Senior Commercial Loan Processor Salary in the United States

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Senior Commercial Loan Processor Salary

How much does a Senior Commercial Loan Processor make in the United States? The average Senior Commercial Loan Processor salary in the United States is $53,600 as of March 26, 2024, but the range typically falls between $46,600 and $63,400. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, 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.

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Senior Commercial Loan Processor Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Senior Commercial Loan Processor Salary $40,227 US March 26, 2024
25th Percentile Senior Commercial Loan Processor Salary $46,600 US March 26, 2024
50th Percentile Senior Commercial Loan Processor Salary $53,600 US March 26, 2024
75th Percentile Senior Commercial Loan Processor Salary $63,400 US March 26, 2024
90th Percentile Senior Commercial Loan Processor Salary $72,322 US March 26, 2024
25% $46,600 10% $40,227 90% $72,322 75% $63,400 $53,600 50%(Median) Didn’t find job title? Click
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Check out Senior Commercial Loan Processor Job Openings in Columbus, Ohio
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Senior Loan Officer

Synergy One Lending, Inc. NMLS #1907235 - Chagrin Falls, OH

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Controller - REMOTE - Cleveland, OH

World Business Lenders, LLC - Cleveland, OH

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Sr. Corporate Loan Processor

CrossCountry Mortgage, LLC. - Cleveland, OH

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Job Description

The Senior Commercial Loan Processor calculates and processes payoffs, and releases titles and insurance interest. Processes loan payments and applies funds to customer accounts. Being a Senior Commercial Loan Processor responds to customer inquiries and requests for net payoff quotes. Calculates and prepares refunds for customers that submit overpayments. In addition, Senior Commercial Loan Processor may require an associate's degree or its equivalent. Typically reports to a supervisor or manager. Being a Senior Commercial Loan Processor has gained proficiency in multiple competencies relevant to the job. Works independently within established procedures associated with the specific job function. Working as a Senior Commercial Loan Processor typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Senior Commercial Loan Processor

Career Path for this job

  1. Down a level:

    Commercial Loan Clerk

    1 - 3 years experience
    Associate's Degree

  2. This Job:

    Senior Commercial Loan Processor

    3 - 5 years experience
    Associate's Degree

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Understand the total compensation opportunity for a Senior Commercial Loan Processor, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
46600
63400
53600

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
47600
63700
54500
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Senior Commercial Loan Processor in the United States. The base salary for Senior Commercial Loan Processor ranges from $46,600 to $63,400 with the average base salary of $53,600. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $47,600 to $63,700 with the average total cash compensation of $54,500.
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46600
63400

 

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