The average salary for a Commercial Lender with Commercial Loans skills is $83,757.
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$51k - $127k
$2k - $20k
$1k - $12k
$1k - $39k
$51k - $139k
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Job Description for Commercial Lender
A commercial lender works at a banking institution and creates sales and growth for the company by granting loans to large commercial entities. The lender will offer products and services to various companies. The lender may work with current clients, follow leads, and carry out research in order to obtain new clients. The lender will meet with clients, present products, explain the loan process, and obtain the documentation necessary. The lender will also make determinations in order to decide …Read more
Commercial Lender 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.
Commercial Lender Job Listings
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Popular Skills for Commercial Lender
Skills in Business Development and Sales are correlated to pay that is above average. Skills that pay less than market rate include Business Analysis, Loan Underwriting and Financial Analysis.
Pay by Experience Level for Commercial Lender
An early career Commercial Lender with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $62,083 based on 98 salaries. A mid-career Commercial Lender with 5-9 years of experience earns an average total compensation of $80,179 based on 97 salaries. An experienced Commercial Lender with 10-19 years of experience earns an average total compensation of $99,634 based on 112 salaries. In their late career (20 years and higher), employees earn an average total compensation of $104,315.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Commercial Lender in their job title in Houston, Texas earn an average of 30.1% more than the national average. These job titles also find higher than average salaries in Omaha, Nebraska (28.9% more) and Wausau, Wisconsin (9.9% more). The lowest salaries can be found in Springfield, Missouri (38.8% less) and Indianapolis, Indiana (15.3% less).
Years of Experience
This data is based on 383 survey responses.
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