Experienced Loan Assistant, Commercial Salary

Experienced Commercial Loan Assistants pull down an average of $21.02 per hour. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. The majority of workers are highly satisfied with their job. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$38,293 - $60,440
$38K
$51K
$60K
MEDIAN: $50,525
10%
50%
90%

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$15.26 - $27.74
$15
$19
$28
MEDIAN: $18.96
10%
50%
90%

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$0$60K
Salary $38,293 - $60,440
Bonus $500 - $6,000
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).
)
$34,528 - $60,348
  • Country: United States
  • Currency: USD
  • Updated: 11 Jan 2018
  • Individuals Reporting: 44
Hourly Data $0$44
Hourly Rate $15.26 - $27.74
Overtime $0.21 - $44.81
Annual Data $0$60K
Bonus $500 - $6,000
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).
)
$34,528 - $60,348
  • Country: United States
  • Currency: USD
  • Updated: 11 Jan 2018
  • 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.

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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

Key Stats for Loan Assistant, Commercial

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
10-19 years
87%
20 years or more
13%

Skills That Affect Loan Assistant, Commercial Salaries

Loan Documents
▲9%

Commercial Loans
▲5%

Loan Processing
▲3%

National Average
$46,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 72%
vision benefits
Vision: 63%
no benefits
None: 14%