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Commercial Loan Processor Salary (United States)

A Commercial Loan Processor earns an average salary of $41,254 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years' experience. People in this job generally don't have more than 20 years' experience.
Commercial Loan Processor Salary (?
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.
)
$30,243 - $56,805
(Median)
30K
36K
41K
50K
57K
MEDIAN: $41,254
10%
25%
50%
75%
90%
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Commercial Loan Processor Salary (?
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.
)
$11.94 - $23.08
(Median)
12
15
18
23
MEDIAN: $15.00
10%
50%
75%
90%
Add this chart to your site: 640px    300px

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$19K$38K$57K
Salary
$30,243 - $56,805  
   
Bonus
$0.00 - $4,122  
Profit Sharing
$400.00 - $2,300  
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).
)
$26,439 - $55,237  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 142
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
$11.94 - $23.08  
   
Overtime
$15.99 - $37.02  
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 - $4,122  
   
Profit Sharing
$400.00 - $2,300  
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).
)
$26,439 - $55,237  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 118
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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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Pay by Experience Level for Commercial Loan Processor

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

Related Job Salaries

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Experience Affects Commercial Loan Processor Salaries

Experienced
up arrow 18%
Late-Career
up arrow 11%
Mid-Career
up arrow 1%
National Average
$38,000
Entry-Level
up arrow 11%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 53 votes.

Gender

Female
86%
female alumni
 
Male
14%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
33%
5-9 years
23%
10-19 years
28%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 69%
vision benefits Vision: 50% employee benefits None: 13%