Average Commercial Loan Processors with Commercial Loans skills make around $17.34 per hour. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. There are far more female Commercial Loan Processors with Commercial Loans skills who answered the questionnaire than men, making up 82 percent. The majority of workers are highly satisfied with their job. The data for this synopsis comes from respondents who took the PayScale salary survey.

$32,717 - $62,607
$33K
$49K
$63K
MEDIAN: $49,188
10%
50%
90%

Add this chart to your site: 640px    300px

$12.94 - $22.95
$13
$17
$23
MEDIAN: $17.34
10%
50%
90%

Add this chart to your site: 640px    300px

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$21K$42K$63K
Salary
$32,717 - $62,607  
   
Bonus
$500 - $10,900  
Profit Sharing
$1,185  
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).
)
$29,537 - $60,974  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 54
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$12$24$36
Hourly Rate
$12.94 - $22.95  
   
Overtime
$19.13 - $34.80  
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$24K$48K$72K
Bonus
$500 - $10,900  
   
Profit Sharing
$1,185  
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).
)
$29,537 - $60,974  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 68

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Loan Closer Job Listings

Search for more jobs:

Pay by Experience Level for Commercial Loan Processor

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Salaries for inexperienced workers average out to $42K, and those with five to 10 years' experience earn a higher median of $35K. Commercial Loan Processors with Commercial Loans skills bring in $44K after working for 10 to 20 years. Seasoned veterans with 20 years under their belts enjoy a median income of $58K.

Key Stats for Commercial Loan Processor

Gender

Female
82 %
Male
18 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.
036
Less than 1 year
2%
1-4 years
36%
5-9 years
18%
10-19 years
30%
20 years or more
14%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Commercial Loan Processor Salaries

Late-Career
up arrow 39%

Experienced
up arrow 6%

Mid-Career
up arrow 2%

National Average
$42,000

Entry-Level
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
2%
1-4 years
36%
5-9 years
18%
10-19 years
30%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 76%
vision benefits
Vision: 65%
dental benefits
None: 12%
ADVERTISEMENT