How much does a Loan Workout Officer III make in Brockton, MA? The average Loan Workout Officer III salary in Brockton, MA is $135,852 as of June 28, 2020, but the range typically falls between $118,906 and $152,722. 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)... View full job description
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.
December 13, 2019
Negotiate workouts with all involved parties (borrowers, guarantors, SBA, and any other participants, etc.
January 20, 2020
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.
According to the United States Census Bureau, the city has a total area of 21.6 square miles (56 km2), of which 21.5 square miles (56 km2) is land and 0.1 square miles (0.26 km2) (0.56%) is water. Brockton is the 162nd largest city by land area in the Commonwealth, and the twelfth largest of the twenty-seven towns in Plymouth County. Brockton is bordered by Stoughton to the northwest, Avon to the north, Holbrook to the northeast, Abington to the northeast, Whitman and East Bridgewater to the southeast, West Bridgewater to the south, and Easton to the west. Brockton is approximately 25 miles s...
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 Brockton, MA. The base salary for Loan Workout Officer III ranges from $118,906 to $152,722 with the average base salary of $135,852. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $134,067 to $175,784 with the average total cash compensation of $155,948.