How much does a Loan Workout Officer III make in Chandler, AZ? The average Loan Workout Officer III salary in Chandler, AZ is $120,380 as of November 25, 2019, but the range typically falls between $105,368 and $135,335. 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.
Chandler is a city in Maricopa County, Arizona, United States, and a prominent suburb of the Phoenix, Arizona, Metropolitan Statistical Area (MSA). It is bordered to the north and west by Tempe, to the north by Mesa, to the west by Phoenix, to the south by the Gila River Indian Community, and to the east by Gilbert. As of 2017, the population was estimated at 253,458 according to the United States Census Bureau.
According to the United States Census Bureau, Chandler has a total area of 58.0 square miles (150 km2), of which 57.9 square miles (150 km2) of it is land and 0.1 square miles (0.26 km...
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 Chandler, AZ. The base salary for Loan Workout Officer III ranges from $105,368 to $135,335 with the average base salary of $120,380. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $118,801 to $155,766 with the average total cash compensation of $138,192.