Commercial Lender Salary

Pay for Commercial Lenders in the United States sits in the ballpark of $74K annually. Total cash incomes of Commercial Lenders run from $44K to $126K, depending on bonuses that can occasionally exceed $20K, profit sharing that reaches $10K, and some commissions of nearly $20K. Career duration is the biggest factor affecting pay for this group, followed by geography. Most Commercial Lenders like their work and job satisfaction is high. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to more than half. The data in this summary comes from the PayScale salary survey.
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$44,495 - $112,978
(Median)
$44K
$74K
$110K
MEDIAN: $74,159
10%
50%
90%

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$10.70 - $35.23
(Median)
$11
$16
$35
MEDIAN: $15.00
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
$44,495 - $112,978  
   
Bonus
$989 - $20,488  
Profit Sharing
$618 - $10,474  
Commission
$0.00 - $20,347  
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).
)
$43,960 - $125,866  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 508
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
$10.70 - $35.23  
   
Overtime
$25.95  
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
$989 - $20,488  
   
Commission
$0.00 - $20,347  
Profit Sharing
$618 - $10,474  
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).
)
$43,960 - $125,866  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 12
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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

  • 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


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Business Development, Financial Analysis, Loan Underwriting, and Sales are correlated to pay that is above average, with boosts between 4 percent and 7 percent. Most people who know Financial Analysis 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.


Experience is an important factor influencing the compensation of Commercial Lenders. Salaries of relatively inexperienced workers fall in the neighborhood of $56K, but folks who have racked up five to 10 years see a notably higher median of $76K. Commercial Lenders claiming one to two decades of experience make an estimated median of $90K. Seasoned veterans with 20 years under their belts enjoy a median income of $110K.

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Experience Affects Commercial Lender Salaries



National Average
$79,000



Skills That Affect Commercial Lender Salaries



Loan Underwriting
up arrow 4%

Sales
up arrow 4%

Commercial Loans
up arrow 4%

National Average
$79,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 104 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
3%
1-4 years
18%
5-9 years
29%
10-19 years
32%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 81%
medical benefits
Vision: 61%
dental benefits
None: 7%
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