How much does a Commercial Loan Clerk, Sr. make in Massachusetts? The average Commercial Loan Clerk, Sr. salary in Massachusetts is $58,426 as of April 24, 2024, but the range typically falls between $50,792 and $69,034. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Commercial Loan Clerk, Sr. Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Clerk, Sr. Salary $43,842 MA April 24, 2024
25th Percentile Commercial Loan Clerk, Sr. Salary $50,792 MA April 24, 2024
50th Percentile Commercial Loan Clerk, Sr. Salary $58,426 MA April 24, 2024
75th Percentile Commercial Loan Clerk, Sr. Salary $69,034 MA April 24, 2024
90th Percentile Commercial Loan Clerk, Sr. Salary $78,693 MA April 24, 2024
25% $50,792 10% $43,842 90% $78,693 75% $69,034 $58,426 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Clerk, Sr. need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

3.

Continuous Improvement: A continual improvement process, also often called a continuous improvement process (abbreviated as CIP or CI), is an ongoing effort to improve products, services, or processes. These efforts can seek "incremental" improvement over time or "breakthrough" improvement all at once. Delivery (customer valued) processes are constantly evaluated and improved in the light of their efficiency, effectiveness and flexibility. Some see CIPs as a meta-process for most management systems (such as business process management, quality management, project management, and program management). W. Edwards Deming, a pioneer of the field, saw it as part of the 'system' whereby feedback from the process and customer were evaluated against organisational goals. The fact that it can be called a management process does not mean that it needs to be executed by 'management'; but rather merely that it makes decisions about the implementation of the delivery process and the design of the delivery process itself.

Customer Service 6.62%
Underwriting 1.86%
Continuous Improvement 1.04%
Others 90.48%

Job Description for Commercial Loan Clerk, Sr.

Commercial Loan Clerk, Sr. processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Being a Commercial Loan Clerk, Sr. calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. Additionally, Commercial Loan Clerk, Sr. may require an associate degree or equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk, Sr. works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Commercial Loan Clerk, Sr. typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Clerk, Sr. in Massachusetts
  • ABOUT LOWELL FIVE. With nearly $1.7 billion in assets, over 200 employees, and 15 banking center locations throughout the Merrimack Valley and Southern New...
    - 2 Days Ago
  • Job Description. Job Description. Leader Bank is looking for exceptionally dedicated team members to join one of the region’s fastest growing community ban...
    - 2 Days Ago
  • Overview. Job Summary: Assist pharmacy staff in the triaging of incoming prescriptions, the delivery of filled prescriptions to the patients, and all cashi...
    - 1 Month Ago
  • We are excited to offer an excellent career opportunity for an experienced and accomplished Accounting Clerk to join our team. This is an excellent opportu...
    - 1 Day Ago
  • LSI Staffing has a 1st shift Receiving Clerk Warehouse Opening paying $17.00/hr. Hours are from Monday – Friday 8:30am-5:00pm w/occasional OT. Walking, Sta...
    - 3 Days Ago

Select a city to view specific salary and bonus information for Commercial Loan Clerk, Sr.

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Location Avg. Salary Date Updated
Location Attleboro, MA Avg. Salary $56,332 Date Updated April 24, 2024
Location Barnstable, MA Avg. Salary $56,922 Date Updated April 24, 2024
Location Fitchburg, MA Avg. Salary $57,245 Date Updated April 24, 2024
Location Hyannis, MA Avg. Salary $56,708 Date Updated April 24, 2024
Location Leominster, MA Avg. Salary $56,546 Date Updated April 24, 2024
Location Malden, MA Avg. Salary $60,198 Date Updated April 24, 2024
Location Methuen, MA Avg. Salary $57,352 Date Updated April 24, 2024
Location Newton, MA Avg. Salary $60,198 Date Updated April 24, 2024
Location Revere, MA Avg. Salary $60,198 Date Updated April 24, 2024
Location Weymouth, MA Avg. Salary $58,641 Date Updated April 24, 2024

Career Path for Commercial Loan Clerk, Sr.

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Commercial Loan Clerk, Sr., the upper level is Loan Servicing Supervisor and then progresses to Loan Servicing Manager.

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Commercial Loan Clerk, Sr. Salary in Massachusetts
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