Commercial Lender Salary

For Commercial Lenders, annual average wages total $80K per year. In the world of Commercial Lenders, overall cash allowance can occasionally include more than $24K from bonuses and, in some exceptional cases, $14K from profit sharing, causing incomes to vary widely between $49K and $133K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the greater part. Making up 77 percent of those who took the survey, male Commercial Lenders greatly outnumber their female counterparts. This report is based on answers to PayScale's salary questionnaire.
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$49,803 - $121,395
$50K
$80K
$120K
MEDIAN: $79,537
10%
50%
90%

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$11.74 - $27.91
$12
$18
$28
MEDIAN: $18.41
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$49,803 - $121,395  
   
Bonus
$1,445 - $24,426  
Profit Sharing
$1,030 - $13,574  
Commission
$636 - $40,314  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,048 - $133,336  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 313
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$11.74 - $27.91  
   
Overtime
$28.99  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$1,445 - $24,426  
   
Commission
$636 - $40,314  
Profit Sharing
$1,030 - $13,574  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,048 - $133,336  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 16

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United States (change)

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Job Description for Commercial Lender

A commercial lender works at a banking institution and creates sales and growth for the company by granting loans to large commercial entities. The lender will offer products and services to various companies. The lender may work with current clients, follow leads, and carry out research in order to obtain new clients. The lender will meet with clients, present products, explain the loan process, and obtain the documentation necessary. The lender will also make determinations in order to decide whether a client should be granted a loan. It is important to obtain clients that are not likely to default on loans, so adequate research needs to be carried out before granting loans. The commercial lender may also have collections duties in order to minimize loss and maximize profits for the banking institution.

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Commercial Lender Tasks

  • Develop, maintain, and grow the commercial loan portfolio of private loan companies, government agencies, and non-profit organizations.
  • Solicit new business by developing marketing strategies.
  • Oversee handling of advances, payments, and wire transfers.
  • Negotiate credit terms, and prepare credit analysis and repayment plan for approvals.
  • Interview, consult, accept, analyze credit of, and perform credit reviews of potential borrowers.

Loan Officer, Commercial Job Listings

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Popular Skills for Commercial Lender


Commercial Lenders report using a wide range of professional skills. Most notably, skills in Sales, Business Development, Loan Underwriting, and Commercial Loans are correlated to pay that is above average, with boosts between 5 percent and 8 percent. For most people, competency in Financial Analysis indicates knowledge of Business Development and Sales.

Pay by Experience Level for Commercial Lender

Pay by Experience for a Commercial Lender has a positive trend. An entry-level Commercial Lender with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 114 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Commercial Lender with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $84,000 based on 105 salaries. An experienced Commercial Lender which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $94,000 based on 114 salaries. A Commercial Lender with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $107,000 based on 55 salaries.

Related Job Salaries

Key Stats for Commercial Lender

Gender

Female
23 %
Male
77 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.
Less than 1 year
1%
1-4 years
27%
5-9 years
23%
10-19 years
31%
20 years or more
17%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Lender Salaries

▲28%

▲13%

▲1%

National Average
$83,000

▼31%

Skills That Affect Commercial Lender Salaries

▲8%





National Average
$83,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
1%
1-4 years
27%
5-9 years
23%
10-19 years
31%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 82%
vision benefits
Vision: 69%
no benefits
None: 7%
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