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Banking & Commercial Loan Processing Clerk Salary
in Chicago, Illinois

$45,881 (USD)

Average Salary


Average Hourly


Average Bonus

Last updated: May 22, 2019

Salary Recap

The average pay for a Banking & Commercial Loan Processing Clerk is $45,881 a year and $22 an hour in Chicago, Illinois, United States. The average salary range for a Banking & Commercial Loan Processing Clerk is between $34,166 and $55,637. On average, a Master's Degree is the highest level of education for a Banking & Commercial Loan Processing Clerk. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chicago, Illinois.

Average Salary Chart

Scroll for Salary Potential, Education and Skills

Job Summary

  • Performs clerical and administrative support activities related to obtaining loans for borrowers.
  • Prepares papers and assembles documents to obtain loans for borrowers.
  • Forwards applications for loans, construction plans, credit ratings, and other related documents to loan company for approval.
  • Draws up closing papers.
  • Records deeds with title company and municipal authorities.
Banking & Commercial Loan Processing Clerk Job Prevalence in Chicago, Illinois, United States

Job family: Loan Interviewers and Clerks

Job family population: 227,430

Estimated population of Banking & Commercial Loan Processing Clerk jobs: 53,330

Rate of error: 1.6%

Salary Potential

Estimated salary in 2024:
5 Year Change:
16 %



About Chicago, Illinois

Chicago Cost of Living Score:

Description: Chicago ( (listen), locally also ), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States. Located on the shores of freshwater Lake Michigan, Chicago was incorporated...

Banking & Commercial Loan Processing Clerk Job Listings for Chicago, Illinois

Mortgage Loan Processor
May 8
Finance of America Commercial
The Client Relations Specialist is responsible for ensuring loans are processed and funded in a timely and efficient manner using various systems and tracking tools. The Client Relations Specialist ...
Loan Processor
Mar 20
Chicago, IL, USA
Veterans Sourcing Group
... commercial loan products. * Identifying inaccurate, incomplete or missing information on the ... Understanding and following Bank policy and established procedures * Meeting or exceeding ...
Commercial Portfolio Banker [Part-Time] | Commercial Real Estate Lending | Chicago Market
May 3
Chicago, IL, USA
... banking including good credit skills; good customer service, sales and negotiation skills; and ... Manages an existing portfolio and develops a new commercial loan customer base. Develops new ...
Senior Claims Process Clerk
May 8
Hoffman Estates, IL, USA
Sears Home Services
The Senior Process/Recovery Claims Clerk is responsible for OEM Warranty, Service Contract, Home ... This business delivers a broad range of retail-related residential and commercial services across ...
Commercial Bank - Credit Support Specialist II - WLS (Fort Worth, TX / Dallas, TX / Plano, TX / C...
Apr 19
Chicago, IL, USA
JP Morgan Chase
... banking, financial transaction processing, and asset management. A component of the Dow Jones ... Minimum of 4 years professional experience in loan/product operations or a credit/lending ...
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