How much does a Commercial Loan Clerk, Sr. make in South Dakota? The average Commercial Loan Clerk, Sr. salary in South Dakota is $48,169 as of March 26, 2024, but the range typically falls between $41,875 and $56,914. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Commercial Loan Clerk, Sr. Salary | $36,145 | SD | March 26, 2024 |
25th Percentile Commercial Loan Clerk, Sr. Salary | $41,875 | SD | March 26, 2024 |
50th Percentile Commercial Loan Clerk, Sr. Salary | $48,169 | SD | March 26, 2024 |
75th Percentile Commercial Loan Clerk, Sr. Salary | $56,914 | SD | March 26, 2024 |
90th Percentile Commercial Loan Clerk, Sr. Salary | $64,877 | SD | March 26, 2024 |
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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.
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.
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.
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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Location | Avg. Salary | Date Updated |
---|---|---|
Location Deadwood, SD | Avg. Salary $46,883 | Date Updated March 26, 2024 |
Location Pierre, SD | Avg. Salary $45,115 | Date Updated March 26, 2024 |
Location Watertown, SD | Avg. Salary $47,847 | Date Updated March 26, 2024 |
Location Aberdeen, SD | Avg. Salary $44,311 | Date Updated March 26, 2024 |
Location Agar, SD | Avg. Salary $44,311 | Date Updated March 26, 2024 |
Location Akaska, SD | Avg. Salary $44,311 | Date Updated March 26, 2024 |
Location Alcester, SD | Avg. Salary $47,526 | Date Updated March 26, 2024 |
Location Alexandria, SD | Avg. Salary $47,847 | Date Updated March 26, 2024 |
Location Allen, SD | Avg. Salary $46,883 | Date Updated March 26, 2024 |
Location Alpena, SD | Avg. Salary $46,079 | Date Updated March 26, 2024 |
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.
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About South Dakota South Dakota (/- dəˈkoʊtə/ (listen)) is a U.S. state in the Midwestern region of the United States. It is named after the Lakota and Dakota Sioux Nati....More
Skills associated with Commercial Loan Clerk, Sr.: Loan Servicing, Calculate Adjustments, Inquiry Research/Response, Loan Software ...More
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