Commercial Lending Broker Salary in Mount Prospect, Illinois

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Average Salary for Commercial Lending Broker in Mount Prospect, Illinois

The average salary of a(n) Commercial Lending Broker in Mount Prospect, Illinois is $57,753.

The average hourly rate of a(n) Commercial Lending Broker in Mount Prospect, Illinois is $27.77.

The average bonus of a(n) Commercial Lending Broker in Mount Prospect, Illinois is $7,901.00.

Job Description:

Sells commercial lending services, for things such as real estate, land, construction, and lines of credit, to new or existing customers of a commercial financial institution in assigned area or territory. Creates prospect list and acquires new accounts. Calls on and interacts directly with potential, new, and existing customers or clients to present information and explain available commercial lending services offered, utilizing persuasive sales techniques. Calculates and quotes interest rates. Answers all questions concerning commercial lending services, with appropriate referrals where required. Analyzes and determines customers' lending needs, recommends services best suited for them, and prepares and presents proposals to sell services that address those needs. Prepares forms or agreements, closes transactions, and secures sales. Establishes professional customer relationships with appropriate customer personnel. Submits time and expense reports to management. Investigates service warranty claims to ensure resolution within organization policies. Analyzes and interprets records of present and past sales, trends and costs, estimated and realized revenue, administrative commitments, and obligations incurred for management. Keeps informed of new services and changes that might affect services offered. Keeps informed of company contract procedures and service prices. May work with appropriate internal departments to obtain support and assistance in meeting customers' needs. Less

Sells commercial lending services, for things such as real estate, land, construction, and lines of credit, to new or existing customers of a commercial financial institution in assigned area or territory. Creates prospect list and acquires new accounts. Calls on... More

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