*A job as a Commercial Lender falls under the broader career category of Loan Officers. The information on this page will generally apply to all careers in this category but may not specifically apply to this career title.
Job Description
for Loan Officers :
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
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Median Annual Wage |
$84,490 |
Median Hourly Wage |
$40.62* |
Total Employed Nationally |
321,090 |
Source: Bureau of Labor Statistics May 2023 wage data and 2022-2032 employment projections. "Projected growth" represents the estimated change in total employment over the projections period (2022-2032). "Projected job openings" represent openings due to growth and replacement.