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Loan Officer, Commercial Salary (United States)

The average salary for a Loan Officer, Commercial is $64,732 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 Portfolio Management and Sales.
Loan Officer, Commercial Salary (?
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.
)
$42,162 - $98,842
(Median)
42K
51K
65K
83K
99K
MEDIAN: $64,731
10%
25%
50%
75%
90%
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Loan Officer, Commercial Salary (?
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.
)
$13.66 - $29.53
(Median)
14
21
27
30
MEDIAN: $20
10%
50%
75%
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
$42,162 - $98,842  
   
Bonus
$514 - $15,176  
Profit Sharing
$815 - $9,034  
Commission
$0.00 - $25,102  
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).
)
$43,234 - $109,579  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 735
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
$13.66 - $29.53  
   
Overtime
$20.78 - $33.82  
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
$514 - $15,176  
   
Commission
$0.00 - $25,102  
Profit Sharing
$815 - $9,034  
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).
)
$43,234 - $109,579  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | 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.
Read More...
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

Seattle
up arrow 41%
Salt Lake City
up arrow 7%
Chicago
up arrow 6%
National Average
$69,000
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

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Experience Affects Loan Officer, Commercial Salaries

National Average
$69,000

Skills That Affect Loan Officer, Commercial Salaries

up arrow 13%
Financial Analysis
up arrow 4%
Loan Underwriting
up arrow 4%
National Average
$69,000
Business Analysis
up arrow 1%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 201 votes.

Gender

Female
18%
female alumni
 
Male
82%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
23%
5-9 years
38%
10-19 years
24%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 78%
vision benefits Vision: 55% employee benefits None: 7%