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Commercial Lender Salary

Commercial Lenders in the United States take home an average $72K annually. Total cash compensation to Commercial Lenders approaches anywhere from $44K on the lower end to $124K on the higher end; in exceptional cases, this can include more than $20K from bonuses and upwards of $7K from profit sharing. Experience level is the biggest factor affecting pay for this group, followed by geography. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. For the most part, Commercial Lenders enjoy their work and report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
$43,038 - $112,438
(Median)
43K
54K
72K
92K
110K
MEDIAN: $71,951
10%
25%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$43,038 - $112,438  
   
Bonus
$973 - $20,094  
Profit Sharing
$919 - $7,341  
Commission
$0.00 - $39,149  
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).
)
$43,593 - $124,325  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 521
United States (change)

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

  • 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.
  • Oversee handling of advances, payments, and wire transfers.
  • 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.

Loan Officer, Commercial Job Listings

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Popular Skills for Commercial Lender


Commercial Lenders typically list a handful of skills they use on the job. Most notably, skills in Business Development, Financial Analysis, Loan Underwriting, and Sales are correlated to pay that is above average, with boosts between 8 percent and 13 percent. Most people skilled in Financial Analysis are similarly competent in Sales and Business Development. Most people who know Loan Underwriting also know Business Development and Sales.

Pay by Experience Level for Commercial Lender

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Commercial Lenders generally obtain higher compensation for more plentiful past experience. Relatively untried employees who have less than five years' experience make $54K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $76K. For Commercial Lenders, 10 to 20 years of experience on the job amounts to an average salary of $95K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $107K.

Related Job Salaries

Experience Affects Commercial Lender Salaries



National Average
$78,000



Skills That Affect Commercial Lender Salaries




up arrow 7%

National Average
$78,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 161 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
3%
1-4 years
21%
5-9 years
30%
10-19 years
28%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 78%
vision benefits Vision: 56% employee benefits None: 8%