Commercial Loan Processor III Salary in the United States

How much does a Commercial Loan Processor III make in the United States?

As of September 01, 2026, the average salary for a Commercial Loan Processor III in the United States is $61,904 per year, which breaks down to an hourly rate of $30.

However, a Commercial Loan Processor III's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $71,781
  • Majority Range (25th-75th percentile): $57,745 to $67,074
  • Entry-Level (10th percentile): $53,958

Key Factors That Influence Commercial Loan Processor III Salaries

A Commercial Loan Processor III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Commercial Loan Processor III Salaries?

Experience is a primary driver of a Commercial Loan Processor III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $59,545
  • Early Career (1-2 years): $59,856
  • Mid-Level (2-4 years): $60,663
  • Senior-Level (5-8 years): $64,219
  • Expert (over 8 years): $66,148
Levels Salary
Entry Level Commercial Loan Processor III$59,545
Intermediate Level Commercial Loan Processor III$59,856
Senior Level Commercial Loan Processor III$60,663
Specialist Level Commercial Loan Processor III$64,219
Expert Level Commercial Loan Processor III$66,148

Top Paying Cities for Commercial Loan Processor IIIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $78,080
  • San Francisco: $77,225
  • Oakland: $75,597

What Skills Can Increase a Commercial Loan Processor III's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 6.75% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Loan Review (Mentioned in 1.9% Job Postings): Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.
  • Bank Secrecy Act (Mentioned in 1.23% Job Postings): The Currency and Foreign Transactions Reporting Act of 1970—which legislative framework is commonly referred to as the "Bank Secrecy Act" (BSA)—requires U.S. financial institutions to assist U.S. government agencies to detect and prevent money laundering.
Skills Demand Percentage
Customer Service 6.75%
Loan Review 1.9%
Bank Secrecy Act 1.23%

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Commercial Loan Processor III's salary.

  • Credit Risk: Can increase your salary by up to 39%.
  • Lending Products: Can increase your salary by up to 31%.
  • Coordination: Can increase your salary by up to 28%.
Skill Salary Salary % Increase
Credit Risk $86,047
39%
Lending Products $81,094
31%
Coordination $79,237
28%

Commercial Loan Processor III Salary by Company Size: Startups vs. Enterprise

Commercial Loan Processor III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $66,689. While startup companies pay approximate $56,489.

Commercial Loan Processor III Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $56,489
Growth Stage 51~500 $59,738
Established 501~5000 $64,409
Enterprise 5000+ $66,689

Commercial Loan Processor III Salary by Industry: Top Paying Sectors

For Commercial Loan Processor III roles, the industry you choose can affect earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Insurance sectors offer the strongest compensation, at 30% above the average. In contrast, Commercial Loan Processor positions in Edu., Gov't. & Nonprofit or Business Services typically offer lower base pay, as these industries often view Commercial Loan Processor III as a support function rather than a direct revenue driver.

The top paying industry for a Commercial Loan Processor III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$80,475$39.030%

How Education impacts a Commercial Loan Processor III's Salary?

Your level of education can impact your salary potential. While many Commercial Loan Processor III enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Commercial Loan Processor III with a Bachelor's Degree is between $51,669 and $56,084.

Commercial Loan Processor III Salaries by Degree Level

Typical Education for Commercial Loan Processor III
Degree Level % of user with this level of education
No Diploma 8.3%
High School 25.0%
Associates 25.0%
Bachelors 25.0%
Masters 16.7%
Doctorate 0.0%

Commercial Loan Processor III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Commercial Loan Processor III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on September 01, 2026
$57,745
Average $61,904/year
$67,074
$4,812
Average $5,159/month
$5,590
$1,110
Average $1,190/week
$1,290
$28
Average $30/hour
$32
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $67,074 $5,590 $1,290 $32
Average $61,904 $5,159 $1,190 $30
25th Percentile $57,745 $4,812 $1,110 $28

Commercial Loan Processor III Salary Growth & Career Path

Promotions are the fastest way to increase your earnings. As a Commercial Loan Processor III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Commercial Loan Processor III Salary Growth and Career Path
Next Step Role Estimate Salary Projected Raise
Mortgage Closing Supervisor $69,495 12%
Loan Processing Supervisor $64,085 4%

Most common benefits for Commercial Loan Processor III

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Commercial Loan Processor III

Here are companies hiring for Commercial Loan Processor III and their salaries, click below for more details.

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FAQ about Commercial Loan Processor III

1. Where can a Commercial Loan Processor III earn the most?

A Commercial Loan Processor III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Commercial Loan Processor III earns the most in San Jose, CA, where the annual salary of a Commercial Loan Processor III is $78,080.

2. What is the highest pay for Commercial Loan Processor III?

The highest pay for Commercial Loan Processor III is $71,781.

3. What is the lowest pay for Commercial Loan Processor III?

The lowest pay for Commercial Loan Processor III is $53,958.

4. What are the responsibilities of Commercial Loan Processor III?

Processes commercial loan applications to provide financing for businesses, support timely origination, and ensure completeness and accuracy of documentation before funding. Reviews loan files to confirm revenue, cash-flow, credit history, assets, and collateral details in accordance with lending policies and regulatory standards. Communicates with borrowers, loan officers, and underwriters to obtain missing documentation and clarify application details. Prepares loan packages for underwriting review and ensures all required documents are properly organized and submitted. Maintains accurate records in loan processing systems and monitors application status to ensure timely progression through the approval process. Tracks and monitors due dates and responds to borrower inquiries. Requires a high school diploma. Typically reports to a supervisor. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience.

5. What industry pays the highest salary for Commercial Loan Processor III?

The Financial Services industry offers the highest average compensation for Commercial Loan Processor III roles, with salaries approximately 30% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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