$52,877
Avg. Salary
$19.21
Avg. Hourly Rate

Average additional compensation:

$2,043

Bonus

$1,956

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Loan Assistant, Commercial with Loan Processing skills is $19.21 per hour.

The average pay for a Loan Assistant, Commercial with Loan Processing skills is $52,877 per year.

10%
$13.92
10%
$19.21
50%
$27.19
90%
90%
MEDIAN $19.21
10%
$31k
10%
$53k
50%
$68k
90%
90%
MEDIAN $52,877
$30,639 - $67,697
$31K
$53K
$68K
MEDIAN: $52,877
10%
50%
90%

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$13.92 - $27.19
$14
$19
$27
MEDIAN: $19.21
10%
50%
90%

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$0$67K
Salary $30,639 - $67,697
Bonus $750 - $5,450
Profit Sharing $1,956
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).
)
$30,300 - $63,127
  • Country: United States
  • Currency: USD
  • Updated: 22 Mar 2019
  • Individuals Reporting: 41
Hourly Data $0$43
Hourly Rate $13.92 - $27.19
Overtime $31.00
Annual Data $0$63K
Bonus $750 - $5,450
Profit Sharing $1,956
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).
)
$30,300 - $63,127
  • Country: United States
  • Currency: USD
  • Updated: 22 Mar 2019
  • Individuals Reporting: 58

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 $37,000 based on 20 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 $50,000 based on 15 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 $47,000 based on 18 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 $58,000 based on 6 salaries.

Key Stats for Loan Assistant, Commercial

Gender

Female
94 %
Male
6 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.
1-4 years
26%
5-9 years
22%
10-19 years
37%
20 years or more
14%

Experience Affects Loan Assistant, Commercial Salaries

Late-Career
▲24%

Mid-Career
▲7%

Experienced
▲1%

National Average
$47,000

Entry-Level
▼20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.

Gender

Female
94 %
Male
6 %

Years of Experience

1-4 years
26%
5-9 years
22%
10-19 years
37%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 69%
vision benefits
Vision: 52%
no benefits
None: 22%