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 its equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk gains or has attained full proficiency in a specific area of discipline. Works under moderate supervision. To be a Commercial Loan Clerk typically requires 1-3 years of related experience.