Hourly Wage for Commercial Loan Clerk Salary in the United States

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Hourly Wage for Commercial Loan Clerk Salary

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 $21 as of April 26, 2022, but the range typically falls between $18 and $23. 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. 

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Based on HR-reported data: a national average with a geographic differential
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25% $18 10% $16 90% $26 75% $23 $21 50%(Median)

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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 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. (Copyright 2022 Salary.com)... View full job description

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Job Openings for Commercial Loan Clerk
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
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 holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2020
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Commercial Loan Clerk Pay Difference by Location

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
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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

Average Hourly Wage

Core compensation

 
 
 
18
23
21

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
18
24
21
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 $18 to $23 with the average hourly pay of $21. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $18 to $24 with the average total hourly cash compensation of $21.
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18
23

 

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Skills associated with Commercial Loan Clerk: Loan Servicing, Banking Software, Inquiry Research/Response, Loan Software ...More

Salary estimation for Commercial Loan Clerk at companies like : FS BANCORP INC, LTC PROPERTIES INC, SILVERCREST ASSET MGT

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