How much does a Commercial Loan Officer make in the United States?
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The average Commercial Loan Officer salary in the United States is $126,764 as of March 26, 2024. The range for our most popular Commercial Loan Officer positions (listed below) typically falls between $61,872 and $191,657. Keep in mind that salary ranges can vary widely depending on many important factors, including position, education, certifications, additional skills, and the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Commercial Loan Officer's Annual Base Salary
Job Title | Salary | Hourly Rate | Location | Date Updated |
Commercial Loan Officer V | $165,891 | $79.76 | United States | March 26, 2024 |
Commercial Loan Officer I | $71,989 | $34.61 | United States | March 26, 2024 |
Commercial Loan Officer II | $98,846 | $47.52 | United States | March 26, 2024 |
Commercial Loan Officer III | $120,598 | $57.98 | United States | March 26, 2024 |
Commercial Loan Officer IV | $137,761 | $66.23 | United States | March 26, 2024 |
Commercial Loan Workout Officer I | $67,125 | $32.27 | United States | March 26, 2024 |
Commercial Loan Workout Officer II | $91,009 | $43.75 | United States | March 26, 2024 |
Commercial Loan Workout Officer III | $122,682 | $58.98 | United States | March 26, 2024 |
Commercial Loan Workout Officer IV | $148,507 | $71.40 | United States | March 26, 2024 |
Commercial Loan Review Officer IV | $122,267 | $58.78 | United States | March 26, 2024 |
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Solicits and services a variety of large and complex commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Typically requires a bachelor's degree. Typically reports to a manager. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience. View Commercial Loan Officer V Salary
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Solicits and services a variety of smaller commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Adheres to all regulatory requirements and internal risk and operating policies and procedures. May assist senior loan officers with larger or more complex loans. Typically requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. View Commercial Loan Officer I SalaryAlternate Job Titles:Entry Commercial Loan Officer, Commercial Loan Officer I
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Solicits and services a variety of small to moderate size commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Typically requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2 -4 years of related experience. View Commercial Loan Officer II SalaryAlternate Job Titles:Intermediate Commercial Loan Officer, Commercial Loan Officer II
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Solicits and services a variety of moderate to large size commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Typically requires a bachelor's degree. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4 -7 years of related experience. View Commercial Loan Officer III SalaryAlternate Job Titles:Senior Commercial Loan Officer, Commercial Loan Officer III
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Solicits and services a variety of large and complex commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Typically requires a bachelor's degree. Typically reports to a manager. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience. View Commercial Loan Officer IV SalaryAlternate Job Titles:Specialist Commercial Loan Officer, Commercial Loan Officer IV
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Restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience. View Commercial Loan Workout Officer I SalaryAlternate Job Titles:Commercial Loan Restructuring Officer I, Loan Workout Officer, Entry - Commercial, Commercial Loan Workout Officer I
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Restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Works with loans of moderate size and complexity. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Typically requires 2 to 4 years of related experience. View Commercial Loan Workout Officer II SalaryAlternate Job Titles:Commercial Loan Restructuring Officer II, Loan Workout Officer, Experienced - Commercial, Commercial Loan Workout Officer II
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Restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Works with loans of moderate to large size and complexity. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. View Commercial Loan Workout Officer III SalaryAlternate Job Titles:Commercial Loan Restructuring Officer III, Loan Workout Officer, Senior - Commercial, Commercial Loan Workout Officer III
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Restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Works with the largest and most complex loans. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. A specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. Typically requires 7+ years of related experience. View Commercial Loan Workout Officer IV SalaryAlternate Job Titles:Commercial Loan Restructuring Officer IV, Loan Workout Officer, Specialist - Commercial, Commercial Loan Workout Officer IV
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Performs reviews of bank's commercial loans to ensure compliance with established policies and credit standards. Reviews mid to large size loans of the most complexity. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Works autonomously. Goals are generally communicated in solution or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Typically requires 10+ years of related experience. View Commercial Loan Review Officer IV SalaryAlternate Job Titles:Commercial Loan Review Officer, Specialist, Lead Commercial Loan Review Officer, Commercial Loan Review Officer IV