Loan Assistant, Commercial Salary

A Loan Assistant, Commercial earns an average wage of $19.17 per hour. Most people with this job move on to other positions after 20 years in this field.

$30,942 - $59,743
$31K
$44K
$60K
MEDIAN: $44,298
10%
50%
90%

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$14.00 - $26.98
$14
$19
$27
MEDIAN: $19.17
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$20K$40K$60K
Salary
$30,942 - $59,743  
   
Bonus
$511 - $5,872  
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).
)
$30,399 - $58,964  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 45
© PayScale, Inc. @ www.payscale.com
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$15$30$45
Hourly Rate
$14.00 - $26.98  
   
Overtime
$-0.50 - $44.38  
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$30K$60K$90K
Bonus
$511 - $5,872  
   
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).
)
$30,399 - $58,964  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 68
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Loan Assistant, Commercial

Commercial loan assistants work under the guidance of loan officers and organize commercial loan application portfolios. They are typically present from loan origination to closing to gather all necessary forms and documents and follow up with clients to obtain further documentation, and they may verify, authenticate, and process these loan documents. They may also work to obtain exceptions when appropriate from both inside and outside parties.

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Loan Assistant, Commercial Tasks

  • Complete due diligence and basic paperwork on loan applications, contracts and renewals.
  • Return phone calls and answer questions, including about the status of loans.
  • Facilitate contract signings and closings, complying with all applicable laws.
  • Assist loan officers and collections with creating, collecting, and processing paperwork.

Common Career Paths for Loan Assistant, Commercial


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Popular Skills for Loan Assistant, Commercial

Pay by Experience Level for Loan Assistant, Commercial

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

Related Job Salaries

Key Stats for Loan Assistant, Commercial

Gender

Female
89 %
Male
11 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
Less than 1 year
1%
1-4 years
35%
5-9 years
17%
10-19 years
37%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Assistant, Commercial Salaries

▲14%

▲13%

▲4%

National Average
$43,000

▼13%

Skills That Affect Loan Assistant, Commercial Salaries




National Average
$43,000

Customer Service
▼15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
1%
1-4 years
35%
5-9 years
17%
10-19 years
37%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 68%
vision benefits
Vision: 53%
dental benefits
None: 19%
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