How much does a Commercial Loan Clerk make hourly in the United States? The average hourly wage for a Commercial Loan Clerk in the United States is $22 as of June 27, 2024, but the range typically falls between $19 and $25. Hourly rate 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 Clerk Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Commercial Loan Clerk Salary $17 US June 27, 2024
25th Percentile Commercial Loan Clerk Salary $19 US June 27, 2024
50th Percentile Commercial Loan Clerk Salary $22 US June 27, 2024
75th Percentile Commercial Loan Clerk Salary $25 US June 27, 2024
90th Percentile Commercial Loan Clerk Salary $27 US June 27, 2024
25% $19 10% $17 90% $27 75% $25 $22 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Clerk 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.

Microsoft Word: Microsoft Word or MS Word is a popular word-processing program used mainly for creating documents, such as brochures, letters, learning activities, quizzes, tests, and students' homework assignments

3.

Commercial Banking: Is a profit oriented banking by providing loans to customers and charging interest. The bank’s funds come from money deposited by the bank customers in saving accounts, checking accounts, money market accounts, and certificates of deposit (CDs).

Customer Service 7.84%
Microsoft Word 1.79%
Commercial Banking 1.33%
Others 89.04%
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Job Description for Commercial Loan Clerk

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 equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Commercial Loan Clerk typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Commercial Loan Clerk information for you to search for. Click on search button below to see Commercial Loan Clerk job openings or enter a new job title here.

Job Openings for Commercial Loan Clerk
  • Overview. First Citizens Bank has an incredible opportunity for a Sales Support Specialist (Commercial Lending Assistant) at our. Bonita Springs. location....
    - 5 Days Ago
  • We are now hiring for a Commercial Underwriter, located in our South Sioux City, NE office. For this position, we need someone who is self-motivated with a...
    - 11 Days Ago
  • We are now hiring for a Commercial Underwriter, located in our Bloomington, IN office. For this position, we need someone who is self-motivated with an ana...
    - 11 Days Ago
  • We are now hiring for a Commercial Underwriter, located in our Knoxville, TN office. For this position, we need someone who is self-motivated with an analy...
    - 11 Days Ago
  • We are now hiring for a Commercial Underwriter, located in our Meridian, ID office. For this position, we need someone who is self-motivated with an analyt...
    - 1 Month Ago

Career Path for Commercial Loan Clerk

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 Clerk, the first career path typically starts with a Loan Servicing Clerk III position, and then progresses to Loan Servicing Supervisor.

Additionally, the second career path typically progresses to Commercial Loan Clerk, Sr..

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 Clerk salary varies from city to city. Compared with national average salary of Commercial Loan Clerk, the highest Commercial Loan Clerk salary is in San Francisco, CA, where the Commercial Loan Clerk salary is 25.0% above. The lowest Commercial Loan Clerk salary is in Miami, FL, where the Commercial Loan Clerk salary is 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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

Step 1 of 3

Understand the total hourly compensation opportunity for a Commercial Loan Clerk, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
19
25
22

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
20
25
22
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Commercial Loan Clerk in the United States. The average hourly rate for Commercial Loan Clerk ranges from $19 to $25 with the average hourly pay of $22. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $20 to $25 with the average total hourly cash compensation of $22.
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19
25

 

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Skills associated with Commercial Loan Clerk: Loan Servicing, Calculate Adjustments, Loan Software, Banking Software ...More

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Commercial Loan Clerk Salary in United States
Commercial Loan Clerk Salary Graph, Regional Distribution and Summary