population was 47,255 at the 20....More

Methuen, Massachusetts  area prices were up 1.6% from a year ago    View the Cost of Living in Methuen, Massachusetts

Foreclosure Manager Salary in popular cities: BostonWorcesterSpringfield

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

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