$50,946
Avg. Salary
$19.79
Avg. Hourly Rate

Average additional compensation:

$1,981

Bonus

$1,952

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Loan Assistant, Commercial with Commercial Loans skills is $19.79 per hour.

The average pay for a Loan Assistant, Commercial with Commercial Loans skills is $50,946 per year.

10%
$14.72
10%
$19.79
50%
$26.71
90%
90%
MEDIAN $19.79
10%
$30k
10%
$51k
50%
$63k
90%
90%
MEDIAN $50,946
$30,214 - $63,326
$30K
$51K
$63K
MEDIAN: $50,946
10%
50%
90%

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$14.72 - $26.71
$15
$20
$27
MEDIAN: $19.79
10%
50%
90%

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$0$63K
Salary $30,214 - $63,326
Bonus $502 - $5,187
Profit Sharing $1,952
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).
)
$30,589 - $61,403
  • Country: United States
  • Currency: USD
  • Updated: 21 Mar 2019
  • Individuals Reporting: 52
Hourly Data $0$44
Hourly Rate $14.72 - $26.71
Overtime $13.43 - $44.49
Annual Data $0$61K
Bonus $502 - $5,187
Profit Sharing $1,952
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).
)
$30,589 - $61,403
  • Country: United States
  • Currency: USD
  • Updated: 21 Mar 2019
  • Individuals Reporting: 96

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.

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.

Loan Assistant, Commercial Job Listings

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 $38,000 based on 26 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 $46,000 based on 19 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 33 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 6 salaries.

Key Stats for Loan Assistant, Commercial

Gender

Female
93 %
Male
7 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.
Less than 1 year
2%
1-4 years
26%
5-9 years
18%
10-19 years
39%
20 years or more
15%

Experience Affects Loan Assistant, Commercial Salaries

Late-Career
▲8%

Experienced
▲7%

Mid-Career
▲3%

National Average
$45,000

Entry-Level
▼15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
93 %
Male
7 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
18%
10-19 years
39%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 72%
vision benefits
Vision: 60%
no benefits
None: 17%