As of April 01, 2025, the average annual salary for a Commercial Loan Processor in Troy, MI is $69,066. Salary.com reports that pay typically ranges from $62,848 to $76,714, with most professionals earning between $57,186 and $83,676.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $76,991 | $6,416 | $1,481 | $37 |
| Average | $69,316 | $5,776 | $1,333 | $33 |
| 25th Percentile | $63,075 | $5,256 | $1,213 | $30 |
An entry-level Commercial Loan Processor with under 1 year experience makes about $65,540. With less than 2 years of experience, a mid-level Commercial Loan Processor makes around $66,004. After 2-4 years, the Commercial Loan Processor pay rises to about $69,865. Those senior Commercial Loan Processor with 5-8 years of experience earn roughly $75,002, and those Commercial Loan Processor having 8 years or more experience are expected to earn about $75,344 on average.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Processor | $65,540 |
| Intermediate Level Commercial Loan Processor | $66,004 |
| Senior Level Commercial Loan Processor | $69,865 |
| Specialist Level Commercial Loan Processor | $75,002 |
| Expert Level Commercial Loan Processor | $75,344 |
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 1% |
| Top Level | 8% |
| Experienced | 9% |
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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.
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.
General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.
Employee Assistance Programs: Assisting employees with work-related problems that may impact their job performance, health, mental and emotional well-being.
| Skill | Salary | Demand |
|---|---|---|
|
Motivating
|
$98,765 |
43%
|
|
Commercial Banking
|
$82,189 |
19%
|
|
Underwriting
|
$81,498 |
18%
|
|
Leadership
|
$80,808 |
17%
|
|
Analysis
|
$78,736 |
14%
|
|
Economics
|
$78,736 |
14%
|
