How much does a Loan Workout Officer I make in the United States? The average Loan Workout Officer I salary in the United States is $72,415 as of October 01, 2024, but the range typically falls between $64,624 and $85,519. 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.
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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.
Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
3.
Law Enforcement: Law enforcement is any system by which some members of society act in an organized manner to enforce the law by discovering, deterring, rehabilitating, or punishing people who violate the rules and norms governing that society. Although the term encompasses entities such as courts and prisons, it is most frequently applied to those who directly engage in patrols or surveillance to dissuade and discover criminal activity, and those who investigate crimes and apprehend offenders, a task typically carried out by the police or another law enforcement organization. Furthermore, although law enforcement may be most concerned with the prevention and punishment of crimes, organizations exist to discourage a wide variety of non-criminal violations of rules and norms, effected through the imposition of less severe consequences.
Mastering certain skills can make the compensation of a Loan Workout Officer I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Accounting, you can get a 11% salary raise. If you are good at Commercial Loans, your salary will increase by 11%.
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
All times are listed as US Eastern time (Boston/New York)
9:00 AM-9:30 AM
9:30 AM-10:00 AM
10:00 AM-10:30 AM
10:30 AM-11:00 AM
11:00 AM-11:30 AM
11:30 AM-12:00 PM
12:00 PM-12:30 PM
12:30 PM-1:00 PM
1:00 PM-1:30 PM
1:30 PM-2:00 PM
2:00 PM-2:30 PM
2:30 PM-3:00 PM
3:00 PM-3:30 PM
3:30 PM-4:00 PM
4:00 PM-4:30 PM
4:30 PM-5:00 PM
5:00 PM-5:30 PM
5:30 PM-6:00 PM
6:00 PM-6:30 PM
6:30 PM-7:00 PM
7:00 PM-7:30 PM
7:30 PM-8:00 PM
Job Description for Loan Workout Officer I
Loan Workout Officer I restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. Being a Loan Workout Officer I typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Workout Officer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)...
View full job description
Salary.com job board provides millions of Loan Workout Officer I information for you to search for. Click on search button below to see Loan Workout Officer I job openings or enter a new job title here.
About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
Description. Cardinal is a not-for-profit financial cooperative owned by its members. This means that as a credit union member, you are never a customer, b...
- 6 Days Ago
Career Path for Loan Workout Officer I
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 Loan Workout Officer I, the first career path typically starts with a Commercial Loan Workout Officer II position, and then progresses to Commercial Loan Workout Officer IV.
Additionally, the second career path typically starts with a Loan Workout Officer II position, and then progresses to Banking & Commercial Loan Workout Manager.
RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokera... More
RE/MAX HOLDINGS INC
Company Description
Fiscal Year Ended in 2023
What does a Loan Workout Officer I do?
Loan Workout Officer I in Indianapolis, IN
Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking.
Loan Workout Officer I salary varies from city to city.
Compared with national average salary of Loan Workout Officer I, the highest Loan Workout Officer I salary is in San Francisco, CA, where the Loan Workout Officer I salary is 25.0% above.
The lowest Loan Workout Officer I salary is in Miami, FL, where the Loan Workout Officer I salary is 3.5% lower than national average salary.
Geographic variations impact Loan Workout Officer I salary levels, due to various factors, such as cost of living, industries, market demand and company budgets.
Click below to see pay differences between states.
Browse All Banking Jobs by Salary Level
Browse Related Job Categories With Loan Workout Officer I
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries.
Loan Workout Officer I salary varies from category to category.
Click below to see Loan Workout Officer I salary in different categories.
Take just three simple steps below to generate your own personalized salary report
Step 1 of 3
Understand the total compensation opportunity for a Loan Workout Officer I, base salary plus other pay elements
Average Base Salary
Core compensation
 
 
 
64624
85519
72415
Average Total Cash Compensation
Includes base and annual incentives
 
 
 
66796
94231
76803
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer I in the United States. The base salary for Loan Workout Officer I ranges from $64,624 to $85,519 with the average base salary of $72,415. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $66,796 to $94,231 with the average total cash compensation of $76,803.