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.

$44,866 - $110,949
$45K
$71K
$110K
MEDIAN: $71,485
10%
50%
90%

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$18.05 - $29.73
$18
$22
$30
MEDIAN: $21.68
10%
50%
90%

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$0$121K
Salary $44,866 - $110,949
Bonus $1,942 - $20,288
Profit Sharing $250.00 - $9,000
Commission $2,500 - $50,000
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).
)
$45,041 - $121,213
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 424
Hourly Data $0$34
Hourly Rate $18.05 - $29.73
Overtime $26.45
Annual Data $0$121K
Bonus $1,942 - $20,288
Commission $2,500 - $50,000
Profit Sharing $250.00 - $9,000
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).
)
$45,041 - $121,213
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 18

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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

Popular Skills for Loan Officer, Commercial

Pay by Experience Level for Loan Officer, Commercial

Pay by Experience for a Loan Officer, Commercial has a positive trend. An entry-level Loan Officer, Commercial with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 178 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Officer, Commercial with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $76,000 based on 151 salaries. An experienced Loan Officer, Commercial which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 126 salaries. A Loan Officer, Commercial with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $115,000 based on 57 salaries.

Pay Difference by Location

National Average: $75,677

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

Loan Officer, Commercial Reviews

Q: What is it like working as a Loan Officer, Commercial?

Loan Officer, Commercial in Bartlesville:
"Great."
Pros: Autonomy.
Cons: Travel.

Related Job Salaries

Key Stats for Loan Officer, Commercial

Gender

Female
21 %
Male
79 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 77 votes.
Less than 1 year
2%
1-4 years
28%
5-9 years
28%
10-19 years
27%
20 years or more
16%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Officer, Commercial Salaries

▲52%

▲21%

▼0%

National Average
$76,000

▼24%

Skills That Affect Loan Officer, Commercial Salaries

▲7%

National Average
$76,000





Commercial Loans
▼30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 77 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
28%
10-19 years
27%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 80%
vision benefits
Vision: 65%
no benefits
None: 8%
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