How much does a Commercial Loan Manager make in the United States? The average Commercial Loan Manager salary in the United States is $159,076 as of May 28, 2020, but the range typically falls between $140,785 and $175,835. 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 Manager manages a team of commercial loan officers to build commercial loan business within a designated market. Provides operational guidance to loan officers and approves requests for loans beyond the officers' approval limits. Being a Commercial Loan Manager personally handles the most complex loans and most difficult credit approvals. Requires a bachelor's degree. Additionally, Commercial Loan Manager typically reports to a manager or head of a unit/department. The Commercial Loan Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Commercial Loan Manager typically requires 3+ years of managerial experience. (Copyright 2020 Salary.com)... View full job description
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What does a Commercial Loan Manager do?
Commercial Loan Manager in Addison, TX
Provide outstanding customer service to internal and external customers displaying positive attitude at all times.
September 11, 2019
Facilitates loan closing process, providing high quality customer service while complying with Bank Policy and Federal Regulations.
November 16, 2019
Provide problem resolutions to help make decisions and/or recommendations to ensure closing requirements are met and necessary due diligence is obtained.
Browse Related Job Categories With Commercial Loan Manager
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Average Base Salary
Average Total Cash Compensation
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Manager in the United States. The base salary for Commercial Loan Manager ranges from $140,785 to $175,835 with the average base salary of $159,076. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $160,331 to $221,481 with the average total cash compensation of $188,437.