Commercial Loan Officer Salary

Based on recent job postings on ziprecruiter the commercial loan officer job market in both and the surrounding area is very active.

Commercial loan officer salary. Salary estimates are based on 355 salaries submitted anonymously to glassdoor by commercial loan officer employees. Because companies have such complex financial situations and statements commercial loans usually require human judgment in addition to the analysis by underwriting software. The total cash compensation which includes base and annual incentives can vary anywhere from 59 885 to 82 232 with the average total cash compensation of 70 517.

Keep in mind that salary ranges can vary widely depending on many important factors including position education certifications additional skills and the number of years you have spent in your profession. Commercial loans frequently are larger and more complicated than other types of loans. The best paid 25 percent made 92 240 that year while the lowest paid 25 percent made 44 500.

The average commercial loan officer salary in the united states is 224 350 as of september 25 2020. Commercial loan officers specialize in loans to businesses which often use the loans to buy supplies and upgrade or expand operations. 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 45 947 based on 21 salaries.

People working as a commercial loan officer in your area are making on average 94 394 per year or the same as the national average annual salary of 94 394. Filter by location to see commercial loan officer salaries in your area. Loan officers made a median salary of 63 040 in 2018.

Apply to loan officer forensic scientist junior loan officer and more. How much does a loan officer make. The base salary for commercial loan officer i ranges from 57 684 to 74 982 with the average base salary of 66 160.

The range for our most popular commercial loan officer positions listed below typically falls between 56 225 and 392 475. The national average salary for a commercial loan officer is 64 140 in united states. 3 615 open jobs for commercial loan officer.