How much does a Commercial Loan Officer III make in the United States? The average Commercial Loan Officer III salary in the United States is $121,736 as of May 28, 2020, but the range typically falls between $107,928 and $133,786. 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 Officer III solicits and services a variety of moderate to large size commercial loans. Interviews applicants and obtains information regarding earnings and financial condition to evaluate the applicant's creditworthiness. Being a Commercial Loan Officer III approves or denies loan within established limits, or refers loan to loan committee for approval. Requires a bachelor's degree. Additionally, Commercial Loan Officer III typically reports to a manager or head of a unit/department. The Commercial Loan Officer III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Commercial Loan Officer III typically requires 4 to 7 years of related experience. (Copyright 2020 Salary.com)... View full job description
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What does a Commercial Loan Officer III do?
Commercial Loan Officer III in Afton, WY
Makes underwriting decisions within approval authority.
December 15, 2019
Takes applications for commercial loan business.
December 31, 2019
Maintains up-to-date client files including current balance sheets, profit & loss statements, cash flow projections and all loan documentation.
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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 Officer III in the United States. The base salary for Commercial Loan Officer III ranges from $107,928 to $133,786 with the average base salary of $121,736. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $120,117 to $157,947 with the average total cash compensation of $137,687.