Average Experienced Loan Officer, Commercial Salary

$89,078
Avg. SalaryShow Hourly Rate
$10,155
Bonus
$10,079
Commission
$3,750
Profit Sharing
What am I worth?
Get pay report
How should I pay?
Price a job
The average salary for an Experienced Loan Officer, Commercial is $89,078.
10%
$60k
10%
$89k
50%
$126k
90%
90%
MEDIAN $89,078
Is Loan Officer, Commercial your job title? Get a personalized salary report!
How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
United States (change)
Salary
$60k - $126k
Bonus
$3k - $30k
Profit Sharing
$1k - $10k
Commission
$2k - $64k
Total Pay
$62k - $141k

Your Market Worth Over Time

How has your pay changed over time for your market? Find out by taking our salary quiz.

Job Description for Loan Officer, Commercial

Loan Officer, Commercial Tasks
  • Develop, maintain, and grow the commercial loan portfolio of private loan companies, government agencies, and non-profit organizations.
  • Solicit new business by developing marketing strategies.
  • Oversee handling of advances, payments, and wire transfers.
  • Negotiate credit terms, and prepare credit analysis and repayment plan for approvals.
  • Interview, consult, accept, analyze credit of, and perform credit reviews of potential borrowers.

Popular Employer Salaries for Loan Officer, Commercial

Career Paths

Explore the most common career paths for Loan Officer, Commercial. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Loan Officer, Commercial
Vice President (VP), Commercial Lending
Commercial Lender
Loan Officer
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loan Officer, Commercial Job Listings

Popular Skills for Loan Officer, Commercial

Skills in Financial Analysis, Portfolio Management, Sales and Commercial Loans are correlated to pay that is above average. Skills that pay less than market rate include Loan Underwriting.

Pay by Experience Level for Loan Officer, Commercial

An entry-level Loan Officer, Commercial with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $48,485 based on 19 salaries. An early career Loan Officer, Commercial with 1-4 years of experience earns an average total compensation of $58,874 based on 240 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $73,011 based on 224 salaries. In their late career (20 years and higher), employees earn an average total compensation of $99,610.

Pay Difference by Location

Learn more about cost of living by city.
Employees with Loan Officer, Commercial in their job title in Denver, Colorado earn an average of 12.3% more than the national average. These job titles also find higher than average salaries in St. Louis, Missouri (1.0% more). The lowest salaries can be found in Arcadia, California (7.5% less).

Years of Experience

This data is based on 616 survey responses.
Entry Level
3.1%
Early Career
39.0%
Mid Career
36.4%
Late Career
21.6%