How much does a Commercial Loan Processor make in the United States? The average Commercial Loan Processor salary in the United States is $47,525 as of July 28, 2021, but the range typically falls between $41,529 and $55,741. 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. 

Based on HR-reported data: a national average with a geographic differential
25% $41,529 10% $36,069 90% $63,220 75% $55,741 $47,525 50%(Median)
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Check out Commercial Loan Processor jobs in Virginia

Mortgage Loan Processor

StraussGroup - Executive Search Consultants - Annandale, VA

Loan Processor

Buckingham Mortgage - Arlington, VA

Mortgage Loan Processor

CyberCoders - Harrisonburg, 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 2021 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 2020
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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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Average Base Salary

Core compensation

 
 
 
41529
55741
47525

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
42938
58202
49509
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 $41,529 to $55,741 with the average base salary of $47,525. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $42,938 to $58,202 with the average total cash compensation of $49,509.
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41529
55741

 

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

Salary estimation for Commercial Loan Processor at companies like : FS BANCORP INC, HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC

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