Average Loan Officer, Commercial with Loan Underwriting Skills Salary

$72,379
Avg. SalaryShow Hourly Rate
$6,077
Bonus
$5,161
Commission
$2,453
Profit Sharing
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The average salary for a Loan Officer, Commercial with Loan Underwriting skills is $72,379.
10%
$49k
10%
$72k
50%
$114k
90%
90%
MEDIAN $72,379
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United States (change)
Salary
$49k - $114k
Bonus
$2k - $20k
Profit Sharing
$482 - $6k
Commission
$3k - $21k
Total Pay
$49k - $124k

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.

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

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 $52,457 based on 7 salaries. An early career Loan Officer, Commercial with 1-4 years of experience earns an average total compensation of $62,236 based on 121 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $74,856 based on 103 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $87,529 based on 105 salaries. In their late career (20 years and higher), employees earn an average total compensation of $99,861.
Employees with Loan Officer, Commercial in their job title in Dallas, Texas earn an average of 24.3% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (16.8% more) and Springfield, Missouri (3.9% more). The lowest salaries can be found in Columbus, Ohio (30.5% less), Los Angeles, California (13.6% less) and Houston, Texas (0.5% less).

Years of Experience

This data is based on 391 survey responses.
Entry Level
1.8%
Early Career
30.9%
Mid Career
26.3%
Experienced
26.9%
Late Career
14.1%