Loan Officer, Commercial Salary

The average salary for a Loan Officer, Commercial is $69,120 per year. Experience strongly influences pay for this job. A skill in Sales is associated with high pay for this job.

$44,360 - $111,984
$44K
$69K
$110K
MEDIAN: $69,120
10%
50%
90%

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$14.54 - $30.43
$15
$22
$30
MEDIAN: $22.15
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
$44,360 - $111,984  
   
Bonus
$1,939 - $20,511  
Profit Sharing
$979 - $8,170  
Commission
$1,521 - $25,168  
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).
)
$44,659 - $122,311  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 400
© 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$25$50$75
Hourly Rate
$14.54 - $30.43  
   
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
$1,939 - $20,511  
   
Commission
$1,521 - $25,168  
Profit Sharing
$979 - $8,170  
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).
)
$44,659 - $122,311  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 15
© PayScale, Inc. @ www.payscale.com

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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: $72,642

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 69 votes.
Less than 1 year
3%
1-4 years
30%
5-9 years
28%
10-19 years
26%
20 years or more
14%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Officer, Commercial Salaries

▲58%

▲26%

▲4%

National Average
$73,000

▼21%

Skills That Affect Loan Officer, Commercial Salaries

▲12%



National Average
$73,000



Commercial Loans
▼28%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 69 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
3%
1-4 years
30%
5-9 years
28%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 80%
vision benefits
Vision: 63%
dental benefits
None: 7%
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