How much does a Loan Collector- Commercial make in the United States?
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The average Loan Collector- Commercial salary in the United States is $71,168 as of September 25, 2023. The range for our most popular Loan Collector- Commercial positions (listed below) typically falls between $61,366 and $80,969. 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.
Loan Collector- Commercial's Annual Base Salary
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Commercial Loan Clerk | $44,711 | $21.50 | United States | September 25, 2023 |
| Commercial Loan Review Manager | $134,622 | $64.72 | United States | September 25, 2023 |
| Commercial Loan Clerk, Sr. | $53,374 | $25.66 | United States | September 25, 2023 |
| Commercial Loan Officer V | $163,402 | $78.56 | United States | September 25, 2023 |
| Commercial Loan Manager | $168,845 | $81.18 | United States | September 25, 2023 |
| Commercial Loan Processor | $50,965 | $24.50 | United States | September 25, 2023 |
| Commercial Loan Senior Manager | $194,685 | $93.60 | United States | September 25, 2023 |
| Commercial Loan Analyst | $58,831 | $28.28 | United States | September 25, 2023 |
| Commercial Loan Officer | $76,314 | $36.69 | United States | September 25, 2023 |
| Commercial Loan Administrator | $50,073 | $24.07 | United States | September 25, 2023 |
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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, or may need 0 years of experience with additional specialized training and/or certification. View Commercial Loan Clerk Salary
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Commercial Loan Review Manager manages loan review staff to ensure that commercial loans comply with established policies and credit standards. Personally reviews the largest size loans of the most complexity. Being a Commercial Loan Review Manager typically requires a bachelor's degree. Typically reports to a head of a unit/department. The Commercial Loan Review Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Commercial Loan Review Manager typically requires 3+ years of managerial experience. View Commercial Loan Review Manager SalaryAlternate Job Titles:Commercial Loan Review Group Manager
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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 its equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk, Sr. has gained proficiency in multiple competencies relevant to the job. Works independently within established procedures associated with the specific job function. To be a Commercial Loan Clerk, Sr. typically requires 3-5 years of related experience. View Commercial Loan Clerk, Sr. SalaryAlternate Job Titles:Senior Commercial Loan Processor
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Commercial Loan Officer V 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. Being a Commercial Loan Officer V approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer V adheres to all regulatory requirements and internal risk and operating policies and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Commercial Loan Officer V 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. To be a Commercial Loan Officer V typically requires 10+ years of related experience. View Commercial Loan Officer V SalaryAlternate Job Titles:Commercial Lending Officer V
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Commercial Loan Manager manages a team of commercial loan officers to build commercial loan business within a designated market. Provides operational guidance to loan officers and approves requests for loans beyond the officers' approval limits. Being a Commercial Loan Manager may personally handle the most complex loans and most difficult credit approvals. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Additionally, Commercial Loan Manager builds a high-performance lending team with individual mentoring, coaching, and professional development opportunities. Typically requires a bachelor's degree. Typically reports to a director. The Commercial Loan Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Commercial Loan Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. View Commercial Loan Manager SalaryAlternate Job Titles:Commercial Lending Group Manager, Leader Commercial Lending
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Commercial Loan Processor performs administrative tasks for commercial loan processing. Coordinates with lenders, customers, and external vendors to collect and prepare all required documentation for closings. Being a Commercial Loan Processor ensures that loan packages are complete, and documentation correctly prepared within required timelines. Inputs and maintains all required transaction and processing records according to procedures. Additionally, Commercial Loan Processor responds to inquiries. Prepares required regulatory reporting. May require an associate degree. Typically reports to a supervisor. The Commercial Loan Processor works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Commercial Loan Processor typically requires 1-3 years of related experience, or may need 0 years of experience with additional specialized training and/or certification. View Commercial Loan Processor SalaryAlternate Job Titles:Business Loan Processing Senior Clerk, Senior Commercial Loan Processing Clerk
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Commercial Loan Senior Manager manages commercial lending activity for a designated market of the organization. Establishes and manages lending objectives, targets, strategies, and practices to achieve organizational financial, growth, and service goals. Being a Commercial Loan Senior Manager seeks out new business opportunities and develops strategies to expand existing business. Manages the maintenance and servicing of existing commercial loan portfolio. Additionally, Commercial Loan Senior Manager adheres to all regulatory requirements and internal risk and operating policies and procedures. Builds a high-performance lending team with individual coaching and professional development opportunities. Requires a bachelor's degree. Typically reports to a director. The Commercial Loan Senior Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Commercial Loan Senior Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. View Commercial Loan Senior Manager SalaryAlternate Job Titles:Commercial Lending Regional or Industry Segment Manager I