How much does a Loan Collector- Commercial make in the United States?

Processes commercial loan applications to provide financing for businesses, support timely origination, and ensure completeness and accuracy of documentation before funding. Reviews loan files to confirm revenue, cash-flow, credit history, assets, and collateral details in accordance with lending policies and regulatory standards. Communicates with borrowers, loan officers, and underwriters to obtain missing documentation and clarify application details. Prepares loan packages for underwriting review and ensures all required documents are properly organized and submitted. Maintains accurate records in loan processing systems and monitors application status to ensure timely progression through the approval process. Tracks and monitors due dates and responds to borrower inquiries. Requires a high school diploma. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. View Commercial Loan Processor I Salary

Originates and manages commercial loans to support portfolio growth and profitability. Identifies and solicits new commercial lending opportunities through prospecting, referrals, and existing client relationships. Guides applicants through the approval process and provides product guidance to educate borrowers on loan options. Performs due diligence, analyzing borrower financial statements, cash flow, credit history, and collateral to assess creditworthiness and risk. Structures and recommends loan terms in compliance with credit policy and regulatory requirements. Collaborates with underwriting, credit, and risk teams to facilitate loan approval and closing. Typically requires a bachelor's degree. May require Commercial Lending certification or licensure. 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 Salary