How much does a Commercial Loan Processor make in the United States? The average Commercial Loan Processor salary in the United States is $49,285 as of September 26, 2022, but the range typically falls between $43,064 and $57,806. 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. 

Jobs with a similar salary range to Commercial Loan Processor : Asphalt Foreman, Broker Trainee, Cyber Crime Investigator

Based on HR-reported data: a national average with a geographic differential
25% $43,064 10% $37,400 90% $65,565 75% $57,806 $49,285 50%(Median)
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Check out Commercial Loan Processor jobs in Virginia

Loan Specialist

RP Pro Services - Ashburn, VA

Consumer Loan Processor (Hybrid)

Justice Federal Credit Union - Chantilly, VA

VP/Commercial Loan Officer

FVCBANK - Manassas, VA

Job Description for 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, or may need 0 years of experience with additional specialized training and/or certification. (Copyright 2022 Salary.com)... View full job description

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Job Openings for Commercial Loan Processor
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2021
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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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Understand the total compensation opportunity for a Commercial Loan Processor, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
43064
57806
49285

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
44530
60363
51336
These charts show 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. The base salary for Commercial Loan Processor ranges from $43,064 to $57,806 with the average base salary of $49,285. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $44,530 to $60,363 with the average total cash compensation of $51,336.
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43064
57806

 

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Skills associated with Commercial Loan Processor: Loan Processing, Quality Assurance Process, Loan Software, Inquiry Research/Response ...More

Salary estimation for Commercial Loan Processor at companies like : FS BANCORP INC, LTC PROPERTIES INC, SILVERCREST ASSET MGT

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