Commercial Real Estate Loan Officer I Salary in Chicopee, Massachusetts

Commercial Real Estate Loan Officer I Salary in Chicopee, MA

How much does a Commercial Real Estate Loan Officer I make in Chicopee, MA? The average Commercial Real Estate Loan Officer I salary in Chicopee, MA is $91,988 as of August 27, 2024, but the range typically falls between $77,688 and $109,428. 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. 

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Commercial Real Estate Loan Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Real Estate Loan Officer I Salary $64,668 Chicopee,MA August 27, 2024
25th Percentile Commercial Real Estate Loan Officer I Salary $77,688 Chicopee,MA August 27, 2024
50th Percentile Commercial Real Estate Loan Officer I Salary $91,988 Chicopee,MA August 27, 2024
75th Percentile Commercial Real Estate Loan Officer I Salary $109,428 Chicopee,MA August 27, 2024
90th Percentile Commercial Real Estate Loan Officer I Salary $125,306 Chicopee,MA August 27, 2024
25% $77,688 10% $64,668 90% $125,306 75% $109,428 $91,988 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Real Estate Loan Officer I need?

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.

Customer Relationship: Customer relations is the company-wide process of nurturing positive relationships with your customers . It helps you connect with your customers on a much more personal level and create a sense of mutual understanding with them.

3.

Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

See More Skills
Customer Service 6.2%
Customer Relationship 2.47%
Pricing 1.41%
Others 89.92%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Commercial Real Estate Loan Officer I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Microsoft Office, you can get a 8% salary raise. If you are good at Problem Solving, your salary will increase by 7%. If you are expert in Financial Statements, your salary will rise by 2%.
Skill Salary Demand
Microsoft Office
 $99,347
8%
Problem Solving
 $98,427
7%
Financial Statements
 $93,828
2%
Written Communication
 $92,908
1%
Attention to Detail
 $91,988
0%
Attention to Detail
 $91,988
0%
Get Latest Data
Last Updated on August 27, 2024

What Should I Pay?

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Job Description for Commercial Real Estate Loan Officer I

Commercial Real Estate Loan Officer I solicits, structures, and services a variety of commercial real estate loans. Works mostly with moderately large and complex real estate loans including investments, development, and construction loans. Being a Commercial Real Estate Loan Officer I evaluates loan applicants and reviews appraisals, credit reports, and other information necessary to evaluate deals. Develops and maintains relationships and communication with current and potential borrowers. Additionally, Commercial Real Estate Loan Officer I coordinates with credit analysts to ensure the accuracy and completeness of loan analysis and documentation. Requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Commercial Real Estate Loan Officer I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Real Estate Loan Officer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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

Job Openings for Commercial Real Estate Loan Officer I in Chicopee, MA

Career Path for Commercial Real Estate Loan Officer I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Commercial Real Estate Loan Officer I, the upper level is Commercial Real Estate Loan Officer II and then progresses to Commercial Real Estate Lending Assistant Manager.

Commercial Real Estate Loan Officer I
Commercial Real Estate Loan Officer II
Commercial Real Estate Lending Assistant Manager
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC PROPERTIES INC
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's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2023
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Commercial Real Estate Loan Officer I Pay Difference by Location

Commercial Real Estate Loan Officer I salary varies from city to city. Compared with national average salary of Commercial Real Estate Loan Officer I, the highest Commercial Real Estate Loan Officer I salary is in San Francisco, CA, where the Commercial Real Estate Loan Officer I salary is 25.0% above. The lowest Commercial Real Estate Loan Officer I salary is in Miami, FL, where the Commercial Real Estate Loan Officer I salary is 3.5% lower than national average salary.

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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Commercial Real Estate Loan Officer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
77688
109428
91988

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
83436
131711
104099
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Real Estate Loan Officer I in Chicopee, MA. The base salary for Commercial Real Estate Loan Officer I ranges from $77,688 to $109,428 with the average base salary of $91,988. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $83,436 to $131,711 with the average total cash compensation of $104,099.
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Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

77688
109428

 

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About Chicopee, Massachusetts    Chicopee is located at 42°10′13″N 72°35′19″W / 42.17028°N 72.58861°W / 42.17028; -72.58861 (42.170159, -72.588630). The city is made up of several ....More

Chicopee, Massachusetts  area prices were up 1.6% from a year ago    View the Cost of Living in Chicopee, Massachusetts

Commercial Real Estate Loan Officer I Salary in popular cities: Boston, Worcester, Springfield

Skills associated with Commercial Real Estate Loan Officer I: Lending Regulatory Compliance, Banking Software, Real Estate Appraisal Report, Commercial Customer Development ...More

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