A person working as a Loan Officer Commercial in United States of America will on average earn $85806 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $85,806.00 |
| Weekly salary | $1,650.12 |
| Daily salary | $235.08 |
| Hourly salary | $29.39 |
This means loan officer commercial salary is above average!
Job Industry: banking
Description: A loan officer in the commercial sector is responsible for evaluating, approving, and managing loans for businesses and organizations. They work closely with clients to understand their financial needs and objectives, analyze creditworthiness, and assess the risk involved in lending money. Loan officers review applications, financial statements, and credit reports to determine loan eligibility and terms. They also negotiate loan terms and conditions, ensuring compliance with regulations and company policies. Additionally, they maintain relationships with existing clients, provide advice on financial matters, and monitor loan portfolios for potential risks or opportunities. This occupation requires strong analytical skills, attention to detail, and excellent communication and customer service abilities.
Tagged with: loan officer, commercial lending, financial analysis, credit evaluation, loan management, risk assessment