How much does a Commercial Loan Officer III make? The median annual Commercial Loan Officer III salary is $110,870, as of June 24, 2016, with a range usually between $98,310-$121,860, 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 III in the United States.
This chart describes the expected percentage of people who perform the job of Commercial Loan Officer III in the United States that make less than that annual salary. For example the median expected annual pay for a typical Commercial Loan Officer III in the United States is $110,870, so 50% of the people who perform the job of Commercial Loan Officer III in the United States are expected to make less than $110,870.
This chart describes the expected percentage of people who perform the job of Commercial Loan Officer III that make less than that salary. For example 50% of the people who perform the job of Commercial Loan Officer III are expected to make less than the median.
Source: HR Reported data as of July 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 4-6 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures. Relies on experience and judgment to plan and accomplish goals. Performs a variety of tasks. A wide degree of creativity and latitude is expected. Typically reports to a manager or head of a unit/department. View full job description