How much does a Commercial Loan Clerk make in the United States? The average Commercial Loan Clerk salary in the United States is $45,235 as of April 24, 2024, but the range typically falls between $40,129 and $51,221. 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 Clerk Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Clerk Salary $35,480 US April 24, 2024
25th Percentile Commercial Loan Clerk Salary $40,129 US April 24, 2024
50th Percentile Commercial Loan Clerk Salary $45,235 US April 24, 2024
75th Percentile Commercial Loan Clerk Salary $51,221 US April 24, 2024
90th Percentile Commercial Loan Clerk Salary $56,671 US April 24, 2024
25% $40,129 10% $35,480 90% $56,671 75% $51,221 $45,235 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%

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
  • Full-Time Administrative Assistant / Commercial Loan Specialist. Industry. Non-profit organization specializing in SBA 504 loans. Compensation. Competitive...
    - 1 Day Ago
  • Company Overview. Originally founded in 1922 and headquartered in Dallas, Texas, NexBank (the “Bank”) is part of NexBank Capital, Inc. (the “Company”), a f...
    - 4 Days Ago
  • At Emprise Bank, everything we do is focused on empowering people to thrive. We proudly work to provide an extraordinary customer experience to help our cu...
    - 5 Days Ago
  • Bank in New Canaan is looking to hire a Commercial Loan Specialist. Responsibilities. Perform annual reviews of updated financial info & renewals of existi...
    - 5 Days Ago
  • The Risk Manager will manage the assets within a portfolio of performing multifamily loans within the Arbor Private Label, Arbor Private Investment, and/or...
    - 3 Days 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 compensation opportunity for a Commercial Loan Clerk, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
40129
51221
45235

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
40629
52361
46126
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Clerk in the United States. The base salary for Commercial Loan Clerk ranges from $40,129 to $51,221 with the average base salary of $45,235. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $40,629 to $52,361 with the average total cash compensation of $46,126.
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40129
51221

 

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

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