Banking Loan Collector Commercial Salary in United States

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Average Salary for Banking Loan Collector Commercial in United States

The average salary of a(n) Banking Loan Collector Commercial in United States is $55,744.

The average hourly rate of a(n) Banking Loan Collector Commercial in United States is $26.80.

The average bonus of a(n) Banking Loan Collector Commercial in United States is $1,773.00.

Job Description:

Coordinates activities to collect delinquent commercial loans. Reviews files of commercial loans in default to determine collateral held by bank. Typically requires a four-year college degree in addition to job experience in a related field. Writes letter to customer to demand payment of loan balance. Calls or visits customer to determine if repayment plan can be established. Computes repayment schedule. Determines if status of customer's financial position prevents repayment of loan and justifies re-classifying loan as non-revenue producing. Initiates collateral liquidation when customer does not repay loan. Petitions court to transfer title and deeds of collateral to bank. Coordinates maintenance and repairs to property. Coordinates activities to maintain income flow related to seized assets, such as notifying renters to mail payments to financial institution. Calls real estate broker to initiate sale of real estate. Calls auctioneer or liquidation specialist to sell specified property, such as machines, equipment, and inventory at public auction. Specifies changes to bank records on value of loan. May testify at legal proceedings. Less

Coordinates activities to collect delinquent commercial loans. Reviews files of commercial loans in default to determine collateral held by bank. Typically requires a four-year college degree in addition to job experience in a related field. Writes letter to customer to... More

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Results for Banking Loan Collector Commercial in United States

Loan Collector - Retail Lending - Plymouth, MN - Plymouth, MN

TCF Bank

TCF Bank is seeking a Loan Collector to join our Retail Collection team! Initiates and pursues the prompt collection of direct and indirect installments loans,...

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Commercial Lender - Relationship Banker - Olive Branch, MS

Citizens National Bank Inc

Interviews commercial loan applicants. Collects past due loans unless assigned to the centralized collectors....

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SVP/Credit Adminstrator - Irvine, CA

Pacific Premier Bank

Prepares loan concentration, loans in process, loan projection, selected loans, delinquent loans, watch list, loan loss reserve, boarded loans, economic...

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Loan Operations Analyst - San Jose, CA

Technology Credit Union

Commercial Loan Responsibilities (including SBA 7a and 504 Loans):. SBA, and Commercial loans including construction related projects....

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Collector - Los Angeles, CA

USC Credit Union

The primary function of the collector is to recover monies owed to USC Credit Union for delinquent Consumer Loans and other loan portfolios such as student...

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