How much does a Commercial Loan Officer III make in Chicago, IL? The average Commercial Loan Officer III salary in Chicago, IL is $129,991 as of September 25, 2020, but the range typically falls between $115,253 and $142,858. 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% $115,253 10% $101,835 90% $154,572 75% $142,858 $129,991 50%(Median) View your Salary
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Check out Commercial Loan Officer jobs in Chicago, Illinois

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Sun West Mortgage Company, Inc. - Chicago, IL

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CyberCoders - Chicago, IL

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Job Description for Commercial Loan Officer III

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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Job Openings for Commercial Loan Officer III in Chicago, IL
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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Average Base Salary

Core compensation

 
 
 
115253
142858
129991

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
128271
168657
147028
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 Chicago, IL. The base salary for Commercial Loan Officer III ranges from $115,253 to $142,858 with the average base salary of $129,991. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $128,271 to $168,657 with the average total cash compensation of $147,028.
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115253
142858

 

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Commercial Loan Officer III Salary in popular cities: AuroraRockfordJoliet

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

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

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