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Loan Officer, Commercial Salary

A Loan Officer, Commercial earns an average salary of $67,249 per year. Experience has a moderate effect on pay for this job.

$44,109 - $100,709
(Median)
$44K
$67K
$100K
MEDIAN: $67,248
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
$44,109 - $100,709  
   
Bonus
$480.47 - $15,175  
Profit Sharing
$815 - $8,912  
Commission
$0.00 - $25,038  
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).
)
$45,091 - $111,978  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 678
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
$480.47 - $15,175  
   
Commission
$0.00 - $25,038  
Profit Sharing
$815 - $8,912  
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).
)
$45,091 - $111,978  
Country: United States | Currency: USD | Updated: 2 May 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

 
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United States (change)

Experience Affects Loan Officer, Commercial Salaries




National Average
$71,000


Skills That Affect Loan Officer, Commercial Salaries


up arrow 9%

Loan Underwriting
up arrow 2%

Financial Analysis
up arrow 1%

National Average
$71,000

Business Analysis
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 161 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
2%
1-4 years
22%
5-9 years
36%
10-19 years
26%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 79%
vision benefits Vision: 57% employee benefits None: 6%
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