As of March 01, 2025, the average annual salary for a Loan Workout Officer III in the United States is $129,658. According to Salary.com, salaries can range from a low of $104,090 to a high of $143,316, with most professionals earning between $116,275 and $136,807.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $136,807 | $11,401 | $2,631 | $66 |
| Average | $129,658 | $10,805 | $2,493 | $62 |
| 25th Percentile | $116,275 | $9,690 | $2,236 | $56 |
An entry-level Loan Workout Officer III with less than 1 year of experience earns about $123,666. With 1-2 years of experience, the average salary increases to $124,664. For 2-4 years of experience, the pay typically rises to $126,662. Senior-level professionals with 5-8 years of experience earn around $129,658, and those with over 8 years of experience can expect an average of $132,326.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Officer III | $123,666 |
| Intermediate Level Loan Workout Officer III | $124,664 |
| Senior Level Loan Workout Officer III | $126,662 |
| Specialist Level Loan Workout Officer III | $129,658 |
| Expert Level Loan Workout Officer III | $132,326 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 2% |
| Top Level | 0% |
| Experienced | 2% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Loan Workout Officer III compensation over the past six years. For example, the median salary increased from $91,278 in 2023 to approximately $91,476 in 2024. (For a detailed analysis of Loan Workout Officer III salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Loan Workout Officer III information for you to search for. Click on search button below to see Loan Workout Officer III job openings or enter a new job title here.
Here are companies hiring for Loan Workout Officer III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $129,658 | 73.7% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $9,919 | 5.6% | ||
| 401K/403B | $6,094 | 3.5% | ||
| Disability | $1,037 | 0.6% | ||
| Healthcare | $6,056 | 3.4% | ||
| Pension | $7,131 | 4.1% | ||
| Time Off | $15,958 | 9.1% | ||
| Total Compensation | $175,853 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 5.9% |
| Associates | 11.8% |
| Bachelors | 64.7% |
| Masters | 17.6% |
What Am I Worth?
The average annual salary of Loan Workout Officer III is $129,658. In case you are finding an easy salary calculator, the average hourly pay of Loan Workout Officer III is $62; the average weekly pay of Loan Workout Officer III is $2,493; the average monthly pay of Loan Workout Officer III is $10,805.
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 $162,721.
The highest pay for Loan Workout Officer III is $143,316.
The lowest pay for Loan Workout Officer III is $104,090.
Restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower and to facilitate collection. Works with the largest and highest complexity loans. Analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. May guide and mentor junior team members. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience.
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Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Promotion: Developing and implementing promotional activities to attract and increase the awareness of customers in buying products.
BI: Business intelligence (BI) is a technology-driven process for analyzing data and delivering actionable information that helps executives, managers and workers make informed business decisions.
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.
