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The differences between branch lending officers and commercial loan officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a branch lending officer and a commercial loan officer. Additionally, a commercial loan officer has an average salary of $70,876, which is higher than the $46,615 average annual salary of a branch lending officer.
The top three skills for a branch lending officer include business relationships, origination and FHA. The most important skills for a commercial loan officer are customer service, loan portfolio, and financial statements.
| Branch Lending Officer | Commercial Loan Officer | |
| Yearly salary | $46,615 | $70,876 |
| Hourly rate | $22.41 | $34.08 |
| Growth rate | 4% | 4% |
| Number of jobs | 70,689 | 91,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
A branch lending officer is typically in charge of processing loan applications, ensuring accuracy and smooth workflow. Their responsibilities revolve around liaising with clients to identify their needs, conducting interviews and assessments, gathering and reviewing requirements, and coordinating with analysts and other staff. They may also perform clerical tasks such as answering calls and correspondence, arranging appointments, and maintaining records of all transactions. Furthermore, as a branch lending officer, it is essential to provide efficient customer service, all while adhering to the company's policies and regulations, including its vision and mission.
Commercial loan officers are financial professionals who are responsible for assessing and processing business loan applications at financial institutions. These loan officers must advise clients about their suitable loan and credit options while consulting with managers on credit policies, credit lines, and procedures. They are required to obtain and assess the financial information of applicants that includes their financial statements and credit histories. Commercial loan officers must also collaborate with other financial institutions to set up loan packages for extensive loans.
Branch lending officers and commercial loan officers have different pay scales, as shown below.
| Branch Lending Officer | Commercial Loan Officer | |
| Average salary | $46,615 | $70,876 |
| Salary range | Between $29,000 And $73,000 | Between $50,000 And $100,000 |
| Highest paying City | Saint Cloud, MN | Fort Lee, NJ |
| Highest paying state | New Mexico | Maine |
| Best paying company | Citi | Glacier Ban |
| Best paying industry | Finance | Finance |
There are a few differences between a branch lending officer and a commercial loan officer in terms of educational background:
| Branch Lending Officer | Commercial Loan Officer | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between branch lending officers' and commercial loan officers' demographics:
| Branch Lending Officer | Commercial Loan Officer | |
| Average age | 45 | 45 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 73.8% Female, 26.2% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.3% American Indian and Alaska Native, 0.5% | Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 15.5% Asian, 6.5% White, 63.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |