As of April 01, 2025, the average annual salary for a Loan Workout Officer I in New Mexico is $67,326. Salary.com reports that pay typically ranges from $61,360 to $71,404, with most professionals earning between $55,928 and $75,116.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $71,404 | $5,950 | $1,373 | $34 |
| Average | $67,326 | $5,611 | $1,295 | $32 |
| 25th Percentile | $61,360 | $5,113 | $1,180 | $29 |
An entry-level Loan Workout Officer I with under 1 year experience makes about $66,436. With less than 2 years of experience, a mid-level Loan Workout Officer I makes around $67,148. After 2-4 years, the Loan Workout Officer I pay rises to about $68,057. Those senior Loan Workout Officer I with 5-8 years of experience earn roughly $68,543, and those Loan Workout Officer I having 8 years or more experience are expected to earn about $68,665 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Officer I | $66,436 |
| Intermediate Level Loan Workout Officer I | $67,148 |
| Senior Level Loan Workout Officer I | $68,057 |
| Specialist Level Loan Workout Officer I | $68,543 |
| Expert Level Loan Workout Officer I | $68,665 |
| Entry Level | 9% |
| Mid Level | 8% |
| Senior Level | 6% |
| Top Level | 6% |
| Experienced | 6% |
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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 24.9% above. The lowest Loan Workout Officer I salary is in Miami, FL, where the Loan Workout Officer I salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $90,784 |
24.9%
|
| Washington, DC | $80,483 |
10.7%
|
| Miami, FL | $69,842 |
|
| Chicago, IL | $75,119 |
3.3%
|
| Boston, MA | $81,072 |
11.5%
|
| New York, NY | $84,242 |
15.9%
|
