Average Loan Officer, Commercial with Loan Underwriting Skills Salary in Chicago, Illinois

$66,967
Avg. Salary
$0
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The average salary for a Loan Officer, Commercial with Loan Underwriting skills in Chicago, Illinois is $66,967.
25%
$61k
25%
$67k
50%
$70k
75%
75%
MEDIAN $66,967
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United States (change)
Salary
$61k - $70k
Total Pay
$66k - $73k

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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
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

Employees with Loan Officer, Commercial in their job title in Dallas, Texas earn an average of 34.4% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (26.3% more) and Springfield, Missouri (12.3% more). The lowest salaries can be found in Columbus, Ohio (24.9% less) and Los Angeles, California (6.7% less).

Years of Experience

This data is based on 7 survey responses.
Early Career
100.0%