All About Careers
  • Looking for a Job
    • Resume Builder
    • Best Templates & Resume Example
    • Recommendation Letter Template
  • Student Finance
    • How Old To Open A Bank Account
    • Pay FAFSA Back
    • Pay Back Grants
    • Transfer Money From EDD Card to a Bank Account
    • Transfer Money to Your Daughter Day
    • Add Money to Robinhood Without a Bank Account
    • Get Money From Venmo Without Bank Account
    • $50 000 Loan 10 Years
  • Student loans
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Bad Credit Loans Urban BCL
    • Increase Total Loan Balance
    • Student Loans Affect Credit Score
    • Reduce Total Loan Cost
    • Pay student loan 529
    • Paying Off Student Loans Help Credit Score
  • Job Opportunities
    • Kohl’s Job Application
    • Baskin Robbins Application
    • Subway Applications
    • Aldi Application
  • Job Profiles
    • Physiologist
    • Golf Caddy
    • Environmental Consultant
    • Ecologist
    • Banker
    • Marine Engineer
    • Brand Consultant
    • Media Buyer
    • Visual Merchandiser
No Result
View All Result
  • Looking for a Job
    • Resume Builder
    • Best Templates & Resume Example
    • Recommendation Letter Template
  • Student Finance
    • How Old To Open A Bank Account
    • Pay FAFSA Back
    • Pay Back Grants
    • Transfer Money From EDD Card to a Bank Account
    • Transfer Money to Your Daughter Day
    • Add Money to Robinhood Without a Bank Account
    • Get Money From Venmo Without Bank Account
    • $50 000 Loan 10 Years
  • Student loans
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Bad Credit Loans Urban BCL
    • Increase Total Loan Balance
    • Student Loans Affect Credit Score
    • Reduce Total Loan Cost
    • Pay student loan 529
    • Paying Off Student Loans Help Credit Score
  • Job Opportunities
    • Kohl’s Job Application
    • Baskin Robbins Application
    • Subway Applications
    • Aldi Application
  • Job Profiles
    • Physiologist
    • Golf Caddy
    • Environmental Consultant
    • Ecologist
    • Banker
    • Marine Engineer
    • Brand Consultant
    • Media Buyer
    • Visual Merchandiser
No Result
View All Result
All About Careers
No Result
View All Result

How much does a Commercial Loan Officer make?

Commercial loan officers tend to have good salaries

by Maria Laura
27 June, 2022
in Student loans
0
How much does a Commercial Loan Officer make?

Effective June 17, 2022, a U.S. A commercial Loan Officer has a salary of $92,442 per year as provided by law. The hourly wage can be approximately $44.44.

A commercial loan officer is an employee of a financial institution responsible for assisting businesses with which the bank has agreements. The purpose is to provide them with the necessary funds for their growth or expansion.

Salary

As mentioned before, commercial loan officers have a salary of $92,442. However, it also depends on the entity they work with. The average remains at $62,377; some can generate up to $93,000 annually.

The commercial officer with the lowest salary earns an average of $41,000 per year. The variation in salaries changes according to the officer’s experience and the city where they are located. Barnstable Town, MA, Sunnyvale, Santa Cruz, and CA are the cities with the highest salaries. Salaries may be as follows:

City

annual Monthly payment Weekly pay

Hourly wage

Ciudad de Barnstable, MA $109,387 $9,116 $2,104 $52.59
Sunnyvale, CA $109,244 $9,104 $2,101 $52.52
Santa Cruz, California $106,710 $8,892 $2,052 $51.30
Santa Rosa, California $106,543 $8,879 $2,049 $51.22
Manhattan, Nueva York $105,553 $8,796 $2,030 $50,75
Cambridge, MA $102,671 $8,556 $1,974 $49.36
Arlington, VA $101,582 $8,465 $1,954 $48.84
San Mateo, California $101,098 $8,425 $1,944 $48.60
Ciudad de Nueva York, Nueva York $100,951 $8,413 $1,941 $48.53
Williston, Dakota del Norte $100,770 $8,397 $1,938 $48.45

Get to know what a commercial loan officer is

When you need capital to invest in your business, you almost always have to talk to a commercial loan officer. They are part of the bank’s staff and verify whether you qualify for loans.

Check ➤  Which car companies are offering 0 financing?

In addition, they are the workers in charge of advising you on loan packages and helping you with your loan repayment plans once you have them. They are responsible for investigating your credit before approving any loan.

