Average Loan Officer, Commercial Salary in Boston, Massachusetts

$80,901
Avg. Salary
$5,000
Bonus
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The average salary for a Loan Officer, Commercial in Boston, Massachusetts is $80,901.
10%
$70k
10%
$81k
50%
$93k
90%
90%
MEDIAN $80,901
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United States (change)
Salary
$70k - $93k
Bonus
$3k - $13k
Total Pay
$71k - $108k

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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.

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
Commercial Lender
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, Loan Underwriting, Portfolio Management and Business Analysis are correlated to pay that is above average.
Employees with Loan Officer, Commercial in their job title in Dallas, Texas earn an average of 11.2% more than the national average. These job titles also find higher than average salaries in Nashville, Tennessee (8.3% more). The lowest salaries can be found in Columbus, Ohio (38.3% less), Los Angeles, California (19.7% less) and Chicago, Illinois (15.4% less).

Years of Experience

This data is based on 8 survey responses.
Mid Career
100.0%