Loan Servicing Officer Salary in Colorado - State Average

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Average Salary for Loan Servicing Officer in Colorado - State Average

The average salary of a(n) Loan Servicing Officer in Colorado - State Average is $56,025.

The average hourly rate of a(n) Loan Servicing Officer in Colorado - State Average is $26.94.

The average bonus of a(n) Loan Servicing Officer in Colorado - State Average is $1,782.00.

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 Loan Servicing Officer in Colorado - State Average

Mortgage Consultant/Loan Officer - Colorado Springs, CO

StraussGroup, Inc.

Mortgage Consultant/Loan Officer*. The Loan Officer is to maintain and develop in-depth knowledge of services and products.*....

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Real Estate Loan Processor - Littleton, CO

Red Rocks Credit Union

Maintain an up-to-date knowledge of consumer loan regulations and Reg C for mortgage loans as they pertain to loan applications and processing;...

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Collateral Servicing Rep - Lakewood, CO

FirstBank Holding Company

Prior loan experience. And protect loan collateral. This entry level position as a Collateral Servicing Representative will allow you to play an essential part...

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Research & Reporting Rep. - Lakewood, CO

FirstBank Holding Company

Send delinquent loan letters to officers and customers in compliance with regulation and servicing guidelines....

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Mortgage Banker - Denver, CO

Freedom Mortgage Corporation

RETAIL LOAN OFFICER. The Loan Officer is responsible for proactively soliciting new residential mortgage business and sells current Freedom Mortgageā€™s products...

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