How Much Does a Commercial Loan Documentation Specialist Make in Illinois?

Updated December 01, 2024
As of December 01, 2024, the average annual pay of Commercial Loan Documentation Specialist in Illinois is $53,395. While Salary.com is seeing that Commercial Loan Documentation Specialist salary in IL can go up to $69,558 or down to $40,076, but most earn between $46,423 and $61,855. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Commercial Loan Documentation Specialist
Commercial Loan Documentation
$53,395
Illinois
Per Year
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Commercial Loan Specialist
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Mortgage Loan Documentation Specialist II
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Similar Job Salaries to Commercial Loan Documentation Specialist by Company

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Company average base salary in (usd) range
MARION CENTER BANK
Commercial Loan Documentation/Credit Specialist
$55,127/yr
$46,248
$64,006
RANGE: $46,248 - $64,006
U.S. Bank National Association
Commercial Lending Loan Documentation Specialist
$63,954/yr
$54,440
$73,467
RANGE: $54,440 - $73,467
Pan American Bank & Trust
Senior Commercial Loan Closing Specialist
$127,412/yr
$105,666
$149,159
RANGE: $105,666 - $149,159
Providence Bank & Trust
Loan Documentation Specialist(Commercial/Commercial Real Estate)
$57,858/yr
$49,866
$65,849
RANGE: $49,866 - $65,849
Messina Group
Documentation Specialist
$74,616/yr
$64,096
$85,137
RANGE: $64,096 - $85,137
Select Source International
Documentation Specialist
$55,094/yr
$47,287
$62,901
RANGE: $47,287 - $62,901
U.S. Bank National Association
Commercial Lending Dealer Loan Documentation Specialist
$92,155/yr
$76,084
$108,226
RANGE: $76,084 - $108,226
SSI
Documentation Specialist (WMS)
$72,418/yr
$64,748
$80,087
RANGE: $64,748 - $80,087
US Tech Solutions
Contract Documentation Specialist I
$77,351/yr
$67,345
$87,358
RANGE: $67,345 - $87,358

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Top 10 Highest Paying Cities For Commercial Loan Documentation Specialist 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 Specialist 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 Specialist job salaries in Illinois. Some cities can pay higher salaries for Commercial Loan Documentation Specialist jobs, which can indicate that there is a large demand for Commercial Loan Documentation Specialist positions in this city.
The following table shows top 10 cities where the Commercial Loan Documentation Specialist salary is higher than other cities in Illinois. Chicago takes first place in this list, followed by Cicero, Evanston. The Commercial Loan Documentation Specialist salary is $54,752 in Chicago, which is higher than the national average. There are 20 cities' Commercial Loan Documentation Specialist salary higher than national average in Illinois.
The average salary for a Commercial Loan Documentation Specialist in Illinois is $53,395, but we found that the city with the highest salary for Commercial Loan Documentation Specialist jobs is Chicago, IL, and it is higher than Cicero. Commercial Loan Documentation Specialist 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 $54,752 $4,563 $1,053 $26
Cicero $54,752 $4,563 $1,053 $26
Evanston $54,752 $4,563 $1,053 $26
Oak Park $54,752 $4,563 $1,053 $26
Skokie $54,752 $4,563 $1,053 $26
Oak Lawn $54,700 $4,558 $1,052 $26
Des Plaines $54,595 $4,550 $1,050 $26
Mount Prospect $54,543 $4,545 $1,049 $26
Aurora $54,282 $4,524 $1,044 $26
Hoffman Estates $54,282 $4,524 $1,044 $26

What Does a Commercial Loan Documentation Specialist Do?

Commercial Loan Doc Specialist/Closer (REMOTE Flexible) This Jobot Job is hosted by: Sam Maldonado Are you a fit? Easy Apply now by clicking the "Apply Now" button and sending us your resume.
Updated September 25, 2021
WSFS Bank is currently seeking a Senior Commercial Loan Documentation Specialist The Senior Commercial Loan Documentation Specialist will prepare documentation and support the closing needs of a di.
Updated November 09, 2021
BCforward is currently seeking highly motivated Loan Specialist-Expert, Location: New Castle, DE We place consultants for end clients all over USA.
Updated November 04, 2021
A commercial loan documentation specialist handles the entire process of securing a loan for business accounts, from the application to the transaction to closing.
Updated October 22, 2021
Qualifications needed for a career as a commercial loan documentation specialist include at least a bachelor’s degree in a finance related field.
Updated October 14, 2021

Frequently Asked Questions About a Commercial Loan Documentation Specialist Salaries

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

The Commercial Loan Documentation Specialist salary range is from $46,423 to $61,855, and the average Commercial Loan Documentation Specialist salary is $53,395/year in Illinois. The Commercial Loan Documentation Specialist's salary will change in different locations.

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

The Commercial Loan Documentation Specialist salary in San Jose, CA is $65,504 which is the highest in the US.

What kinds of reasons will influence the Commercial Loan Documentation Specialist'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 Specialist.

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

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