How much does a Commercial Loan Officer IV make hourly at companies like MANHATTAN BRIDGE CAPITAL INC in the United States? The average hourly wage for a Commercial Loan Officer IV at companies like MANHATTAN BRIDGE CAPITAL INC in the United States is $67 as of March 26, 2024, but the range typically falls between $57 and $75. Hourly rate 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. View the Cost of Living in Major Cities
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Commercial Loan Officer IV solicits and services a variety of large and complex commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer IV approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer IV adheres to all regulatory requirements and internal risk and operating policies and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Commercial Loan Officer IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Commercial Loan Officer IV typically requires 7+ years of related experience. (Copyright 2024 Salary.com)
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Core compensation
Includes base and short-term incentives
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