How much does a Loan Workout Officer III make in Auburn, AL? The average Loan Workout Officer III salary in Auburn, AL is $111,024 as of November 25, 2019, but the range typically falls between $97,179 and $124,817. 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.
Loan Workout Officer III 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. Being a Loan Workout Officer III analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. Additionally, Loan Workout Officer III may guide and mentor junior team members. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Loan Workout Officer III typically requires 4 to 7 years of related experience. (Copyright 2019 Salary.com)
Gigamon Inc. develops and delivers solution that delivers visibility and control of data-in-motion traversing enterprise, federal, and service provider networks in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers traffic intelligence applications that provid... More
Fiscal Year Ended in 2016
What does a Loan Workout Officer III do?
Loan Workout Officer III in Indianapolis, IIIN
Negotiate workouts with all involved parties (borrowers, guarantors, SBA, and any other participants, etc.
September 15, 2019
Prepare reports and forecasts detailing the management and disposition of REOs.
September 30, 2019
Complete documentation of workout efforts (including communications, reason for default, workout/payment plans, updated phone numbers and mailing addresses) and ensuring all information is part of the permanent loan file.
The city of Auburn lies in western Lee County and is bordered by the city of Opelika to the northeast and by Chambers County to the north. The city stretches south to the Macon County line in the southwest.
Auburn sits on the Fall Line at the juncture of the piedmont plateau and the coastal plain. Portions of Auburn also include the southernmost exposure of rocks indicating the Appalachian orogeny—as such, the last foothill of the Appalachian Mountains lies in Chewacla State Park in southern Auburn. As a result of these three varied physical environments, Auburn has an extremely diverse geolog...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer III in Auburn, AL. The base salary for Loan Workout Officer III ranges from $97,179 to $124,817 with the average base salary of $111,024. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $109,568 to $143,661 with the average total cash compensation of $127,452.