Loan Officer, Commercial

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October 30, 2016

Jobs

Loan Officer, Commercial 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.

Loan Officer, Commercial Salary Statistics as of 2015

Average annual salary for a Loan Officer, Commercial is $67075 based on statistics in the U.S. as of 2015. The highest salary recorded was $106398. The lowest salary reported was $40845. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Loan Officer, Commercial is $33.35 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $52.91. The lowest hourly rate recorded was $20.31. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Loan Officer, Commercial are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $5152 from people with 15+ years of experience. The average bonus recorded was $750 from people with under 1 year of experience.

These are the highest paying states for a Loan Officer, Commercial. These numbers are based of the median annual salary as of 2015.
California – $53,000 – $119,282
Illinois – $48,665 – $90,642
Minnesota – $38,974 – $77,419
Missouri – $39,149 – $115,456
New York – $38,836 – $102,129
Texas – $45,122 – $118,541
Washington – $50,000 – $104,762

These are the highest paying cities for a Loan Officer, Commercial. These numbers are based of the median annual salary as of 2015.
Houston, Texas –
Seattle, Washington –
Los Angeles, California –
New York, New York –
Kansas City, Missouri –
Dallas, Texas –
Denver, Colorado –

This chart outlines the average annual salary of a Loan Officer, Commercial from the past 5 years. In 2015 the average annual salary was $67075 while in 2007 it was just $62204.18

Job Outlook

Gender Statistics

Related Jobs

82%

18%

Based on our stats gathered across the U.S. 82% of Loan Officer, Commercials were males while 18% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Credit Analyst, Banking
$29,827 – $65,138
Loan Officer
$25,744 – $102,705
Branch Manager, Banking
$34,297 – $72,187

Future Jobs

Commercial Lender
$42,904 – $125,268
Portfolio Manager
$46,765 – $185,508
Chief Financial Officer (CFO)
$61,627 – $234,153


Loan Officer, Commercial Jobs

 

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