Loan Servicing Officer Salary in Alabama - State Average

To get your salary data, use the search bar below or browse by job, city, or state.
loading...

Job title is required

loading...

Job location is required.

Average Salary for Loan Servicing Officer in Alabama - State Average

The average salary of a(n) Loan Servicing Officer in Alabama - State Average is $50,316.

The average hourly rate of a(n) Loan Servicing Officer in Alabama - State Average is $24.19.

The average bonus of a(n) Loan Servicing Officer in Alabama - State Average is $1,600.00.

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

How helpful is this page?

Are you a(n) Loan Servicing Officer?

Get a more personalized salary report now. Get Report

Average Salaries for Similar Jobs in Alabama - State Average

View Salaries for Loan Servicing Officer in Other Cities in Alabama - State Average

Job Openings by Indeed job search

Results for Loan Servicing Officer in Alabama - State Average

Loan Collections Specialist - Birmingham, AL

Synovus

Prepares loan documents, analysis and performs other related loan servicing actives for review and approval. Works directly with the Loan Workout Specialists to...

View job on Indeed.com

Credit Analyst/Credit Analyst Trainee - Cullman, AL

Farm Credit Bank of Texas

Assists loan officers in the analysis, servicing, and reporting of the association’s mortgage and commercial loans....

View job on Indeed.com

Commercial Relationship Mgr-Emerging Companies - Birmingham, AL

BBVA Compass

Bachelor's degree, formal credit and/or commercial loan training and 3 to 5 years experience.  Manages and expands existing portfolio by overseeing credit...

View job on Indeed.com

Corporate Relationship Manager-Middle Market - Huntsville, AL

BBVA Compass

Bachelor's degree, formal credit and/or commercial loan training and 10 or more years experience.  Manages and expands existing portfolio by overseeing credit...

View job on Indeed.com

Market Leader IV - Trussville, AL

BB&T

Responsible for balanced growth, servicing and profitability of Bank’s deposit products. Responsible for consumer and small business loan performance within the...

View job on Indeed.com

Discover How Much You
Should Be Paid

Work in Compensation or HR?    x