Average Loan Officer, Commercial with Loan Underwriting Skills Salary at Bank of America Corp. (BOFA)

$79,947
Avg. Base Salary (USD)
25%
$78k
MEDIAN
$80k
75%
$93k

The average salary for a Loan Officer, Commercial is $79,947 in 2025

Base Salary
$78k - $93k
Bonus
$0 - $10k
Total Pay
$85k - $98k
Is Average Loan Officer, Commercial with Loan Underwriting Skills Salary at Bank of America Corp. (BOFA) your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
United States (change)
How it works:
1
Enter city & years of experience
2
Add pay factors like skills & education
3
Find your market worth with a report tailored to you
EXPLORE BY:

What Do Loan Officer, Commercials Do?

Loan Officer, Commercial Tasks
  • Develop, maintain, and grow the commercial loan portfolio of private loan companies, government agencies, and non-profit organizations.
  • Solicit new business by developing marketing strategies.
  • Oversee handling of advances, payments, and wire transfers.
  • Negotiate credit terms, and prepare credit analysis and repayment plan for approvals.
  • Interview, consult, accept, analyze credit of, and perform credit reviews of potential borrowers.
Find your market worth – how it works:

FAQs About Loan Officer, Commercials

What is the highest pay for Loan Officer, Commercials?

Our data indicates that the highest pay for a Loan Officer, Commercial is $NaN / year

What is the lowest pay for Loan Officer, Commercials?

Our data indicates that the lowest pay for a Loan Officer, Commercial is $NaN / year

How can Loan Officer, Commercials increase their salary?

Increasing your pay as a Loan Officer, Commercial is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Officer, Commercial that oversees more junior Loan Officer, Commercials, this experience can increase the likelihood to earn more.