How much does a Commercial Loan Officer I make? The median annual Commercial Loan Officer I salary is $60,512, as of September 30, 2016, with a range usually between $52,736-$68,584, however this can vary widely depending on a variety of factors. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Commercial Loan Officer I in the United States.
This chart describes the expected percentage of people who perform the job of Commercial Loan Officer I in the United States that make less than that annual salary. For example the median expected annual pay for a typical Commercial Loan Officer I in the United States is $60,512, so 50% of the people who perform the job of Commercial Loan Officer I in the United States are expected to make less than $60,512.
This chart describes the expected percentage of people who perform the job of Commercial Loan Officer I that make less than that salary. For example 50% of the people who perform the job of Commercial Loan Officer I are expected to make less than the median.
Source: HR Reported data as of October 2016
Responsible for soliciting and servicing a variety of commercial loans. Interviews applicants and recommends approval of customer applications for commercial loans. Analyzes applicant financial status and credit to determine feasibility of granting loan. Approves loan within established limits or refers loan to loan committee for approval. Verifies loan agreements are complete and accurate according to policy. Requires a bachelor's degree in area of specialty and 1-3 years of experience in the field or in a related area. Familiar with standard concepts, practices, and procedures within a particular field. Relies on limited experience and judgment to plan and accomplish goals. Performs a variety of tasks. Works under general supervision. A certain degree of creativity and latitude is required. Typically reports to a manager or head of a unit/department. View full job description