The average hourly pay for a Loan Assistant, Commercial is $18.66.
Loan Assistant, Commercial by
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What Do Loan Assistant, Commercials Do?
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.
Customer service skills are necessary in this posi…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.
Job Satisfaction for Loan Assistant, Commercial
Popular Employer Salaries for Loan Assistant, Commercial
Loan Assistant, Commercial Job Listings
What Are Popular Skills for Loan Assistant, Commercials?
Skills in Commercial Loans, Loan Documents, Loan Processing, Customer Service and Customer Relations are correlated to pay that is above average.
What is the Pay by Experience Level for Loan Assistant, Commercials?
An entry-level Loan Assistant, Commercial with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.38 based on 10 salaries. An early career Loan Assistant, Commercial with 1-4 years of experience earns an average total compensation of $17.76 based on 41 salaries. A mid-career Loan Assistant, Commercial with 5-9 years of experience earns an average total compensation of $20.38 based on 32 salaries. An experienced Loan Assistant, Commercial with 10-19 years of experience earns an average total compensation of $21.34 based on 58 salaries. In their late career (20 years and higher), employees earn an average total compensation of $22.
Pay Difference by Location
Employees with Loan Assistant, Commercial in their job title in Boston, Massachusetts earn an average of 38.6% more than the national average. These job titles also find higher than average salaries in Oklahoma City, Oklahoma (38.4% more) and Austin, Texas (13.4% more).
Years of Experience
This data is based on 165 survey responses.