Commercial Loan Processor with Commercial Loans Skills Salary

For Commercial Loan Processors with Commercial Loans skills, hourly average wages total $17.18 per hour. The vast majority of Commercial Loan Processors with Commercial Loans skills (81 percent) who responded to the survey are women. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Most workers in this position report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.

$32,717 - $63,871
$33K
$49K
$64K
MEDIAN: $49,339
10%
50%
90%

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$12.92 - $23.60
$13
$17
$24
MEDIAN: $17.18
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$22K$44K$66K
Salary
$32,717 - $63,871  
   
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).
)
$29,475 - $62,257  
Country: United States | Currency: USD | Updated: 25 Mar 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
$12.92 - $23.60  
   
Overtime
$19.25 - $34.51  
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).
)
$29,475 - $62,257  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 67

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Pay by Experience Level for Commercial Loan Processor

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


Commercial Loan Processors with Commercial Loans skills with a rich background of experience are typically rewarded with larger paychecks. Salaries for inexperienced workers average out to $42K, and those with five to 10 years' experience earn a higher median of $35K. People with 10 to 20 years of experience make an average of about $44K in this role. Commercial Loan Processors with Commercial Loans skills who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $60K.

Key Stats for Commercial Loan Processor

Gender

Female
81 %
Male
19 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
Less than 1 year
2%
1-4 years
37%
5-9 years
17%
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
▲44%

Experienced
▲7%

Mid-Career
▲3%

National Average
$41,000

Entry-Level
▼14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
17%
10-19 years
30%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 77%
vision benefits
Vision: 68%
dental benefits
None: 12%
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