Commercial Loan Specialist Salaries in the United States
How Much Does a Commercial Loan Specialist Make?
Updated November 27, 2023
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- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
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- Kentucky
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- Maryland
- Maine
- Michigan
- Minnesota
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Individually reported data submitted by users of our website
Normal Confidence
$47,993/yr
Average Base Pay
Low $42,704
Average $47,993
High $52,964
The average salary for Commercial Loan Specialist is $47,993 per year in the United States.
Related Job Titles to Commercial Loan Specialist
Similar Job Salaries to Commercial Loan Specialist by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Saugatuck Funding
Commercial Loan Intake Specialist
|
$36,742/yr
|
RANGE: $31,884 - $41,600
|
|
State Bank of Texas
Commercial Loan Servicing Specialist
|
$49,448/yr
|
RANGE: $43,909 - $54,987
|
|
PlainsCapital Bank
Commercial Loan Operations Specialist
|
$62,853/yr
|
RANGE: $51,660 - $74,046
|
|
Umpqua Bank
Commercial Loan Support Specialist
|
$49,652/yr
|
RANGE: $42,846 - $56,458
|
|
Devcare Solutions
Commercial Loan Specialist
|
$90,691/yr
|
RANGE: $80,863 - $100,518
|
|
Washington Trust Bank
Commercial Loan Servicing Specialist
|
$46,473/yr
|
RANGE: $40,112 - $52,834
|
|
RP Pro Services
Commercial Loan Specialist
|
$74,218/yr
|
RANGE: $65,151 - $83,285
|
|
First State Bank & Trust
Commercial Loan Administration Specialist
|
$108,446/yr
|
RANGE: $93,684 - $123,207
|
|
First Utah Bank
Commercial Loan Operations Specialist
|
$55,124/yr
|
RANGE: $48,452 - $61,797
|
What Does a Commercial Loan Specialist Do?
Once a loan candidate has been assessed, the commercial loan officer will recommend approval or disapproval of the loan application based on the information provided by the business and the data they uncover during the application process.
Updated December 20, 2021
– while commercial loan officers make their decisions based on what they see on paper, customer service is still a big part of the job because they often meet with applicants face to face.
Updated December 20, 2021
The financial industry is always changing, and commercial loan officers are always learning new technologies and strategies.
Updated December 17, 2021
Commercial loan officers work in credit unions, commercial banks, mortgage companies, and financial institutions of all types.
Updated December 17, 2021
As a commercial loan processor, you confirm receipt of the application, enter information into the lender’s database, and mail required disclosures and other documentation to the applicant.
Updated December 17, 2021
Frequently Asked Questions About a Commercial Loan Specialist Salaries
What is the average of a Commercial Loan Specialist in the United States?
The Commercial Loan Specialist salary range is from $42,704 to $52,964, and the average Commercial Loan Specialist salary is $47,993/year in the United States.
The Commercial Loan Specialist's salary will change in different locations.
Which location pays the highest Commercial Loan Specialist salary in the United States?
The Commercial Loan Specialist salary in San Jose, CA is $60,231
which is the highest in the US.
What kinds of reasons will influence the Commercial Loan 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 Specialist.
What is the growth rate of the Commercial Loan Specialist's salary?
If you are thinking of becoming a Commercial Loan Specialist or planning the next step in your career, find the detailed salary report of a Commercial Loan Specialist.
Recent Salary Report
Below are the most recent Commercial Loan Specialist salary reports. Employer name has been removed to protect anonymity.
$56,535
Yearly
A Commercial Loan Specialist in Potomac, MD reported making $56,535 per year
Potomac, MD
6 - 1,000 employees
Full-Time
Company - Private
$26
Hourly
A Commercial Loan Specialist in Huntington Beach, CA reported making $26 per hour
Huntington Beach, CA
7,6 - 15,000 employees
Part-Time
Company - Public
$26
Hourly
A Commercial Loan Specialist in Saco, ME reported making $26 per hour
Saco, ME
3,000 - 7,6 employees
Part-Time
Company - Public
$41,088
Yearly
A Commercial Loan Specialist in Plymouth, MA reported making $41,088 per year
Plymouth, MA
100 - 200 employees
Full-Time
Company - Private
$55,583
Yearly
A Commercial Loan Specialist in Pascagoula, MS reported making $55,583 per year
Pascagoula, MS
200 - 6 employees
Full-Time
Company - Private
$3,779
Monthly
A Commercial Loan Specialist in Tuscaloosa, AL reported making $3,779 per month
Tuscaloosa, AL
1,000 - 3,000 employees
Full-Time
Company - Public
