Commercial Loan Processor Salary (United States)

The average salary for a Commercial Loan Processor is $41,239 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.
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.
)
$30,117 - $55,989
(Median)
30K
36K
41K
49K
56K
MEDIAN: $41,238
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.
)
$11.78 - $23.62
(Median)
12
15
18
24
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
$30,117 - $55,989  
   
Bonus
$0.00 - $4,530  
Profit Sharing
$131.88 - $5,165  
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).
)
$26,224 - $54,929  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 284
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
$11.78 - $23.62  
   
Overtime
$15.28 - $36.91  
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 - $4,530  
   
Profit Sharing
$131.88 - $5,165  
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).
)
$26,224 - $54,929  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 284
Is Commercial Loan Processor your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:
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.

Commercial Loan Processor Job Listings

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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

Experience Affects Commercial Loan Processor Salaries

Late-Career
up arrow 23%
Experienced
up arrow 22%
Mid-Career
up arrow 3%
National Average
$38,000
Entry-Level
up arrow 11%

Skills That Affect Commercial Loan Processor Salaries

National Average
$38,000
Loan Documents
up arrow 2%
Loan Processing
up arrow 15%
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 66 votes.
Gender
Female
87%
female alumni
 
Male
13%
male alumni
Years of Experience
Less than 1 year
4%
1-4 years
35%
5-9 years
24%
10-19 years
25%
20 years or more
11%
Common Health Benefits
medical benefits Medical: 84% dental benefits Dental: 71%
vision benefits Vision: 52% employee benefits None: 12%
Find Out Exactly What You Should Be Paid
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United States (change)
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