Loan Officer, Commercial Salary

The average salary for a Loan Officer, Commercial is $66,524 per year. People in this job generally don't have more than 20 years' experience. Experience has a moderate effect on income for this job. The skills that increase pay for this job the most are Sales and Portfolio Management.

$43,770 - $100,380
(Median)
$44K
$67K
$100K
MEDIAN: $66,523
10%
50%
90%

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$8.24 - $29.53
(Median)
$8
$21
$30
MEDIAN: $20
10%
50%
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$50K$100K$150K
Salary
$43,770 - $100,380  
   
Bonus
$486.45 - $15,181  
Profit Sharing
$811 - $8,937  
Commission
$0.00 - $25,378  
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).
)
$44,730 - $111,575  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 690
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$25$50$75
Hourly Rate
$8.24 - $29.53  
   
Overtime
$19.89 - $33.75  
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$50K$100K$150K
Bonus
$486.45 - $15,181  
   
Commission
$0.00 - $25,378  
Profit Sharing
$811 - $8,937  
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).
)
$44,730 - $111,575  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 13

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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

  • 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.
  • Oversee handling of advances, payments, and wire transfers.
  • 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.

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.

Related Job Salaries

United States (change)

Experience Affects Loan Officer, Commercial Salaries




National Average
$71,000


Skills That Affect Loan Officer, Commercial Salaries

up arrow 11%


Financial Analysis
up arrow 2%

Loan Underwriting
up arrow 2%

National Average
$71,000

Business Analysis
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 167 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
2%
1-4 years
23%
5-9 years
36%
10-19 years
25%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 79%
vision benefits Vision: 56% employee benefits None: 6%