Lead Commercial Loan Review Officer Salary in the United States

FAQ about Lead Commercial Loan Review Officer

1. How much do loan officers make per transaction?

Loan officers typically earn between 0.2% and 2% of the total loan amount in commission. For instance, if a loan officer negotiates a 1% commission on a $500,000 loan, they would receive $5,000 for that transaction. In terms of salary, Lead Commercial Loan Review Officers earn between $112,420 and $146,420 annually, depending on experience and location.

2. What is the highest salary of team leader?

The highest salary that a Lead Commercial Loan Review Officer can earn is $146,420 per year.

3. Can loan officers make a lot of money?

Loan officers, particularly Lead Commercial Loan Review Officers, can earn a competitive salary. The minimum salary is around $112,420, with a mid-range salary of approximately $124,780, and top earners can make up to $146,420. Their earnings often depend on the volume of loans they process, making it possible for high performers to achieve significant income.

4. Is being a loan officer a hard job?

Being a loan officer can be challenging, but with study, hard work, and dedication, one can advance quickly. Common challenges include meeting sales metrics, adhering to legal requirements, and addressing clients' unique needs. The role offers competitive salaries, with a range from $112,420 to $146,420, reflecting the importance and complexity of the position.

5. How much does a loan review officer get paid?

How much does a Loan Review Officer make? The salary for a Lead Commercial Loan Review Officer ranges from a minimum of $112,420 to a maximum of $146,420, with a midpoint of $124,780 annually. This translates to approximately $54.00 to $70.32 per hour, or $9,368 to $12,202 monthly, reflecting the specialized nature of the role.

6. What is the highest paid loan officer?

The highest paid Lead Commercial Loan Review Officers earn between $112,420 and $146,420 annually, with a median salary of $124,780. This reflects a significant increase compared to the typical Senior Loan Officer salaries, which range from $63,500 to $103,500.