Commercial Lender Job Description
Loan Officers Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Commercial Lender Salary Statistics as of 2015
Average annual salary for a Commercial Lender is $77418 based on statistics in the U.S. as of 2015. The highest salary recorded was $123422. The lowest salary reported was $42718. These figures will vary on a state to state basis as these are averages across all 50 states.
Median hourly wage for a Commercial Lender is $38.5 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $61.37. The lowest hourly rate recorded was $21.24. These figures will vary on a state to state basis as these are averages across all 50 states.
Bonuses for a Commercial Lender are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $12000 from people with 15+ years of experience. The average bonus recorded was $1024 from people with under 1 year of experience.
These are the highest paying states for a Commercial Lender. These numbers are based off the median annual salary as of 2015.
Georgia – $30,304 – $91,231
Illinois – $47,132 – $146,902
Louisiana – $40,722 – $93,282
Michigan – $48,380 – $98,823
New York – $33,935 – $124,583
Pennsylvania – $39,745 – $112,088
Texas – $45,000 – $123,969
These are the highest paying cities for a Commercial Lender. These numbers are based off the median annual salary as of 2015.
Houston, Texas –
Chicago, Illinois –
Philadelphia, Pennsylvania –
Dallas, Texas –
New Orleans, Louisiana –
Denver, Colorado –
Atlanta, Georgia –
This chart outlines the average annual salary of a Commercial Lender from the past 5 years. In 2015 the average annual salary was $77418 while in 2007 it was just $71796.1
