How much does a Commercial Loan Processor make in Alcester, SD? The average Commercial Loan Processor salary in Alcester, SD is $44,994 as of February 26, 2024, but the range typically falls between $39,318 and $52,769. 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. 

Commercial Loan Processor Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Processor Salary $34,150 Alcester,SD February 26, 2024
25th Percentile Commercial Loan Processor Salary $39,318 Alcester,SD February 26, 2024
50th Percentile Commercial Loan Processor Salary $44,994 Alcester,SD February 26, 2024
75th Percentile Commercial Loan Processor Salary $52,769 Alcester,SD February 26, 2024
90th Percentile Commercial Loan Processor Salary $59,848 Alcester,SD February 26, 2024
25% $39,318 10% $34,150 90% $59,848 75% $52,769 $44,994 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Processor need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.

3.

Employee Assistance Programs: Assisting employees with work-related problems that may impact their job performance, health, mental and emotional well-being.

Customer Service 4.68%
General Ledger 1.84%
Employee Assistance Programs 1.3%
Others 92.18%

Job Description for Commercial Loan Processor

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. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Processor in Alcester, SD

Career Path for Commercial Loan Processor

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Commercial Loan Processor, the first career path typically starts with a Loan Processor III position, and then Loan Processing Supervisor.

The second career path typically progresses to Loan Processing Assistant Manager.

Additionally, the third career path typically progresses to Loan Processing Manager.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Commercial Loan Processor salary varies from city to city. Compared with national average salary of Commercial Loan Processor, the highest Commercial Loan Processor salary is in San Francisco, CA, where the Commercial Loan Processor salary is 25.0% above. The lowest Commercial Loan Processor salary is in Miami, FL, where the Commercial Loan Processor salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

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

Average Base Salary

Core compensation

 
 
 
39318
52769
44994

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
40655
55098
46865
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Processor in Alcester, SD. The base salary for Commercial Loan Processor ranges from $39,318 to $52,769 with the average base salary of $44,994. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $40,655 to $55,098 with the average total cash compensation of $46,865.
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For a real-time salary target, tell us more about your role in the four categories below.

39318
52769

 

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About Alcester, South Dakota    Alcester is a city in Union County, South Dakota, United States. It is part of the Sioux City, IA–NE–SD Metropolitan Statistical Area. The population ....More

Alcester, South Dakota  area prices were up 0.8% from a year ago    View the Cost of Living in Alcester, South Dakota

Commercial Loan Processor Salary in popular cities: Sioux FallsRapid CityAberdeen

Skills associated with Commercial Loan Processor: Banking Software, Loan Processing, Quality Assurance Process, Inquiry Research/Response ...More

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