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The median expected salary for a typical Commercial Loan Officer I in the United States is $58,111. This basic market pricing report was prepared using our Certified Compensation Professionals' analysis of survey data collected from thousands of HR departments at employers of all sizes, industries and geographies.
Source: HR Reported data as of May 2013
Job Description for Commercial Loan Officer I New Search   
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.
Alternate Job Titles: Commercial Loan Officer I, Entry Level Commercial Loan Officer
Categories:  Banking , Entry Level , Financial Services
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