As of April 01, 2025, the average annual salary for a Loan Workout Officer, Entry - Commercial in the United States is $68,790. Salary.com reports that pay typically ranges from $63,410 to $79,470, with most professionals earning between $58,512 and $89,194.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $79,470 | $6,623 | $1,528 | $38 |
| Average | $68,790 | $5,733 | $1,323 | $33 |
| 25th Percentile | $63,410 | $5,284 | $1,219 | $30 |
An entry-level Loan Workout Officer, Entry - Commercial with less than 1 year of experience earns about $67,653. With 1-2 years of experience, the average salary increases to $68,365. For 2-4 years of experience, the pay typically rises to $70,729. Senior-level professionals with 5-8 years of experience earn around $71,202, and those with over 8 years of experience can expect an average of $71,517.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Officer, Entry - Commercial | $67,653 |
| Intermediate Level Loan Workout Officer, Entry - Commercial | $68,365 |
| Senior Level Loan Workout Officer, Entry - Commercial | $70,729 |
| Specialist Level Loan Workout Officer, Entry - Commercial | $71,202 |
| Expert Level Loan Workout Officer, Entry - Commercial | $71,517 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 4% |
| Experienced | 4% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Loan Workout Officer, Entry - Commercial compensation over the past six years. For example, the median salary increased from $57,349 in 2023 to approximately $57,282 in 2024. (For a detailed analysis of Loan Workout Officer, Entry - Commercial salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Loan Workout Officer, Entry - Commercial information for you to search for. Click on search button below to see Loan Workout Officer, Entry - Commercial job openings or enter a new job title here.
Here are companies hiring for Loan Workout Officer, Entry - Commercial and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $68,790 | 67.4% | ||
| Bonus | $5,360 | 5.2% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $5,672 | 5.6% | ||
| 401K/403B | $2,299 | 2.3% | ||
| Disability | $667 | 0.7% | ||
| Healthcare | $5,345 | 5.2% | ||
| Pension | $4,004 | 3.9% | ||
| Time Off | $9,982 | 9.8% | ||
| Total Compensation | $102,119 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| Bachelors | 87.5% |
| Doctorate | 12.5% |
What Am I Worth?
Loan Workout Officers in the commercial sector can expect a salary range from $63,150 to $79,140, with a midpoint of $68,510. While this is a solid income, it may not reach the higher averages seen in other loan officer roles, especially when commissions are factored in. Overall, earnings can vary significantly based on experience and performance.
As of now, the salary for a Loan Workout Officer in the commercial sector ranges from $63,150 to $79,140 annually. The average salary is approximately $68,510 per year, which translates to about $32.92 per hour, $1,320 per week, or $5,720 per month.
To maximize earnings as a Loan Workout Officer, focus on enhancing your skills in structuring loans and attracting new clients. With a salary range from $63,150 to $79,140, your expertise can significantly impact your compensation. Strive to meet the financial institution's goals, as this will lead to better opportunities and higher pay.
Commercial loan officers are generally compensated with a salary that ranges from $63,150 to $79,140, with a midpoint of $68,510. In addition to their base salary, they may earn commissions based on the loan amount, which can vary by lender and loan type, often increasing for loans with higher interest rates or fees.
Commercial loan brokers earn income through commission fees, usually ranging from 1% to 3% of the loan amount. They may charge fees to either the lender or the borrower. For a Loan Workout Officer, entry-level salaries range from $63,150 to $79,140, with a midpoint of $68,510, reflecting the financial stakes involved in loan transactions.
The workout fee refers to the fee specified for the Special Servicer related to collections on each Corrected Mortgage Loan, as outlined in Section 3.11(c). For a Loan Workout Officer, the salary ranges from $63,150 to $79,140, with a midpoint of $68,510, reflecting the financial responsibilities associated with managing these collections.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
