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$85,276

Average Base Salary

$41/hr

Average Hourly Rate

$3,863

Average Bonus
The average loan officer commercial salary in Alabama, United States is $85,276 or an hourly rate of $41. This is 7% lower (-$6,760) than the average loan officer commercial salary in the United States. In addition, they earn an average bonus of $3,863.
Salary by Experience

$60,987

Entry Level Salary

$104,278

Senior Level Salary
An entry level loan officer commercial (1-3 years of experience) earns an average salary of $60,987. On the other end, a senior level loan officer commercial (8+ years of experience) earns an average salary of $104,278.
Job Description
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, and loan underwriters.
Education

The chart below breaks down accounts by the highest level of education obtaned.

About the Data

The above data is a data available in ERI Economic Research Institute's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. Try a free demo of the cloud-based Global Salary Calculator.

If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning. Try a free demo of the cloud-based Salary Assessor.

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