How much does a Commercial Loan Clerk, Sr. make in the United States? The average Commercial Loan Clerk, Sr. salary in the United States is $53,828 as of May 28, 2024, but the range typically falls between $46,790 and $63,593. 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, Sr. Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Loan Clerk, Sr. Salary $40,382 US May 28, 2024
25th Percentile Commercial Loan Clerk, Sr. Salary $46,790 US May 28, 2024
50th Percentile Commercial Loan Clerk, Sr. Salary $53,828 US May 28, 2024
75th Percentile Commercial Loan Clerk, Sr. Salary $63,593 US May 28, 2024
90th Percentile Commercial Loan Clerk, Sr. Salary $72,484 US May 28, 2024
25% $46,790 10% $40,382 90% $72,484 75% $63,593 $53,828 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Loan Clerk, Sr. 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.

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.

Customer Service 6.62%
Underwriting 1.86%
Continuous Improvement 1.04%
Others 90.48%
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Job Description for Commercial Loan Clerk, Sr.

Commercial Loan Clerk, Sr. processes loan payments and applies funds to customer accounts. Calculates and processes payoffs, and releases titles and insurance interest. Being a Commercial Loan Clerk, Sr. calculates and prepares refunds for customers that submit overpayments. Responds to customer inquiries and requests for net payoff quotes. Additionally, Commercial Loan Clerk, Sr. may require an associate degree or equivalent. Typically reports to a supervisor or manager. The Commercial Loan Clerk, Sr. works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Commercial Loan Clerk, Sr. typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Loan Clerk, Sr.
  • Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction compa...
    - 3 Days Ago
  • We are looking for more than just an employee, we are looking for a true team member dedicated to enhancing the member experience. Come join the credit uni...
    - 2 Days Ago
  • Position. Senior Commercial Loan Review Analyst III. Location. Jersey City, NJ 07302. Duration. Direct Hire/ Permanent. Hybrid. 2-3 days onsite a week. Tea...
    - 1 Day Ago
  • Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction compa...
    - 3 Days Ago
  • Enterprise Bank & Trust was founded in the spirit of entrepreneurship and community. From the small mom-and-pop coffee shop to the large construction compa...
    - 3 Days Ago

Career Path for Commercial Loan Clerk, Sr.

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, Sr., the upper level is Loan Servicing Supervisor and then progresses to Loan Servicing Manager.

Those that have already made the climb...
John D. Rainey, Former Chief Financial Officer and EVP, Global Customer Operations
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consu... More
Fiscal Year Ended in 2022
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Commercial Loan Clerk, Sr. salary varies from city to city. Compared with national average salary of Commercial Loan Clerk, Sr., the highest Commercial Loan Clerk, Sr. salary is in San Francisco, CA, where the Commercial Loan Clerk, Sr. salary is 25.0% above. The lowest Commercial Loan Clerk, Sr. salary is in Miami, FL, where the Commercial Loan Clerk, Sr. 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

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Understand the total compensation opportunity for a Commercial Loan Clerk, Sr., base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
46790
63593
53828

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
47747
63983
54651
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Clerk, Sr. in the United States. The base salary for Commercial Loan Clerk, Sr. ranges from $46,790 to $63,593 with the average base salary of $53,828. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $47,747 to $63,983 with the average total cash compensation of $54,651.
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46790
63593

 

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

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Commercial Loan Clerk, Sr. Salary in United States
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