How much does a Loan Workout Officer III make in Loveland, CO? The average Loan Workout Officer III salary in Loveland, CO is $120,843 as of January 20, 2020, but the range typically falls between $105,766 and $135,851. 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)
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.
Loveland is the Home Rule Municipality that is the second most populous municipality in Larimer County, Colorado, United States. Loveland is situated 46 miles (74 km) north of the Colorado State Capitol in Denver. Loveland is the 14th most populous city in Colorado. The United States Census Bureau estimated that in 2014 the population of the city was 72,651. The city forms part of the Fort Collins-Loveland Metropolitan Statistical Area and the Front Range Urban Corridor. The city's public schools are part of the Thompson R2-J School District....
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 Loveland, CO. The base salary for Loan Workout Officer III ranges from $105,766 to $135,851 with the average base salary of $120,843. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $119,265 to $156,359 with the average total cash compensation of $138,723.