Average Loan Officer, Commercial Salary at Bank of America Corp. (BOFA)

$79,248
Avg. Salary
$9,759
Bonus
What am I worth?
Get pay report
How should I pay?
Price a job
The average salary for a Loan Officer, Commercial at Bank of America Corp. (BOFA) is $79,248.
25%
$76k
MEDIAN
$79k
75%
$103k
Is Loan Officer, Commercial your job title? Find out what you should be paid

Use our tool to get a personalized report on your market worth.

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
$76k - $103k
Bonus
$5k - $10k
Total Pay
$82k - $103k

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

The top respondents for the job title Loan Officer, Commercial are from the companies Foothill Federal Credit Union, Park National Bank and Bank of The Ozarks. Reported salaries are highest at Foothill Federal Credit Union where the average pay is $82,424. Other companies that offer high salaries for this role include Bank of The Ozarks, earning around $75,000. Park National Bank pays the lowest at around $54,055. Farm Credit also pays on the lower end of the scale, paying $60,009.

Loan Officer, Commercial Job Listings

Search for more jobs
Search

Popular Skills for Loan Officer, Commercial

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