Companies are usually careful not to get on the bad side of commercial loan officers because they often initiate foreclosure proceedings when they cannot make loan payments.

The responsibilities of a commercial loan officer

For some people, the salary of a commercial loan officer is higher than you would think; however, their duties are more than you would imagine. As we have said, they typically work with financial institutions.

They are responsible for making decisions and applying critical thinking during the review of important documents on the financial status of loan applicants. Experts must examine each application and verify that they have the right profile to receive the economic benefit.

The professionals are the ones who evaluate whether a company can meet the loan payments or not; in addition, they can take legal action against companies that do not comply.

Click to rate!
[Total: Average: ]
Related posts:
  1. How To Get a $50 000 Loan Payment For 10 Years?
  2. What is the monthly payment on a $200,000 mortgage?
  3. Learn about the loans that offer the lowest interest rates
  4. When does H&R Block issue the Christmas loans?
  5. Is it possible to get a $200 loan with bad credit?
  6. Where does the word mortgage come from?
  7. How much do mortgage lenders make?
  8. How to Refinance a TimeShare?
Previous Post

How many times can you Refinance a Car?

Next Post

Indiana Income Tax Rate

No Result
View All Result

Contents

  • 1 Salary
  • 2 Get to know what a commercial loan officer is
  • 3 The responsibilities of a commercial loan officer

Categories

  • Accounting
  • Apple Pay
  • Apprenticeships
  • Canceling
  • Career Industry
  • Career Path
  • Cash-app
  • Chime
  • College
  • Comparative
  • Courses
  • Cover Letter
  • Credit Card
  • Degree
  • DoorDash
  • Escrow
  • Insurance
  • Internships
  • Investing
  • Job Profiles
  • Looking for a Job
  • Paypal
  • Postgraduate
  • Rankings
  • Reviews
  • Scholarships
  • Self Employment
  • Social Security
  • Student Discount
  • Student Finance
  • Student loans
  • Taxes
  • UCAS
  • University
  • Usaa
  • Venmo
  • Work experience
  • Zelle

Student Finance:

  • How to get money off netspend account without card
  • Why cant i open a chime account
  • How to transfer from crypto com to bank account
  • Chime cash advance
  • Does publix cash checks
  • Pay later apps

Looking for a Tax Attorney?

  • Tax Attorney Near Me
  • Tax Attorney Los Angeles
  • Tax Attorney Maryland
  • Tax Attorney California

Insurance:

  • Home insurance claim adjuster secret tactics
  • Insurance subscriber number
  • State farm id card
  • Ct scan cost with insurance
  • Benefits for green card holders over 65

Student Loans:

  • $50 000 loan payment for 10 years
  • Average credit score by age
  • $200 000 mortgage payment 30 years
  • How much is the mortgage on a million dollar home
  • Mortgage underwriter salary

Credit Cards:

  • Thd/cbna credit card
  • Goody’s credit card online payment
  • Shell credit card payment
  • Iddeal credit card
  • Victoria secret pay credit card
  • CONTACT
  • TERMS & CONDITIONS
  • PRIVACY POLICY & GDPR COMPLIANCE STATEMENT
  • COOKIE POLICY

© 2004 - 2022 allaboutcareers.com

No Result
View All Result
  • Looking for a Job
    • Resume Builder
    • Best Templates & Resume Example
    • Recommendation Letter Template
  • Student Finance
    • How Old To Open A Bank Account
    • Pay FAFSA Back
    • Pay Back Grants
    • Transfer Money From EDD Card to a Bank Account
    • Transfer Money to Your Daughter Day
    • Add Money to Robinhood Without a Bank Account
    • Get Money From Venmo Without Bank Account
    • $50 000 Loan 10 Years
  • Student loans
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Bad Credit Loans Urban BCL
    • Increase Total Loan Balance
    • Student Loans Affect Credit Score
    • Reduce Total Loan Cost
    • Pay student loan 529
    • Paying Off Student Loans Help Credit Score
  • Job Opportunities
    • Kohl’s Job Application
    • Baskin Robbins Application
    • Subway Applications
    • Aldi Application
  • Job Profiles
    • Physiologist
    • Golf Caddy
    • Environmental Consultant
    • Ecologist
    • Banker
    • Marine Engineer
    • Brand Consultant
    • Media Buyer
    • Visual Merchandiser

© 2004 - 2022 allaboutcareers.com