Average Commercial Loan Processor with Commercial Loans Skills Hourly Pay

$18.84
Avg. Hourly RateShow Salary
$1,995
Bonus
$19,500
Commission
$1,685
Profit Sharing
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The average hourly pay for a Commercial Loan Processor with Commercial Loans skills is $18.84.
10%
$13.20
10%
$18.84
50%
$28.10
90%
90%
MEDIAN $18.84
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United States (change)
Hourly Rate
$13 - $28
Bonus
$587 - $5,020
Profit Sharing
$1,164 - $2,056
Commission
$0 - $19,500
Total Pay
$30,745 - $64,674

Your Market Worth Over Time

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Job Description for Commercial Loan Processor

Commercial Loan Processor Tasks
  • Authorize funding upon verification of all documentation.
  • Order credit reports, appraisals, title insurance, and all other certifications as necessary.
  • Answer questions regarding closing requirements.
  • Maintain communication with brokers partners and closing/settlement agents with loan status.

Career Paths

Explore the most common career paths for Commercial Loan Processor. Thickness and color of lines indicates how common a path is.
Commercial Loan Processor
Loan Closer
Documentation Specialist
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Commercial Loan Processor Job Listings

Popular Skills for Commercial Loan Processor

Skills in Loan Processing, Loan Documents, Oral / Verbal Communication, Microsoft Office and Data Processing are correlated to pay that is above average.

Pay by Experience Level for Commercial Loan Processor

An early career Commercial Loan Processor with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $16.46 based on 92 salaries. A mid-career Commercial Loan Processor with 5-9 years of experience earns an average total compensation of $18.65 based on 60 salaries. An experienced Commercial Loan Processor with 10-19 years of experience earns an average total compensation of $20.37 based on 88 salaries. In their late career (20 years and higher), employees earn an average total compensation of $26.

Pay Difference by Location

Learn more about cost of living by city.
Employees with Commercial Loan Processor in their job title in San Diego, California earn an average of 48.6% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (45.2% more) and Chicago, Illinois (10.9% more). The lowest salaries can be found in Indianapolis, Indiana (11.1% less).

Years of Experience

This data is based on 280 survey responses.
Early Career
32.9%
Mid Career
21.4%
Experienced
31.4%
Late Career
14.3%