Average Loan Officer, Commercial with Commercial Loans Skills Salary

$75,895
Avg. SalaryShow Hourly Rate
$8,090
Bonus
$11,250
Commission
$2,000
Profit Sharing
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The average salary for a Loan Officer, Commercial with Commercial Loans skills is $75,895.
10%
$49k
10%
$76k
50%
$120k
90%
90%
MEDIAN $75,895
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United States (change)
Salary
$49k - $120k
Bonus
$2k - $26k
Profit Sharing
$0 - $39k
Commission
$2k - $25k
Total Pay
$50k - $140k

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 that pay less than market rate include Business Analysis, Sales, Portfolio Management, Loan Underwriting 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 $45,000 based on 8 salaries. An early career Loan Officer, Commercial with 1-4 years of experience earns an average total compensation of $59,951 based on 64 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $73,298 based on 56 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $92,507 based on 74 salaries. In their late career (20 years and higher), employees earn an average total compensation of $107,802.
Employees with Loan Officer, Commercial in their job title in Minneapolis, Minnesota earn an average of 25.2% more than the national average. These job titles also find higher than average salaries in Phoenix, Arizona (12.0% more). The lowest salaries can be found in Newport News, Virginia (34.8% less), Columbus, Ohio (34.5% less) and Oklahoma City, Oklahoma (6.0% less).

Years of Experience

This data is based on 233 survey responses.
Entry Level
3.4%
Early Career
27.5%
Mid Career
24.0%
Experienced
31.8%
Late Career
13.3%