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Loan Workout Officer III Salary in the United States

How much does a Loan Workout Officer III make in the United States?

As of August 01, 2026, the average salary for a Loan Workout Officer III in the United States is $106,230 per year, which breaks down to an hourly rate of $51.

However, a Loan Workout Officer III's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $128,949
  • Majority Range (25th-75th percentile): $100,391 to $118,122
  • Entry-Level (10th percentile): $95,075
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Loan Workout Officer III Salaries

A Loan Workout Officer III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Loan Workout Officer III Salaries?

Experience is a primary driver of a Loan Workout Officer III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Loan Workout Officer I (0-2 years): $62,898
  • Loan Workout Officer II (2-4 years): $76,626
  • Loan Workout Officer III (4-7 years): $106,230
  • Loan Workout Officer IV (7+ years): $137,546
  • Loan Workout Manager (7+ years): $148,543
Job Role Years of Experience Average Salary
Loan Workout Officer I0-2 years$62,898
Loan Workout Officer II2-4 years$76,626
Loan Workout Officer III4-7 years$106,230
Loan Workout Officer IV7+ years$137,546
Loan Workout Manager7+ years$148,543
View as Graph

How Do Loan Workout Officer IIIs Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Workout Officer IIIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $117,618.
  • California: $117,172.
  • Massachusetts: $115,610.

Top Paying Cities for Loan Workout Officer III

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $133,988
  • San Francisco: $132,521
  • Oakland: $129,728

What Skills Can Increase a Loan Workout Officer III's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 7.29% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Loan Origination (Mentioned in 2.46% Job Postings): Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
  • Tax Return (Mentioned in 1.31% Job Postings): Calculating an entity’s income earned with the amount of tax payable to the government, organizations, or potential taxpayers.
Skills Demand Percentage
Customer Service 7.29%
Loan Origination 2.46%
Tax Return 1.31%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Workout Officer III's salary.

  • Bond: Can increase your salary by up to 42%.
  • Loan Processing: Can increase your salary by up to 7%.
  • Tax Return: Can increase your salary by up to 7%.
Skill Salary Salary % Increase
Bond $150,847
42%
Loan Processing $113,666
7%
Tax Return $113,666
7%
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Loan Workout Officer III Salary by Company Size: Startups vs. Enterprise

Loan Workout Officer III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $113,180. While startup companies pay approximate $96,106.

Loan Workout Officer III Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $96,106
Growth Stage 51~500 $101,560
Established 501~5000 $109,395
Enterprise 5000+ $113,180

Loan Workout Officer III Salary by Industry: Top Paying Sectors

For Loan Workout Officer III roles, the industry you choose can impact your earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 30% above the average. Conversely, Loan Workout Officer positions in Business Services typically offer lower base pay, as this sector often view Loan Workout Officer III as a support function rather than a direct revenue driver.

The top paying industry for a Loan Workout Officer III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$138,099$66.030%

How Education impacts an Loan Workout Officer III's Salary?

Your level of education can impact your salary potential. While many Loan Workout Officer III enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Loan Workout Officer III with a Bachelor's Degree is between $87,354 and $96,060.

Loan Workout Officer III Salaries by Degree Level

Typical Education for Loan Workout Officer III
Degree Level % of user with this level of education
No Diploma 18.8%
High School 18.8%
Associates 25.0%
Bachelors 37.5%
Masters 18.8%
Doctorate 0.0%
View as Graph

Loan Workout Officer III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Workout Officer III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026
$100,391
Average $106,230/year
$118,122
$8,366
Average $8,853/month
$9,844
$1,931
Average $2,043/week
$2,272
$48
Average $51/hour
$57
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $118,122 $9,844 $2,272 $57
Average $106,230 $8,853 $2,043 $51
25th Percentile $100,391 $8,366 $1,931 $48

Loan Workout Officer III Salary Growth & Career Path

Loan Workout Officer III

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Loan Workout Officer III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
Commercial Loan Workout Officer IV $169,016 59%
Loan Workout Officer IV $137,546 29%

Most common benefits for Loan Workout Officer III

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Loan Workout Officer III

Here are companies hiring for Loan Workout Officer III and their salaries, click below for more details.

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FAQ about Loan Workout Officer III

1. Where can a Loan Workout Officer III earn the most?

A Loan Workout Officer III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Loan Workout Officer III earns the most in San Jose, CA, where the annual salary of a Loan Workout Officer III is $133,988.

2. What is the highest pay for Loan Workout Officer III?

The highest pay for Loan Workout Officer III is $128,949.

3. What is the lowest pay for Loan Workout Officer III?

The lowest pay for Loan Workout Officer III is $95,075.

4. What are the responsibilities of Loan Workout Officer III?

Responsible for developing and implementing workout plans that are designed to restructure problem loans. Works closely with borrowers, legal counsel, and internal stakeholders to preserve capital and maximize recovery. Analyzes financial data to restructure loan terms, secure collateral/assets, and facilitate settlements. Ensures all actions are compliant with federal, state, investor, and company guidelines. Typically works with mid- and large-size loans of medium to high complexity. Requires a bachelor's degree. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience.

5. What industry pays the highest salary for Loan Workout Officer III?

The Financial Services industry offers the highest average compensation for Loan Workout Officer III roles, with salaries approximately 30% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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