The salary of a Senior Commercial Loan Processor in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of April 01, 2025, the average annual salary for a Senior Commercial Loan Processor in the United States is $52,000. According to Salary.com, salaries can range from a low of $40,346 to a high of $61,552, with most professionals earning between $45,900 and $57,000.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $57,000 | $4,750 | $1,096 | $27 |
| Average | $52,000 | $4,333 | $1,000 | $25 |
| 25th Percentile | $45,900 | $3,825 | $883 | $22 |
An entry-level Senior Commercial Loan Processor with less than 1 year of experience earns about $48,540. With 1-2 years of experience, the average salary increases to $48,996. For 2-4 years of experience, the pay typically rises to $50,179. Senior-level professionals with 5-8 years of experience earn around $54,239, and those with over 8 years of experience can expect an average of $56,104.
| Levels | Salary |
|---|---|
| Entry Level Senior Commercial Loan Processor | $48,540 |
| Intermediate Level Senior Commercial Loan Processor | $48,996 |
| Senior Level Senior Commercial Loan Processor | $50,179 |
| Specialist Level Senior Commercial Loan Processor | $54,239 |
| Expert Level Senior Commercial Loan Processor | $56,104 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 4% |
| Top Level | 4% |
| Experienced | 8% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Senior Commercial Loan Processor compensation over the past six years. For example, the median salary increased from $50,760 in 2023 to approximately $50,555 in 2024. (For a detailed analysis of Senior Commercial Loan Processor salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Senior Commercial Loan Processor information for you to search for. Click on search button below to see Senior Commercial Loan Processor job openings or enter a new job title here.
Here are companies hiring for Senior Commercial Loan Processor and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $52,000 | 70.1% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $3,978 | 5.4% | ||
| 401K/403B | $2,444 | 3.3% | ||
| Disability | $416 | 0.6% | ||
| Healthcare | $6,056 | 8.2% | ||
| Pension | $2,860 | 3.9% | ||
| Time Off | $6,400 | 8.6% | ||
| Total Compensation | $74,154 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 8.3% |
| High School | 25.0% |
| Associates | 25.0% |
| Bachelors | 25.0% |
| Masters | 16.7% |
What Am I Worth?
Loan officers often earn more than loan processors due to commission-based pay tied to loan closings. In contrast, senior commercial loan processors have a salary range from $47,600 to $64,700, with a midpoint of $54,700. While processors enjoy stable compensation, it usually falls short of the potential earnings of loan officers.
Loan processors can earn a competitive salary. For a Senior Commercial Loan Processor, the salary ranges from a minimum of $47,600 to a maximum of $64,700, with a midpoint salary of $54,700. This indicates that they can make good money, especially as they gain experience and expertise in the field.
Loan Processors often face tight deadlines and high expectations, as they play a crucial role in the mortgage approval process. Balancing meticulous attention to detail with efficiency is key, and this can be stressful. With salaries ranging from $47,600 to $64,700, the financial rewards can be significant, but the demands of the job can add to the stress.
Top paying companies for Senior Commercial Loan Processors typically offer salaries ranging from $47,600 to $64,700 annually. While specific bank salaries may vary, leading institutions in the commercial banking sector often provide competitive compensation within this range, ensuring attractive opportunities for experienced professionals.
A Senior Commercial Loan Processor typically earns between $47,600 and $64,700 annually, with a median salary of around $54,700. Salaries can vary significantly based on location, with cities like San Francisco and Santa Clara offering competitive pay, often exceeding $63,000 per year.
The salary for a Senior Commercial Loan Processor typically ranges from $47,600 to $64,700, with a midpoint of $54,700. While Bank of America reports an average base salary of $107K for Commercial Lending Officers, this figure may not directly reflect the compensation for Senior Commercial Loan Processors.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
