A Commercial Loan Processor earns an average salary of $40,128 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 Total Pay (?
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.
)
$29,227 - $55,308
(Median)
29K
34K
40K
48K
55K
MEDIAN: $40,127
10%
25%
50%
75%
90%
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Commercial Loan Processor Total Pay (?
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.
)
$11.72 - $22.78
(Median)
12
15
18
23
MEDIAN: $15.00
10%
50%
75%
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$19K$38K$57K
Salary
$29,227 - $55,308  
   
Bonus
$0.00 - $3,878  
Profit Sharing
$133.79 - $5,089  
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).
)
$26,045 - $53,680  
PayScale
Country: United States | Currency: USD | Updated: 23 Apr 2014 | Individuals Reporting: 304
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$12$24$36
Hourly Rate
$11.72 - $22.78  
   
Overtime
$15.46 - $33.59  
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$24K$48K$72K
Bonus
$0.00 - $3,878  
   
Profit Sharing
$133.79 - $5,089  
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).
)
$26,045 - $53,680  
PayScale
Country: United States | Currency: USD | Updated: 23 Apr 2014 | Individuals Reporting: 304
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Commercial Loan Processor Job Listings

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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.
Pay by Experience Level for Commercial Loan Processor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Related Job Salaries

Experience Affects Commercial Loan Processor Salaries

Experienced
up arrow 23%
Late-Career
up arrow 13%
Mid-Career
up arrow 5%
National Average
$36,000
Entry-Level
up arrow 9%

Skills That Affect Commercial Loan Processor Salaries

Commercial Loans
up arrow 8%
Loan Documents
up arrow 2%
National Average
$36,000
Loan Processing
up arrow 12%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 66 votes.
Gender
Female
86%
female alumni
 
Male
14%
male alumni
Years of Experience
Less than 1 year
4%
1-4 years
37%
5-9 years
27%
10-19 years
22%
20 years or more
11%
Common Health Benefits
medical benefits Medical: 84% dental benefits Dental: 70%
vision benefits Vision: 49% employee benefits None: 13%
Find Out Exactly What You Should Be Paid
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