Average Late-Career Loan Officer, Commercial Salary

$99,610
Avg. SalaryShow Hourly Rate
$12,220
Bonus
$14,740
Commission
$4,943
Profit Sharing
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The average salary for a Late-Career Loan Officer, Commercial is $99,610.
10%
$61k
10%
$100k
50%
$131k
90%
90%
MEDIAN $99,610
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United States (change)
Salary
$61k - $131k
Bonus
$2k - $34k
Profit Sharing
$2k - $20k
Commission
$5k - $30k
Total Pay
$69k - $155k

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.

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 Financial Analysis, Loan Underwriting, Portfolio Management, Sales and Commercial Loans are correlated to pay that is above average.

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 $48,485 based on 19 salaries. An early career Loan Officer, Commercial with 1-4 years of experience earns an average total compensation of $58,874 based on 240 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $73,011 based on 224 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $89,078 based on 245 salaries.

Years of Experience

This data is based on 728 survey responses.
Entry Level
2.6%
Early Career
33.0%
Mid Career
30.8%
Experienced
33.7%