How to Become a Commercial Real Estate Loan Officer

Step 1: Understand the job description and responsibilities of a Commercial Real Estate Loan Officer

What does a Commercial Real Estate Loan Officer do?

A Commercial Real Estate Loan Officer solicits, structures, and services a variety of commercial real estate loans. Works mostly with moderately large and complex real estate loans including investments, development, and construction loans. Being a Commercial Real Estate Loan Officer evaluates loan applicants and reviews appraisals, credit reports, and other information necessary to evaluate deals. Develops and maintains relationships and communication with current and potential borrowers. Additionally, Commercial Real Estate Loan Officer coordinates with credit analysts to ensure the accuracy and completeness of loan analysis and documentation. Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Commercial Real Estate Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Commercial Real Estate Loan Officer typically requires 2 -4 years of related experience.

People's Opinions on Commercial Real Estate Loan Officer responsibilities

Commercial real estate loan officer works with banks and other financial institutions, securing loans for companies who wish to invest in commercially zoned real estate.

12/02/2019: Boca Raton, FL

At times, the commercial enterprise may request a very large loan, requiring the loan officer to work with multiple lenders in order to secure the client’s loan package.

12/10/2019: Modesto, CA

It is typical for those who work as a one-person brokerage firm to function as a loan officer.

01/08/2020: York, PA

A bachelor’s degree in finance, economics, business or a related field is necessary before becoming a commercial real estate loan officer.

11/28/2019: Vallejo, CA

Loan officers begin their careers by gaining experience in the banking industry or sales.

02/16/2020: Albany, GA

Read all People's Opinions Submit your opinion

Step 2: Learn best tips to become a Commercial Real Estate Loan Officer

Best tips for those who want to become a Commercial Real Estate Loan Officer

Here are some tips to become a Commercial Real Estate Loan Officer.

Step 3: View best colleges and universities for Commercial Real Estate Loan Officer

Best colleges and universities for Commercial Real Estate Loan Officer

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College

Step 4: Think about whether is it worth to be a Commercial Real Estate Loan Officer

Is being a Commercial Real Estate Loan Officer Worth it?

People's Opinions on lifestyles

The Loan Officer completes applications, conducts preliminary analysis, identifies information gaps from….

02/03/2020: Riverside, CA

You will be responsible for the analysis and underwriting of complex commercial real-estate and construction loans and the development of new business through….

12/14/2019: Santa Rosa, CA

Compile and analyze Day End reports from the loan servicing system timely and perform….

12/19/2019: Parkersburg, WV

Communicate with commercial loan system vendors as necessary regarding system issues, reports and modifications/enhancements.

12/18/2019: Pocatello, ID

Bachelor’s Degree in business/finance or 5+ years of experience in commercial real estate, finance, community development, or a related field.

01/30/2020: Colorado Springs, CO

Read all People's Opinions Submit your opinion

Step 5: Prepare relevant skills for being a Commercial Real Estate Loan Officer

What skills do you need to be a Commercial Real Estate Loan Officer?

Management often looks to professional level roles for execution on their visions and goals, as such some specific skills are required. The workload of this role requires knowledge of: Commercial Customer Development, Lending Regulatory Compliance, Real Estate Appraisal Review, Commercial Real Estate Lending. Sometimes for this role, knowledge of the following is helpful: Banking Software. If you highlight these skills during your interview process, you will be more likely to land the job!

People's Opinions on Commercial Real Estate Loan Officer skills

Loan officers begin their careers by gaining experience in the banking industry or sales.

02/23/2020: Omaha, NE

Commercial real estate loan officers work directly with the public and must be personable in their approach.

12/21/2019: Springfield, IL

Commercial real estate loan officers must have good computer skills.

01/22/2020: Chillicothe, OH

Commercial real estate loan officers must have good analytical skills to determine whether the business is a good loan risk.

12/06/2019: Petersburg, VA

Previous experience working with credit risk analysis and commercial real estate loan underwriting.

01/12/2020: Long Beach, CA

Read all People's Opinions Submit your opinion

Step 6: View average salary for Commercial Real Estate Loan Officer

How much does a Commercial Real Estate Loan Officer make?

The average salary range for a Commercial Real Estate Loan Officer is from $94,221 to $135,246. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Commercial Real Estate Loan Officer

$94,221 to $135,246