How much does a Commercial Loan Officer I make in the United States? The average Commercial Loan Officer I salary in the United States is $66,276 as of September 25, 2020, but the range typically falls between $57,784 and $75,114. 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. 

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25% $57,784 10% $50,053 90% $83,161 75% $75,114 $66,276 50%(Median) View your Salary
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Check out Commercial Loan Officer jobs in Virginia

Mortgage Loan Officer (MLO)

PNC Financial Services Group - Alexandria, VA

Mortgage Loan Officer (MLO)

PNC Financial Services Group - Chantilly, VA

Subject Matter Expert 3 Imagery

Chugach Government Solutions, LLC - Dam Neck Annex, VA

Regional Credit Officer

American National Bank & Trust Company - Danville, VA

Job Description for Commercial Loan Officer I

Commercial Loan Officer I solicits and services a variety of smaller commercial loans. Interviews applicants and obtains information regarding earnings and financial condition to evaluate the applicant's creditworthiness. Being a Commercial Loan Officer I approves or denies loan within established limits, or refers loan to loan committee for approval. May assist more senior loan officers with larger or more complex loans. Additionally, Commercial Loan Officer I requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Commercial Loan Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Officer I typically requires 0-2 years of related experience. (Copyright 2020 Salary.com)... View full job description

See user submitted job responsibilities for Commercial Loan Officer I.

Job Openings for Commercial Loan Officer I
Those that have already made the climb...
John D. Rainey, Chief Financial Officer and Executive Vice President, Global Customer Operations
PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumer... More
Fiscal Year Ended in 2019
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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
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Commercial Loan Officer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
57784
75114
66276

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
59992
82379
70641
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Officer I in the United States. The base salary for Commercial Loan Officer I ranges from $57,784 to $75,114 with the average base salary of $66,276. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $59,992 to $82,379 with the average total cash compensation of $70,641.
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57784
75114

 

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Skills associated with Commercial Loan Officer I: Loan Authorization, Loan Software, Lending Regulatory Compliance, Commercial Customer Development ...More

Recently searched related titles: Loan Counselor, Junior Loan Officer, Business Banker

Salary estimation for Commercial Loan Officer I at companies like : PAYPAL HOLDINGS INC, RE/MAX HOLDINGS INC, Square, Inc.

Jobs with a similar salary range to Commercial Loan Officer I : Commercial Banking Officer, Loan Officer