Average Loan Officer, Commercial with Portfolio Management Skills Salary

$73,565
Avg. SalaryShow Hourly Rate
$6,055
Bonus
$5,087
Commission
$2,453
Profit Sharing
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The average salary for a Loan Officer, Commercial with Portfolio Management skills is $73,565.
10%
$48k
10%
$74k
50%
$119k
90%
90%
MEDIAN $73,565
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United States (change)
Salary
$48k - $119k
Bonus
$2k - $20k
Profit Sharing
$1k - $6k
Commission
$3k - $21k
Total Pay
$49k - $131k

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

The top respondents for the job title Loan Officer, Commercial are from the companies Foothill Federal Credit Union, Bank of America Corp. (BOFA) and Farm Credit. Reported salaries are highest at Foothill Federal Credit Union where the average pay is $82,424. Farm Credit pays the lowest at around $60,009.

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 Sales and Commercial Loans are correlated to pay that is above average. Skills that pay less than market rate include Business Analysis, 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 $60,488 based on 98 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $73,032 based on 110 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $91,280 based on 114 salaries. In their late career (20 years and higher), employees earn an average total compensation of $109,843.
Employees with Loan Officer, Commercial in their job title in Wichita, Kansas earn an average of 22.3% more than the national average. These job titles also find higher than average salaries in Arcadia, California (12.0% more) and Boston, Massachusetts (10.6% more). The lowest salaries can be found in Chicago, Illinois (5.9% less), Los Angeles, California (2.3% less) and Henderson, Kentucky (2.1% less).

Years of Experience

This data is based on 367 survey responses.
Early Career
26.7%
Mid Career
30.0%
Experienced
31.1%
Late Career
12.3%