$49,982
Avg. Salary
$18.79
Avg. Hourly Rate

Average additional compensation:

$1,987

Bonus

$1,933

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Loan Assistant, Commercial is $18.79 per hour.

The average pay for a Loan Assistant, Commercial is $49,982 per year.

10%
$13.90
10%
$18.79
50%
$26.75
90%
90%
MEDIAN $18.79
10%
$32k
10%
$50k
50%
$63k
90%
90%
MEDIAN $49,982
$31,582 - $62,719
$32K
$50K
$63K
MEDIAN: $49,982
10%
50%
90%

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$13.90 - $26.75
$14
$19
$27
MEDIAN: $18.79
10%
50%
90%

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$0$62K
Salary $31,582 - $62,719
Bonus $499 - $5,372
Profit Sharing $1,933
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).
)
$30,133 - $60,923
  • Country: United States
  • Currency: USD
  • Updated: 16 Mar 2019
  • Individuals Reporting: 82
Hourly Data $0$44
Hourly Rate $13.90 - $26.75
Overtime $21.64 - $44.25
Annual Data $0$60K
Bonus $499 - $5,372
Profit Sharing $1,933
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).
)
$30,133 - $60,923
  • Country: United States
  • Currency: USD
  • Updated: 16 Mar 2019
  • Individuals Reporting: 137

Job Description

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.

Read More...
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


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Job Listings

Popular Skills

Pay by Experience Level

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.

Job Reviews

Q: What is it like working as a Loan Assistant, Commercial?

Loan Assistant, Commercial in Billings:
"Great place to work."
Pros: My hometown
Cons:

Related Job Salaries

Gender

Female
91 %
Male
9 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 53 votes.
Less than 1 year
4%
1-4 years
29%
5-9 years
20%
10-19 years
35%
20 years or more
12%

How Experience Affects Salaries

▲12%

▲11%

▲2%

National Average
$44,000

▼15%

How Skills Affect Salaries




National Average
$44,000

Customer Service
▼17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 53 votes.

Gender

Female
91 %
Male
9 %

Years of Experience

Less than 1 year
4%
1-4 years
29%
5-9 years
20%
10-19 years
35%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 73%
vision benefits
Vision: 62%
no benefits
None: 17%