How much does a Commercial Loan Clerk make in Minnesota? The average Commercial Loan Clerk salary in Minnesota is $46,275 as of April 24, 2024, but the range typically falls between $41,052 and $52,399. 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 Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Clerk Salary $36,296 MN April 24, 2024
25th Percentile Commercial Loan Clerk Salary $41,052 MN April 24, 2024
50th Percentile Commercial Loan Clerk Salary $46,275 MN April 24, 2024
75th Percentile Commercial Loan Clerk Salary $52,399 MN April 24, 2024
90th Percentile Commercial Loan Clerk Salary $57,974 MN April 24, 2024
25% $41,052 10% $36,296 90% $57,974 75% $52,399 $46,275 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Clerk 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.

Microsoft Word: Microsoft Word or MS Word is a popular word-processing program used mainly for creating documents, such as brochures, letters, learning activities, quizzes, tests, and students' homework assignments

3.

Commercial Banking: Is a profit oriented banking by providing loans to customers and charging interest. The bank’s funds come from money deposited by the bank customers in saving accounts, checking accounts, money market accounts, and certificates of deposit (CDs).

Customer Service 7.84%
Microsoft Word 1.79%
Commercial Banking 1.33%
Others 89.04%

Job Description for Commercial Loan Clerk

Commercial Loan Clerk processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Being a Commercial Loan Clerk calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. Additionally, Commercial Loan Clerk may require an associate degree or equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Commercial Loan Clerk typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Clerk in Minnesota
  • The Commercial Loan Officer manages a loan portfolio of all types of business loans, including SBA, CRE, C&I, and business lines of credit. The Commercial ...
    - 5 Days Ago
  • Gpac is partnered with one of the top community banks in the market that is looking to hire an experienced Commercial Loan Officer to their team. . Job Res...
    - 1 Day Ago
  • We pride ourselves on building close relationships with our customers to understand their specific needs and provide tailored solutions for their business....
    - 4 Days Ago
  • Overview. At MidWestOne, our people are number one in everything we do. We are a community bank with a culture based on integrity and customer care. The pe...
    - 4 Days Ago
  • CMMN65127 – Commercial / Ag Loan Officer – Northwest MN near Detroit Lakes. Our client is a $100 million plus community bank group that is looking to hire ...
    - 2 Days Ago

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

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Location Avg. Salary Date Updated
Location Lakeville, MN Avg. Salary $47,678 Date Updated April 24, 2024
Location Minnetonka, MN Avg. Salary $47,994 Date Updated April 24, 2024
Location Ada, MN Avg. Salary $42,747 Date Updated April 24, 2024
Location Adams, MN Avg. Salary $44,918 Date Updated April 24, 2024
Location Adolph, MN Avg. Salary $43,697 Date Updated April 24, 2024
Location Adrian, MN Avg. Salary $40,395 Date Updated April 24, 2024
Location Afton, MN Avg. Salary $47,632 Date Updated April 24, 2024
Location Ah Gwah Ching, MN Avg. Salary $43,426 Date Updated April 24, 2024
Location Aitkin, MN Avg. Salary $43,742 Date Updated April 24, 2024
Location Akeley, MN Avg. Salary $43,471 Date Updated April 24, 2024

Career Path for Commercial Loan Clerk

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, the first career path typically starts with a Loan Servicing Clerk III position, and then progresses to Loan Servicing Supervisor.

Additionally, the second career path typically progresses to Commercial Loan Clerk, Sr..

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Commercial Loan Clerk Salary in Minnesota
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