As of March 01, 2025, the average annual salary for a Foreclosure Manager in Newark, DE is $93,067. According to Salary.com, salaries can range from a low of $67,956 to a high of $124,569, with most professionals earning between $79,923 and $109,556.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $105,140 | $8,762 | $2,022 | $51 |
| Average | $89,315 | $7,443 | $1,718 | $43 |
| 25th Percentile | $76,701 | $6,392 | $1,475 | $37 |
An entry-level Foreclosure Manager with under 1 year experience makes about $87,332. With less than 2 years of experience, a mid-level Foreclosure Manager makes around $87,915. After 2-4 years, the Foreclosure Manager pay rises to about $89,276. Those senior Foreclosure Manager with 5-8 years of experience earn roughly $90,831, and those Foreclosure Manager having 8 years or more experience are expected to earn about $93,899 on average.
| Levels | Salary |
|---|---|
| Entry Level Foreclosure Manager | $87,332 |
| Intermediate Level Foreclosure Manager | $87,915 |
| Senior Level Foreclosure Manager | $89,276 |
| Specialist Level Foreclosure Manager | $90,831 |
| Expert Level Foreclosure Manager | $93,899 |
| Entry Level | 2% |
| Mid Level | 2% |
| Senior Level | 0% |
| Top Level | 2% |
| Experienced | 5% |
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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.
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.
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)".
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.
| Skill | Salary | Demand |
|---|---|---|
|
Mortgage Lending
|
$116,333 |
25%
|
|
Interviewing
|
$105,165 |
13%
|
|
Written Communication
|
$105,165 |
13%
|
|
Motivating
|
$101,443 |
9%
|
|
Performance Review
|
$100,512 |
8%
|
|
Leadership
|
$98,651 |
6%
|
