Commercial Loan Closer Salary in Albany, New York

How much does a Commercial Loan Closer make in Albany, NY?

As of March 01, 2025, the average annual salary for a Commercial Loan Closer in Albany, NY is $44,720. According to Salary.com, salaries can range from a low of $35,522 to a high of $54,646, with most professionals earning between $39,905 and $49,915.

Search Commercial Loan Closer Jobs in Albany, NY

Develop a Job description

Pay Equity

2024 Compensation Trend

Benefits Consulting

Salary range for a Commercial Loan Closer

$39,905 to $49,915

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Commercial Loan Closer Salary:
Select State
Select City in NY
Choose Similar Job
Pick Related Category
View Cost of Living in Albany, New York

Facing Salary Structure Challenges? Let Our Expert Guide You

The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.

We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Commercial Loan Closer

Review the job openings and experience requirements for the Commercial Loan Closer job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Commercial Loan Closer.

Search Commercial Loan Closer Job Openings

Job Openings for Commercial Loan Closer in Albany, NY

What does a Commercial Loan Closer do?

Common responsibilities of a Commercial Loan Closer

Prepare lender reallocation spreadsheets as deals are amended, including reallocation of loan outstandings among the bank group, advise bank group of new pro-rata percentages and shares, net to/from funding amounts, and distribute to lenders in coordination with deal refinancing or amendment.

April 28, 2023

Reviews commercial loans, including government sponsored programs, according to investor guidelines, Credit Union policies, procedures, and state and federal regulations.

March 09, 2023

Order, obtain, and analyze all pertinent applicant/borrower, property/collateral, and documentation information and verifications related to the processing of complex commercial loan transactions.

March 22, 2023

Participate in Kick-off call with both Internal team members and Borrower to gain understanding of transaction at onset of process.

April 05, 2023

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Commercial Loan Closer Salary By Experience Levels in Albany, NY

How much should you be earning in Commercial Loan Closer in Albany, NY based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Commercial Loan Closer in Albany, NY

RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Commercial Loan Closer Salary By Level of Education in Albany, NY

Do you know how much should you be paid for a Commercial Loan Closer position in Albany, NY based on your education level?

Tell us about your education and see an estimate of earnings for Commercial Loan Closer in Albany, NY and well to know the impact of education on future careers.

LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Commercial Loan Closer in Albany, NY

Average Base Salary

Core compensation

39905

49915

44720

Average Total Cash Compensation

Includes base and annual incentives

41837

52409

46949

What is the average salary for Commercial Loan Closer in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Closer in Albany, NY. The base salary for Commercial Loan Closer ranges from $39,905 to $49,915 with the average base salary of $44,720. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $41,837 to $52,409 with the average total cash compensation of $46,949.

View Average Salary for Commercial Loan Closer as table

	Average Salary	Average Salary Range
Base Salary	$44,720	$39,905 - $49,915
Bonus	$2,229	$1,932 - $2,494
Total Pay	$46,949	$41,837 - $52,409

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Commercial Loan Closer Salary Near Albany, NY

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Albany, NY
CITY, STATE Schenectady, NY	AVERAGE SALARY RANGE $39,800 - $49,784	COMPARE TO Albany, NY
CITY, STATE Troy, NY	AVERAGE SALARY RANGE $39,882 - $49,886	COMPARE TO Albany, NY
CITY, STATE Nassau, NY	AVERAGE SALARY RANGE $43,220 - $54,061	COMPARE TO Albany, NY
CITY, STATE Pittsfield, MA	AVERAGE SALARY RANGE $40,136 - $50,204	COMPARE TO Albany, NY
CITY, STATE Bennington, VT	AVERAGE SALARY RANGE $39,756 - $49,729	COMPARE TO Albany, NY
CITY, STATE Poughkeepsie, NY	AVERAGE SALARY RANGE $42,343 - $52,964	COMPARE TO Albany, NY

See salaries for Commercial Loan Closer in locations close to Albany, NY. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Albany, New York

Albany (/ˈɔːlbəni/ (listen) ALL-bə-nee) is the capital of the U.S. state of New York and the seat of Albany County. Albany is located on the west bank of the Hudson River approximately 10 miles (16 km) south of its confluence with the Mohawk River and approximately 135 miles (220 km) north of New York City. Albany is known for its rich history, commerce, culture, architecture, and institutions of higher education. Albany constitutes the economic and cultural core of the Capital District of New York State, which comprises the Albany–Schenectady–Troy, NY Metropolitan Statistical Area, including ...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Commercial Loan Closer in Albany, NY

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Loan Closer	LOCATION Albany, NY	MINIMUM SALARY $46,800	MAXIMUM SALARY $59,600
JOB TITLE Loan Senior Closer	LOCATION Albany, NY	MINIMUM SALARY $52,000	MAXIMUM SALARY $66,600
JOB TITLE Sba Loan Closer	LOCATION Albany, NY	MINIMUM SALARY $47,519	MAXIMUM SALARY $59,958
JOB TITLE Mortgage Closer	LOCATION Albany, NY	MINIMUM SALARY $46,791	MAXIMUM SALARY $59,504
JOB TITLE Commercial Loan Clerk	LOCATION Albany, NY	MINIMUM SALARY $41,624	MAXIMUM SALARY $53,134
JOB TITLE Mortgage Closer, Sr.	LOCATION Albany, NY	MINIMUM SALARY $51,979	MAXIMUM SALARY $66,556

The Commercial Loan Closer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Albany, NY that might be a good fit for the type of job and salary you are looking for.

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.