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What is the salary range of Commercial Loan Processor?

As of December 01, 2024, the average annual pay of Commercial Loan Processor in the United States is $52,668. While Salary.com is seeing that Commercial Loan Processor salary in the US can go up to $69,874 or down to $40,553, but most earn between $46,326 and $61,674. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Processor in the United States.

Commercial Loan Processor Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $61,674 $5,140 $1,186 $30
Average $52,668 $4,389 $1,013 $25
25th Percentile $46,326 $3,861 $891 $22

Average Salary

25% $46,326 10% $40,553 90% $69,874 75% $61,674 $52,668 50%(Median) Didn’t find job title? Click
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What is the hourly and monthly salary as a Commercial Loan Processor?

As of December 01, 2024, the average hourly salary is $25 (range: $19 to $34); the average monthly salary is $4,389 (range: $3,379 to $5,823).

Click the switch button below to see weekly and yearly salary of a Commercial Loan Processor.

Last Updated on December 01, 2024
Last Updated on December 01, 2024

What are the salaries of Commercial Loan Processor with different levels of experience?

As of December 01, 2024, Salary.com is seeing that an entry-level Commercial Loan Processor with under 1 year experience makes about $48,837. With less than 2 years of experience, a mid-level Commercial Loan Processor makes around $49,308. After 2-4 years, the Commercial Loan Processor pay rises to about $53,354. Those senior Commercial Loan Processor with 5-8 years of experience earn roughly $59,376, and those Commercial Loan Processor having 8 years or more experience is expected to earn about $59,778 on average.

Levels Salary
Entry Level Commercial Loan Processor $48,837
Intermediate Level Commercial Loan Processor $49,308
Senior Level Commercial Loan Processor $53,354
Specialist Level Commercial Loan Processor $59,376
Expert Level Commercial Loan Processor $59,778
$48,837 0 yr
$49,308 < 2 yrs
$53,354 2-4 yrs
$59,376 5-8 yrs
$59,778 > 8 yrs
Last Updated on December 01, 2024
Entry Level 7%
Mid Level 6%
Senior Level 1%
Top Level 13%
Experienced 13%
View as graph
Last Updated on December 01, 2024

How much does salary of Commercial Loan Processor vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of December 01, 2024, the average yearly salary of Commercial Loan Processor in San Francisco, CA is $65,834 and in New York, NY, the average annual salary goes to $61,516. While a Commercial Loan Processor earns $59,040 per year in Boston, MA.

What is the salary trend of Commercial Loan Processor?

For those exploring the changing dynamics of Commercial Loan Processor salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of December 01, 2024, our research highlights a notable shift in Commercial Loan Processor compensation over the past six years. For instance, the median salary has moved from $45,227 in 2023 to about $45,351 in 2024 (for a comprehensive analysis of Commercial Loan Processor salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Commercial Loan Processor Over Time

2020
$???
2021
$???
2022
$???
$45,227
2023
$45,351
2024
$45,169
2025
2026
$???
Last Updated on December 01, 2024
2020
$???
2021
$???
2022
$???
2023
$45,227
2024
$45,351
2025
$45,169
2026
$???
Last Updated on December 01, 2024

Commercial Loan Processor Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $45,227
2024 $45,351
2025 $45,169
2026 View More
Last Updated on December 01, 2024

Job Openings of Commercial Loan Processor

Salary.com job board provides millions of Commercial Loan Processor information for you to search for. Click on search button below to see Commercial Loan Processor job openings or enter a new job title here.

Most Common Benefits for Commercial Loan Processor

Based on HR-reported data: a national average with a geographic differential
Base Salary 67.9%
Bonuses 2.5%
Social Security 5.4%
401k/403b 3.3%
Disability 0.6%
Healthcare 7.8%
Pension 3.9%
Time Off 8.7%
Core Compensation
Core Compensation Median % of Total
Base Salary $52,668 67.9%
Bonus $1,949 2.5%
Value of Benefits
Core Compensation Median % of Total
Social Security $4,178 5.4%
401K/403B $2,567 3.3%
Disability $437 0.6%
Healthcare $6,056 7.8%
Pension $3,004 3.9%
Time Off $6,722 8.7%
Total Compensation $77,580 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on December 01, 2024

What are the salaries of a Commercial Loan Processor with different levels of education?

Salaries for Commercial Loan Processor with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Commercial Loan Processor with a High School Diploma or Technical Certificate is $49,874 - $53,756. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Commercial Loan Processor Salaries by Degree Level

Last Updated on December 01, 2024
Typical Education for Commercial Loan Processor
Degree Level % of user with this level of education
No Diploma 1.7%
High School 32.2%
Associates 22.0%
Bachelors 37.3%
Masters 5.9%
Doctorate 0.8%
Typical Education for Commercial Loan Processor
No Diploma 1.7%
High School 32.2%
Associates 22.0%
Bachelors 37.3%
Masters 5.9%
Doctorate 0.8%
view as table

Commercial Loan Processor Salaries by Degree Level

Last Updated on December 01, 2024

What Am I Worth?

FAQ about Commercial Loan Processor

1. What is the average salary of a Commercial Loan Processor?

The average annual salary of Commercial Loan Processor is $52,668. In case you are finding an easy salary calculator, the average hourly pay of Commercial Loan Processor is $25; the average weekly pay of Commercial Loan Processor is $1,013; the average monthly pay of Commercial Loan Processor is $4,389.

2. Where can a Commercial Loan Processor earn the most?

A Commercial Loan Processor'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 earns the most in San Jose, CA, where the annual salary of a Commercial Loan Processor is $66,098.

3. What is the highest pay for Commercial Loan Processor?

The highest pay for Commercial Loan Processor is $69,874.

4. What is the lowest pay for Commercial Loan Processor?

The lowest pay for Commercial Loan Processor is $40,553.

5. What are the responsibilities of Commercial Loan Processor?

Commercial Loan Processor performs administrative tasks for commercial loan processing. Coordinates with lenders, customers, and external vendors to collect and prepare all required documentation for closings. Being a Commercial Loan Processor ensures that loan packages are complete, and documentation correctly prepared within required timelines. Inputs and maintains all required transaction and processing records according to procedures. Additionally, Commercial Loan Processor responds to inquiries. Prepares required regulatory reporting. May require an associate degree. Typically reports to a supervisor. The Commercial Loan Processor works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Commercial Loan Processor typically requires 1-3 years of related experience.

6. What are the skills of Commercial Loan Processor

Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.)

Customer Service: 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.

2.)

General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.

3.)

Employee Assistance Programs: Assisting employees with work-related problems that may impact their job performance, health, mental and emotional well-being.

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Commercial Loan Processor is $52,668 per year in the United States, updated at December 01, 2024.
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