Average Loan Officer, Commercial with New Business Development Skills Salary

$73,415
Avg. Salary
$8,135
Bonus
$5,087
Commission
$4,000
Profit Sharing
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How should I pay?
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The average salary for a Loan Officer, Commercial with New Business Development skills is $73,415.
10%
$52k
MEDIAN
$73k
90%
$120k
Is Loan Officer, Commercial your job title? Find out what you should be paid

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United States (change)
Salary
$52k - $120k
Bonus
$2k - $23k
Profit Sharing
$2k - $9k
Commission
$2k - $30k
Total Pay
$59k - $139k

Your Market Worth Over Time

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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.

Loan Officer, Commercial Job Listings

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Popular Skills for Loan Officer, Commercial

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

Pay by Experience Level for Loan Officer, Commercial

An early career Loan Officer, Commercial with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $64,137 based on 21 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $70,932 based on 30 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $104,760 based on 20 salaries. In their late career (20 years and higher), employees earn an average total compensation of $112,500.

Years of Experience

This data is based on 82 survey responses.
Early Career
25.6%
Mid Career
36.6%
Experienced
24.4%
Late Career
13.4%