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.
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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PAYPAL HOLDINGS INC
Fiscal Year Ended in 2019
What does a Commercial Loan Officer III do?
Commercial Loan Officer III in Afton, WY
Makes underwriting decisions within approval authority.
December 28, 2019
Takes applications for commercial loan business.
February 21, 2020
Maintains up-to-date client files including current balance sheets, profit & loss statements, cash flow projections and all loan documentation.
Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...
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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 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.