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Commercial Loan Officer Salary

$101,771 (USD)

Average Salary

$49/hr

Average Hourly

$4,610

Average Bonus

Last updated: December 13, 2019

The average pay for a Commercial Loan Officer is $101,771 a year and $49 an hour in the United States. The average salary range for a Commercial Loan Officer is between $71,438 and $126,311. On average, a Bachelor's Degree is the highest level of education for a Commercial Loan Officer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United States.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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Description:
  • Interviews applicants and studies, evaluates, and authorizes or recommends approval of customer applications for secured or unsecured commercial loans and lines of credit.
Commercial Loan Officer Job Prevalence in the United States

Job family: Loan Officers

Job family population: 304,950

Estimated population of Commercial Loan Officer jobs: 29,522

Rate of error: 1.2%

Estimated salary in 2024:
$117,980
5 Year Change:
16 %
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About United States

United States Cost of Living Score:

Description: The United States of America (USA), commonly known as the United States (U.S. or US) or simply America, is a country comprising 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles (9.8 million km2), it is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe. Most of the country is located in central North America between Canada and Mexico. With an estimated population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the...

Commercial Loan Officer Job Listings for United States

Commercial Loan Officer
Nov 26
us
Altus Recruiting
Our client, a well established and highly reputable bank in Seattle is seeking an experienced Commercial Loan Officer to join the growing sales team. Extremely well capitalized, healthy, actively ...
Commercial Loan Officer III
Sep 24
Reno, NV, USA
Heritage Bank Nevada
About the Role SUMMARY Heritage Bank of Nevada is looking for a talented and motivated Commercial Loan Officer III. The CLO acts as the primary contact for commercial clients and high net worth ...
Loan Officer
Dec 1
Los Angeles, CA, USA
American Funding
Mortgage Loan Officers must be CA DRE & NMLS Licensed! If you do not have BOTH licenses, please DO ... We close Commercial loans and Private Money loans too * WE PAY MORE! IF YOU ARE: * CA DRE & NMLS ...
Loan Officer, Retail Center - Warm Leads
Nov 26
Anaheim, CA, USA
Carrington Mortgage Services
You will evaluate and authorize approval of real estate, commercial, and credit loans ... Officer package in the nation: * Base pay and industry leading commission plan * Benefits also ...
Senior Loan Officer
Nov 23
us
Kaua'i Government Employees Federal Credit Union
Senior Loan Officer Effective Date: 11/01/19 FLSA Status: Non-Exempt Reports to: Lending Director ... commercial lending, as needed. 9. Serves as a resource to staff regarding the credit union ...

The average pay for a Commercial Loan Officer is $101,771 a year and $49 an hour in the United States. The average salary range for a Commercial Loan Officer is between $71,438 and $126,311. On average, a Bachelor's Degree is the highest level of education for a Commercial Loan Officer. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United States.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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Salaries By Location

Commercial Loan Officer
Commercial Loan Officer
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Commercial Loan Officer
Nov 26
us
Altus Recruiting
Our client, a well established and highly reputable bank in Seattle is seeking an experienced Commercial Loan Officer to join the growing sales team. Extremely well capitalized, healthy, actively ...
Commercial Loan Officer III
Sep 24
Reno, NV, USA
Heritage Bank Nevada
About the Role SUMMARY Heritage Bank of Nevada is looking for a talented and motivated Commercial Loan Officer III. The CLO acts as the primary contact for commercial clients and high net worth ...
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