Commercial Loan Officer Salary Reddit

You have to be disciplined and make the most out of your down time if you sit and wait for your phone to ring you wont make much money though thats the same with any sales job. In addition to specializing in providing correspondent banking products and services to community banks we also provide bank holding company loans commercial lending leasing secondary mortgage products cash letterWe are seeking a Commercial Loan Support Specialist.

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Salary ranges can vary widely depending on the city and many other important factors including education certifications additional skills the number of years you have spent in.

Commercial loan officer salary reddit. I do have contacts in the real estate realtor side as well. People on the lower end of that spectrum the bottom 10 to be exact make roughly 37000 a year while the top 10 makes 95000. The total cash compensation which includes base and annual incentives can vary.

First National Bank of America Commercial Loan Officer salaries - 3 salaries reported. Just in case you need a simple salary calculator that works out to be approximately 3123 an hour. The average Entry Commercial Loan Officer salary in South Carolina is 63000 as of May 27 2021 but the salary range typically falls between 54900 and 71300.

My base is about 50k and I typically earn another 60-75k in commission. Commercial Loan Officer Salary. A Commercial Loan Officer in your area makes on average 89480 per year or 4914 5 less than the national average annual salary of 94394.

Keep in mind that salary ranges can vary widely depending on many important factors including. I have an MBA but still learned a ton as an analyst. I work 40 hours a week.

As most things go location can be critical. Ive been an LO for about a year now. This is the equivalent of 1249week or 5412month.

The range for our most popular Commercial Loan Officer positions listed below typically falls between 57030 and 398541. These charts show the average base salary core compensation as well as the average total cash compensation for the job of Commercial Loan Officer III in the United States. For me it was pretty boring but you really learn a lot.

American Bank Commercial Loan Officer salaries - 3 salaries reported. I also agree that to do commercial lending and do it well you would definitely benefit from spending time as a credit analyst first. The average Commercial Loan Officer I salary in Arkansas is 62085 as of June 28 2021 but the range typically falls between 54130 and 70362.

On the upside my position pays very well. Commercial loan officers in the United States make an average salary of 60150 per year or 2892 per hour. How much does a Commercial Loan Officer make in Dallas-Fort Worth TX.

Good relations with boss and team. The average salary for a Commercial Loan Officer is 61757 in Dallas-Fort Worth TX. As of May 10 2021 the average annual pay for a Commercial Loan Closer in the United States is 64950 a year.

Johnson Financial Group Commercial Loan Officer salaries - 3 salaries reported. New offer 95K but one more hour in the day to work. BBT Commercial Loan Officer salaries - 5 salaries reported.

Vice President Loan Officer. Virginia ranks number 24 out of 50 states nationwide for Commercial Loan Officer salaries. Not entirely sure what hes doing differently.

Senior Commercial Loan Officer. Ive done fairly well in my first year. The average Commercial Loan Officer salary in the United States is 227786 as of May 27 2021.

The base salary for Commercial Loan Officer II ranges from 88943 to 111286 with the average base salary of 102031. Simmons Bank Commercial Loan Officer salaries - 5 salaries reported. At my two year mark only got a 3 raise.

Citizens Commercial Loan Officer salaries - 3 salaries reported. The base salary for Commercial Loan Officer III ranges from 110375 to 136811 with the average base salary of 124494. You definitely work odd hours sometimes.

Currently working as an analyst -70K salary 3 YOE. They are bringing someone new on board and I will train them. Career level one step higher.

I wouldnt necessarily say youd need to spend 3-5 years there but you do need to stay long enough to understand whats going on. South State Commercial Loan Officer salaries - 5 salaries reported. I know this post seems abstract but a career as a loan officer seems pretty attractive to me - one reservation I had though was that this guy doing the math was making 300-500k a year whereas the median salary for a mortgage loan officer is only 50-70k.

The average Entry Commercial Loan Officer salary in Michigan is 67400 as of June 28 2021 but the salary range typically falls between 58800 and 76400. These charts show the average base salary core compensation as well as the average total cash compensation for the job of Commercial Loan Officer II in the United States. Im 33 and have been doing this for 5 years the amount of gray hair I have now is exponentially more than when I started I blame the job.

How much does a Commercial Loan Officer I make in Arkansas. The total cash compensation which includes base and annual incentives can vary anywhere from. Capital One Commercial Loan Officer salaries - 5 salaries reported.

They have made some vague promises of abigger raise in the future. 37K - 68K Glassdoor est 22d.

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