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Commercial Loan Processor Salary

Commercial Loan Processors in the United States may have to scrimp and save; the median compensation is $42K annually. Total cash earnings of Commercial Loan Processors range from $27K on the low end to $57K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $4K and $5K, respectively. Most people on this career path report moderate levels of job satisfaction. Female Commercial Loan Processors far outnumber their male contemporaries among survey respondents. Medical benefits are awarded to most, and the larger part earn dental coverage. The information for this snapshot was generated by responses to the PayScale salary survey.

$30,771 - $58,645
(Median)
$31K
$42K
$59K
MEDIAN: $42,100
10%
50%
90%

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$12.37 - $22.40
(Median)
$12
$16
$22
MEDIAN: $16.00
10%
50%
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$20K$40K$60K
Salary
$30,771 - $58,645  
   
Bonus
$0.00 - $4,000  
Profit Sharing
$132.79 - $5,129  
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).
)
$27,457 - $56,829  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 138
National Hourly Rate 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$13$26$39
Hourly Rate
$12.37 - $22.40  
   
Overtime
$13.77 - $37.14  
National Annualized 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$26K$52K$78K
Bonus
$0.00 - $4,000  
   
Profit Sharing
$132.79 - $5,129  
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).
)
$27,457 - $56,829  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 108

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Job Description for Commercial Loan Processor

  • Answer questions regarding closing requirements.
  • Maintain communication with brokers partners and closing/settlement agents with loan status.
  • Authorize funding upon verification of all documentation.
  • Order credit reports, appraisals, title insurance, and all other certifications as necessary.

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Popular Skills for Commercial Loan Processor


Commercial Loan Processors usually report a few specific skills. Those who have experience with Commercial Loans, Loan Documents, and Loan Processing can expect to be compensated well for these skills. Those educated in Commercial Loans tend to be well versed in Loan Documents.

Pay by Experience Level for Commercial Loan Processor

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


Commercial Loan Processors do not generally earn higher incomes from more experience in the field. Relatively untried employees who have fewer than five years of experience earn around $35K on average. People who have worked for five to 10 years can expect a higher median salary of $39K. Commercial Loan Processors who work for 10 to 20 years in their occupation tend to earn about $46K. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.

Related Job Salaries

United States (change)

Experience Affects Commercial Loan Processor Salaries

Late-Career
up arrow 17%

Experienced
up arrow 16%

National Average
$40,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 12%

Skills That Affect Commercial Loan Processor Salaries

Commercial Loans
up arrow 3%

National Average
$40,000

Loan Processing
up arrow 2%

Loan Documents
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 47 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
4%
1-4 years
32%
5-9 years
23%
10-19 years
29%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 69%
vision benefits Vision: 50% employee benefits None: 12%