How Much Does a Commercial Loan Documentation Make in Illinois?

Updated March 26, 2024
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Individually reported data submitted by users of our website

Low Confidence
$52,411/yr
Average Base Pay
Low $45,236
Average $52,411
High $60,820
The average salary for Commercial Loan Documentation is $52,411 per year in Illinois.

Related Job Titles to Commercial Loan Documentation

Commercial Loan Documentation Specialist
$52,411
Illinois
Per Year
Commercial Loan Processor
$52,909
Illinois
Per Year
Loan Documentation Specialist
$53,439
Illinois
Per Year
Commercial Real Estate Loan Officer I
$89,164
Illinois
Per Year

Similar Job Salaries to Commercial Loan Documentation by Company

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Company average base salary in (usd) range
BankFinancial
Commercial Loan Documentation Specialist [Full-Time]
$92,444/yr
$78,096
$106,791
RANGE: $78,096 - $106,791
Marine Bank
Loan Documentation Specialist--Insurance
$47,003/yr
$40,711
$53,295
RANGE: $40,711 - $53,295
Marine Bank
Loan Documentation Specialist
$57,609/yr
$48,992
$66,226
RANGE: $48,992 - $66,226
First Mid
Commercial Loan Processor
$53,269/yr
$45,236
$61,302
RANGE: $45,236 - $61,302
Warren-Boynton State Bank
Commercial/Agriculture Loan Officer
$85,923/yr
$72,069
$99,778
RANGE: $72,069 - $99,778
CNB Bank and Trust, N.A.
Commercial/Agricultural Loan Officer
$114,998/yr
$94,568
$135,428
RANGE: $94,568 - $135,428
First American Bank
Commercial Loan Relationship Manager
$169,422/yr
$137,025
$201,819
RANGE: $137,025 - $201,819
MidAmerica National Bank
Commercial Loan Servicing Specialist
$68,212/yr
$57,709
$78,715
RANGE: $57,709 - $78,715
Bank of Hillsboro, N.A.
Commercial/Ag Loan Officer
$134,127/yr
$107,823
$160,430
RANGE: $107,823 - $160,430

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Top 10 Highest Paying Cities For Commercial Loan Documentation Jobs in Illinois

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Commercial Loan Documentation can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Commercial Loan Documentation job salaries in Illinois. Some cities can pay higher salaries for Commercial Loan Documentation jobs, which can indicate that there is a large demand for Commercial Loan Documentation positions in this city.
The following table shows top 10 cities where the Commercial Loan Documentation salary is higher than other cities in Illinois. Chicago takes first place in this list, followed by Cicero, Evanston. The Commercial Loan Documentation salary is $53,743 in Chicago, which is higher than the national average. There are 20 cities' Commercial Loan Documentation salary higher than national average in Illinois.
The average salary for a Commercial Loan Documentation in Illinois is $52,411, but we found that the city with the highest salary for Commercial Loan Documentation jobs is Chicago, IL, and it is higher than Cicero. Commercial Loan Documentation jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Chicago $53,743 $4,479 $1,034 $26
Cicero $53,743 $4,479 $1,034 $26
Evanston $53,743 $4,479 $1,034 $26
Oak Park $53,743 $4,479 $1,034 $26
Skokie $53,743 $4,479 $1,034 $26
Oak Lawn $53,692 $4,474 $1,033 $26
Des Plaines $53,589 $4,466 $1,031 $26
Mount Prospect $53,538 $4,462 $1,030 $26
Aurora $53,436 $4,453 $1,028 $26
Hoffman Estates $53,180 $4,432 $1,023 $26

What Does a Commercial Loan Documentation Do?

This specialized guide covers the full spectrum of loan documentation and includes forms, checklists, and useful hints for both borrowers and lenders.
Updated October 14, 2021
This fast-paced seminar will focus on the purpose, use and content of the six core commercial loan documents: the promissory note, the loan agreement, the security agreement, the guaranty, the letter of credit and the subordination/intercreditor agreement.
Updated December 19, 2021
KPI for banks to measure the division between the total dollar amount of commercial loans managed, also known as “outstanding” loans, by the bank at a certain point in time and the number of commercial loan officers working for the bank.
Updated December 16, 2021
That said, if you want to get a jump on the process, consider pulling the following commercial loan documentation:.
Updated December 16, 2021
For commercial loans involving real estate, whether you’re buying property or doing a renovation, lenders are looking to see a lot more paperwork regarding ownership, insurance, and more.
Updated December 15, 2021

Frequently Asked Questions About a Commercial Loan Documentation Salaries

What is the average of a Commercial Loan Documentation in Illinois?

The Commercial Loan Documentation salary range is from $45,236 to $60,820, and the average Commercial Loan Documentation salary is $52,411/year in Illinois. The Commercial Loan Documentation's salary will change in different locations.

Which location pays the highest Commercial Loan Documentation salary in the United States?

The Commercial Loan Documentation salary in San Jose, CA is $64,297 which is the highest in the US.

What kinds of reasons will influence the Commercial Loan Documentation's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Commercial Loan Documentation.

What is the growth rate of the Commercial Loan Documentation's salary?

If you are thinking of becoming a Commercial Loan Documentation or planning the next step in your career, find the detailed salary report of a Commercial Loan Documentation.