Loan Officer, Commercial Salary

The average salary for a Loan Officer, Commercial is $67,290 per year. Experience has a moderate effect on pay for this job. Skills that are associated with high pay for this job are Sales and Portfolio Management.

$45,203 - $102,856
(Median)
$45K
$67K
$100K
MEDIAN: $67,289
10%
50%
90%

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$10.63 - $29.41
(Median)
$11
$21
$29
MEDIAN: $20
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
$45,203 - $102,856  
   
Bonus
$490.68 - $16,107  
Profit Sharing
$773 - $8,808  
Commission
$0.00 - $25,403  
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).
)
$46,156 - $116,147  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 671
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
$10.63 - $29.41  
   
Overtime
$29.48  
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
$490.68 - $16,107  
   
Commission
$0.00 - $25,403  
Profit Sharing
$773 - $8,808  
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).
)
$46,156 - $116,147  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | 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

  • 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.

Pay Difference by Location

National Average: $71,137

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

Related Job Salaries

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Experience Affects Loan Officer, Commercial Salaries




National Average
$71,000


Skills That Affect Loan Officer, Commercial Salaries

up arrow 11%


Loan Underwriting
up arrow 3%

Financial Analysis
up arrow 1%

National Average
$71,000

Business Analysis
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 126 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
35%
10-19 years
25%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 80%
medical benefits
Vision: 59%
dental benefits
None: 5%
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