Loan Assistant, Commercial Salary

A Loan Assistant, Commercial earns an average wage of $19.17 per hour. Most people with this job move on to other positions after 20 years in this field.

$30,325 - $58,486
$30K
$45K
$58K
MEDIAN: $45,134
10%
50%
90%

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$15.08 - $26.68
$15
$19
$27
MEDIAN: $18.97
10%
50%
90%

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$0$58K
Salary $30,325 - $58,486
Bonus $750 - $5,351
Profit Sharing $2,000
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).
)
$31,207 - $57,663
  • Country: United States
  • Currency: USD
  • Updated: 16 Oct 2017
  • Individuals Reporting: 34
Hourly Data $0$44
Hourly Rate $15.08 - $26.68
Overtime $-0.50 - $44.97
Annual Data $0$57K
Bonus $750 - $5,351
Profit Sharing $2,000
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).
)
$31,207 - $57,663
  • Country: United States
  • Currency: USD
  • Updated: 16 Oct 2017
  • Individuals Reporting: 68

Job Description for Loan Assistant, Commercial

Commercial loan assistants work under the guidance of loan officers and organize commercial loan application portfolios. They are typically present from loan origination to closing to gather all necessary forms and documents and follow up with clients to obtain further documentation, and they may verify, authenticate, and process these loan documents. They may also work to obtain exceptions when appropriate from both inside and outside parties.

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Loan Assistant, Commercial Tasks

  • Document client interactions and accurately capture data using company loan processing systems.
  • Ensure compliance with all federal and local rules, laws, and regulations.
  • Ensure loan guidelines are followed and loans are underwritten properly in accordance with all company procedures.
  • Educate clients and assist them through the loan process.

Common Career Paths for Loan Assistant, Commercial


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Loan Assistant, Commercial Job Listings

Popular Skills for Loan Assistant, Commercial

Pay by Experience Level for Loan Assistant, Commercial

Pay by Experience for a Loan Assistant, Commercial has a positive trend. An entry-level Loan Assistant, Commercial with less than 5 years of experience can expect to earn an average total compensation of $37,000 based on 47 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Assistant, Commercial with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $44,000 based on 32 salaries. An experienced Loan Assistant, Commercial which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $48,000 based on 46 salaries. A Loan Assistant, Commercial with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $49,000 based on 11 salaries.

Related Job Salaries

Key Stats for Loan Assistant, Commercial

Gender

Female
89 %
Male
11 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.
Less than 1 year
4%
1-4 years
33%
5-9 years
23%
10-19 years
32%
20 years or more
8%

Experience Affects Loan Assistant, Commercial Salaries

▲14%

▲13%

▲4%

National Average
$43,000

▼13%

Skills That Affect Loan Assistant, Commercial Salaries




National Average
$43,000

Customer Service
▼16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
4%
1-4 years
33%
5-9 years
23%
10-19 years
32%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 73%
vision benefits
Vision: 59%
no benefits
None: 17%