Avg. Base Hourly Rate (USD)
The average hourly pay for a Loan Assistant, Commercial is $18.60
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 …Read more
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 …Read more
- 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.