How much does a Commercial Loan Officer I make? The median annual Commercial Loan Officer I salary is $62,365, as of January 30, 2018, with a range usually between $54,382-$70,684, 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.
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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 $62,365, so 50% of the people who perform the job of Commercial Loan Officer I in the United States are expected to make less than $62,365.
Source: HR Reported data as of January 30, 2018
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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 February 2018
Solicits and services a variety of smaller commercial loans. Interviews applicants and obtains information regarding earnings and financial condition to evaluate the applicant's creditworthiness. Approves or denies loan within established limits, or refers loan to loan committee for approval. May assist more senior loan officers with larger or more complex loans. Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience. View full job description