How much does a Loan Workout Officer III make in Berkeley, CA? The average Loan Workout Officer III salary in Berkeley, CA is $147,568 as of February 26, 2020, but the range typically falls between $129,158 and $165,896. 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 2020 Salary.com)
PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumer... More
PayPal Holdings, Inc.
Fiscal Year Ended in 2018
What does a Loan Workout Officer III do?
Loan Workout Officer III in Indianapolis, IIIN
Prepare reports and forecasts detailing the management and disposition of REOs.
October 27, 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.
January 09, 2020
Negotiate workouts with all involved parties (borrowers, guarantors, SBA, and any other participants, etc.
Berkeley (/ˈbɜːrkli/ BURK-lee) is a city on the east shore of San Francisco Bay in northern Alameda County, California. It is named after the 18th-century Irish bishop and philosopher George Berkeley. It borders the cities of Oakland and Emeryville to the south and the city of Albany and the unincorporated community of Kensington to the north. Its eastern border with Contra Costa County generally follows the ridge of the Berkeley Hills. The 2010 census recorded a population of 112,580.
Berkeley is home to the oldest campus in the University of California system, the University of California, B...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Browse Related Job Categories With Loan Workout Officer III
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 III, base salary plus other pay elements
Average Base Salary
Average Total Cash Compensation
Includes base and annual incentives
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 Berkeley, CA. The base salary for Loan Workout Officer III ranges from $129,158 to $165,896 with the average base salary of $147,568. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $145,635 to $190,940 with the average total cash compensation of $169,408.