How much does a Commercial Loan Officer III make in Minneapolis, MN? The average Commercial Loan Officer III salary in Minneapolis, MN is $131,936 as of March 29, 2021, but the range typically falls between $116,977 and $144,994. 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 2021 Salary.com)... View full job description
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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.
November 25, 2020
Maintains up-to-date client files including current balance sheets, profit & loss statements, cash flow projections and all loan documentation.
Minneapolis (/ˌmɪniˈæpəlɪs/ (listen)) is the county seat of Hennepin County and the larger of the Twin Cities, the 16th-largest metropolitan area in the United States. As of 2017, Minneapolis is the largest city in the state of Minnesota and 45th-largest in the United States, with an estimated population of 422,331. The Twin Cities metropolitan area consists of Minneapolis, its neighbor Saint Paul, and suburbs which altogether contain about 3.6 million people, and is the third-largest economic center in the Midwest.
Minneapolis lies on both banks of the Mississippi River, just north of the riv...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
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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 Minneapolis, MN. The base salary for Commercial Loan Officer III ranges from $116,977 to $144,994 with the average base salary of $131,936. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $130,192 to $171,185 with the average total cash compensation of $149,228.