Loan Officer, Commercial Salary

The average salary for a Loan Officer, Commercial is $69,182 per year. Experience has a moderate effect on pay for this job. A skill in Sales is associated with high pay for this job.

$44,346 - $108,326
$44K
$69K
$110K
MEDIAN: $69,182
10%
50%
90%

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$14.00 - $34.77
$14
$22
$35
MEDIAN: $22.48
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$50K$100K$150K
Salary
$44,346 - $108,326  
   
Bonus
$1,963 - $20,238  
Profit Sharing
$983 - $8,000  
Commission
$1,521 - $20,426  
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).
)
$44,946 - $121,398  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 415
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$25$50$75
Hourly Rate
$14.00 - $34.77  
   
Overtime
$25.55  
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$50K$100K$150K
Bonus
$1,963 - $20,238  
   
Commission
$1,521 - $20,426  
Profit Sharing
$983 - $8,000  
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).
)
$44,946 - $121,398  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 14

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Job Description for Loan Officer, Commercial

A commercial loan officer works with current business clients and individuals looking to start small businesses. Much of the loan officer's duties entail maintaining and administering these loan accounts for the bank, following standard procedures and protocols.

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Loan Officer, Commercial Tasks

  • Develop, maintain, and grow the commercial loan portfolio of private loan companies, government agencies, and non-profit organizations.
  • Solicit new business by developing marketing strategies.
  • Oversee handling of advances, payments, and wire transfers.
  • Negotiate credit terms, and prepare credit analysis and repayment plan for approvals.
  • Interview, consult, accept, analyze credit of, and perform credit reviews of potential borrowers.

Common Career Paths for Loan Officer, Commercial


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Loan Officer, Commercial Job Listings

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Popular Skills for Loan Officer, Commercial

Pay by Experience Level for Loan Officer, Commercial

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

Pay Difference by Location

National Average: $72,702

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Loan Officer, Commercial

Gender

Female
18 %
Male
82 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 67 votes.
Less than 1 year
3%
1-4 years
31%
5-9 years
27%
10-19 years
27%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Officer, Commercial Salaries

▲55%

▲24%

▲6%

National Average
$73,000

▼20%

Skills That Affect Loan Officer, Commercial Salaries

▲12%




National Average
$73,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 67 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
3%
1-4 years
31%
5-9 years
27%
10-19 years
27%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 81%
vision benefits
Vision: 63%
dental benefits
None: 7%
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