The salary of a Commercial Loan Clerk in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of March 01, 2025, the average annual salary for a Commercial Loan Clerk in the United States is $46,226. According to Salary.com, salaries can range from a low of $36,258 to a high of $57,922, with most professionals earning between $41,009 and $52,348.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $52,348 | $4,362 | $1,007 | $25 |
| Average | $46,226 | $3,852 | $889 | $22 |
| 25th Percentile | $41,009 | $3,417 | $789 | $20 |
An entry-level Commercial Loan Clerk with less than 1 year of experience earns about $42,806. With 1-2 years of experience, the average salary increases to $43,191. For 2-4 years of experience, the pay typically rises to $46,366. Senior-level professionals with 5-8 years of experience earn around $50,431, and those with over 8 years of experience can expect an average of $50,702.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Clerk | $42,806 |
| Intermediate Level Commercial Loan Clerk | $43,191 |
| Senior Level Commercial Loan Clerk | $46,366 |
| Specialist Level Commercial Loan Clerk | $50,431 |
| Expert Level Commercial Loan Clerk | $50,702 |
| Entry Level | 7% |
| Mid Level | 7% |
| Senior Level | 0% |
| Top Level | 9% |
| Experienced | 10% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Commercial Loan Clerk compensation over the past six years. For example, the median salary increased from $45,227 in 2023 to approximately $45,351 in 2024. (For a detailed analysis of Commercial Loan Clerk salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
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.
Here are companies hiring for Commercial Loan Clerk and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $46,226 | 68.2% | ||
| Bonus | $910 | 1.3% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $3,606 | 5.3% | ||
| 401K/403B | $2,215 | 3.3% | ||
| Disability | $377 | 0.6% | ||
| Healthcare | $6,056 | 8.9% | ||
| Pension | $2,592 | 3.8% | ||
| Time Off | $5,801 | 8.6% | ||
| Total Compensation | $67,784 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 2.1% |
| High School | 25.5% |
| Associates | 8.5% |
| Bachelors | 57.4% |
| Masters | 6.4% |
What Am I Worth?
The average annual salary of Commercial Loan Clerk is $46,226. In case you are finding an easy salary calculator, the average hourly pay of Commercial Loan Clerk is $22; the average weekly pay of Commercial Loan Clerk is $889; the average monthly pay of Commercial Loan Clerk is $3,852.
A Commercial Loan Clerk's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Commercial Loan Clerk earns the most in San Jose, CA, where the annual salary of a Commercial Loan Clerk is $58,014.
The highest pay for Commercial Loan Clerk is $57,922.
The lowest pay for Commercial Loan Clerk is $36,258.
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.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
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.
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
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).
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
