Avg. Base Salary (USD)
The average salary for a Loan Workout Officer is $82,500 in 2025
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What Do Loan Workout Officers Do?
- Obtain and compile financial information to evaluate loan applications and their risk.
- Generate new clients and referrals through strong relationship building.
- Track and maintain credit and loan data.
- Work directly with clients to review agreements, explain programs, and negotiate loans and terms.
Common Health Benefits for a Loan Workout Officer
Gender Breakdown for Loan Workout Officers
FAQs About Loan Workout Officers
What is the highest pay for Loan Workout Officers?
Our data indicates that the highest pay for a Loan Workout Officer is $NaN / year
What is the lowest pay for Loan Workout Officers?
Our data indicates that the lowest pay for a Loan Workout Officer is $NaN / year
How can Loan Workout Officers increase their salary?
Increasing your pay as a Loan Workout Officer is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Workout Officer that oversees more junior Loan Workout Officers, this experience can increase the likelihood to earn more.