Loan Officer, Commercial Salary (United States)

The average salary for a Loan Officer, Commercial is $63,325 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 Total Pay (?
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.
)
$41,456 - $97,205
(Median)
41K
50K
63K
80K
97K
MEDIAN: $63,324
10%
25%
50%
75%
90%
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Loan Officer, Commercial Total Pay (?
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.
)
$13.21 - $30.04
(Median)
13
21
26
30
MEDIAN: $20
10%
50%
75%
90%
Add this chart to your site

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
$41,456 - $97,205  
   
Bonus
$919 - $15,311  
Profit Sharing
$773 - $9,046  
Commission
$0.00 - $25,574  
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).
)
$42,453 - $105,269  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 877
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
$13.21 - $30.04  
   
Overtime
$1.52 - $42.66  
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
$919 - $15,311  
   
Commission
$0.00 - $25,574  
Profit Sharing
$773 - $9,046  
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).
)
$42,453 - $105,269  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 877
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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.
Read more about: Loan Officers

Common Career Paths for Loan Officer, Commercial

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

Salt Lake City
up arrow 9%
Chicago
up arrow 6%
Houston
up arrow 6%
National Average
$68,000
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Loan Officer, Commercial Salaries

National Average
$68,000

Skills That Affect Loan Officer, Commercial Salaries

up arrow 12%
Financial Analysis
up arrow 4%
Loan Underwriting
up arrow 2%
Business Analysis
up arrow 1%
National Average
$68,000

Job Satisfaction

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Extremely satisfied
Rated 5 out of 5 based on 277 votes.

Gender

Female
17%
female alumni
 
Male
83%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
38%
10-19 years
23%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 77%
vision benefits Vision: 54% employee benefits None: 6%
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