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 $55,876.

The average hourly rate of a(n) Banking Loan Collector Commercial in United States is $26.86.

The average bonus of a(n) Banking Loan Collector Commercial in United States is $1,777.00.

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

Collector - MTG - Columbus, OH

Huntington

Where applicable advises homeowners on the circumstances under which their loan can be referred to foreclosure....

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Credit Administrator/Collector - Ballston Spa, NY

Ballston Spa National Bank

This position also performs collections duties corresponding with commercial and consumer delinquent loans....

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Senior Loan Officer I - Las Vegas, NV

Western Alliance Bank

Advanced knowledge of commercial, construction, real estate and consumer loan processing. Visiting sites of loans;...

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Mortgage Loan Officer - Evansville, IN

Field & Main Bank

Mortgage loan officers work on loans for both residential and commercial properties. Analyze potential loan markets and develop referral networks to locate...

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Loan Officer - San Diego, CA

Western Alliance Bank

Intermediate knowledge of commercial, construction, real estate and consumer loan processing. Visiting sites of loans; Negotiates loan terms and conditions;...

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