How much does a Commercial Loan Clerk, Sr. make?

As of March 01, 2025, the average annual salary for a Commercial Loan Clerk, Sr. in the United States is $51,984. According to Salary.com, salaries can range from a low of $40,286 to a high of $61,399, with most professionals earning between $45,861 and $56,912.

Commercial Loan Clerk, Sr. Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $56,912 $4,743 $1,094 $27
Average $51,984 $4,332 $1,000 $25
25th Percentile $45,861 $3,822 $882 $22

Average Salary

25% $45,861 10% $40,286 90% $61,399 75% $56,912 $51,984 50%(Median) Didn’t find job title? Click
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How much does a Commercial Loan Clerk, Sr. make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Commercial Loan Clerk, Sr. salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Commercial Loan Clerk, Sr. hourly pay, weekly pay, monthly pay and so on.

Last Updated on March 01, 2025
Last Updated on March 01, 2025

How Does Experience Level Affect a Commercial Loan Clerk, Sr.'s Salary?

An entry-level Commercial Loan Clerk, Sr. with less than 1 year of experience earns about $48,511. With 1-2 years of experience, the average salary increases to $48,968. For 2-4 years of experience, the pay typically rises to $50,156. Senior-level professionals with 5-8 years of experience earn around $54,191, and those with over 8 years of experience can expect an average of $56,029.

Levels Salary
Entry Level Commercial Loan Clerk, Sr. $48,511
Intermediate Level Commercial Loan Clerk, Sr. $48,968
Senior Level Commercial Loan Clerk, Sr. $50,156
Specialist Level Commercial Loan Clerk, Sr. $54,191
Expert Level Commercial Loan Clerk, Sr. $56,029
$48,511 0 yr
$48,968 < 2 yrs
$50,156 2-4 yrs
$54,191 5-8 yrs
$56,029 > 8 yrs
Last Updated on March 01, 2025
Entry Level 7%
Mid Level 6%
Senior Level 4%
Top Level 4%
Experienced 8%
View as graph
Last Updated on March 01, 2025

How much does salary of Commercial Loan Clerk, Sr. vary from city to city?

Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.

For example, as of March 01, 2025:
  • In San Francisco, CA, the average yearly salary for a Commercial Loan Clerk, Sr. is $64,980.
  • In New York, NY, the average annual salary is $60,717.
  • In Boston, MA, a Commercial Loan Clerk, Sr. earns $58,274 per year.

What is the salary trend of Commercial Loan Clerk, Sr.?

As of March 01, 2025, our research reveals a significant shift in Commercial Loan Clerk, Sr. compensation over the past six years. For example, the median salary increased from $50,760 in 2023 to approximately $50,555 in 2024. (For a detailed analysis of Commercial Loan Clerk, Sr. salary trends, click here.)

Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.

Average Annual Salary of Commercial Loan Clerk, Sr. Over Time

2020
$???
2021
$???
2022
$???
$50,760
2023
$50,555
2024
$50,294
2025
2026
$???
Last Updated on March 01, 2025
2020
$???
2021
$???
2022
$???
2023
$50,760
2024
$50,555
2025
$50,294
2026
$???
Last Updated on March 01, 2025

Commercial Loan Clerk, Sr. Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $50,760
2024 $50,555
2025 $50,294
2026 View More
Last Updated on March 01, 2025

Job Openings of Commercial Loan Clerk, Sr.

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

Most Common Benefits for Commercial Loan Clerk, Sr.

Based on HR-reported data: a national average with a geographic differential
Base Salary 70.1%
Bonuses 0.0%
Social Security 5.4%
401k/403b 3.3%
Disability 0.6%
Healthcare 8.2%
Pension 3.9%
Time Off 8.6%
Core Compensation
Core Compensation Median % of Total
Base Salary $51,984 70.1%
Bonus $0 0.0%
Value of Benefits
Core Compensation Median % of Total
Social Security $3,977 5.4%
401K/403B $2,443 3.3%
Disability $416 0.6%
Healthcare $6,056 8.2%
Pension $2,859 3.9%
Time Off $6,398 8.6%
Total Compensation $74,133 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on March 01, 2025

What are the salaries of a Commercial Loan Clerk, Sr. with different levels of education?

Salaries for Commercial Loan Clerk, Sr. with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Commercial Loan Clerk, Sr. with a Associate's Degree is $51,457 - $55,789. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Commercial Loan Clerk, Sr. Salaries by Degree Level

Last Updated on March 01, 2025
Typical Education for Commercial Loan Clerk, Sr.
Degree Level % of user with this level of education
No Diploma 8.3%
High School 25.0%
Associates 25.0%
Bachelors 25.0%
Masters 16.7%
Typical Education for Commercial Loan Clerk, Sr.
No Diploma 8.3%
High School 25.0%
Associates 25.0%
Bachelors 25.0%
Masters 16.7%
view as table

Commercial Loan Clerk, Sr. Salaries by Degree Level

Last Updated on March 01, 2025

What Am I Worth?

FAQ about Commercial Loan Clerk, Sr.

1. What is the average salary of a Commercial Loan Clerk, Sr.?

The average annual salary of Commercial Loan Clerk, Sr. is $51,984. In case you are finding an easy salary calculator, the average hourly pay of Commercial Loan Clerk, Sr. is $25; the average weekly pay of Commercial Loan Clerk, Sr. is $1,000; the average monthly pay of Commercial Loan Clerk, Sr. is $4,332.

2. Where can a Commercial Loan Clerk, Sr. earn the most?

A Commercial Loan Clerk, Sr.'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, Sr. earns the most in San Jose, CA, where the annual salary of a Commercial Loan Clerk, Sr. is $65,240.

3. What is the highest pay for Commercial Loan Clerk, Sr.?

The highest pay for Commercial Loan Clerk, Sr. is $61,399.

4. What is the lowest pay for Commercial Loan Clerk, Sr.?

The lowest pay for Commercial Loan Clerk, Sr. is $40,286.

5. What are the responsibilities of Commercial Loan Clerk, Sr.?

Processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. May require an associate degree or equivalent. Typically reports to a supervisor or manager. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience.

6. What are the skills of Commercial Loan Clerk, Sr.

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.

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.)

Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

3.)

Continuous Improvement: A continual improvement process, also often called a continuous improvement process (abbreviated as CIP or CI), is an ongoing effort to improve products, services, or processes. These efforts can seek "incremental" improvement over time or "breakthrough" improvement all at once. Delivery (customer valued) processes are constantly evaluated and improved in the light of their efficiency, effectiveness and flexibility. Some see CIPs as a meta-process for most management systems (such as business process management, quality management, project management, and program management). W. Edwards Deming, a pioneer of the field, saw it as part of the 'system' whereby feedback from the process and customer were evaluated against organisational goals. The fact that it can be called a management process does not mean that it needs to be executed by 'management'; but rather merely that it makes decisions about the implementation of the delivery process and the design of the delivery process itself.

About Our Data

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.

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The average salary for a Commercial Loan Clerk, Sr. is $51,984 per year in the United States, updated at March 01, 2025.
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