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Commercial lending vice president vs commercial loan officer

The differences between commercial lending vice presidents and commercial loan officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a commercial lending vice president, becoming a commercial loan officer takes usually requires 4-6 years. Additionally, a commercial lending vice president has an average salary of $94,727, which is higher than the $70,876 average annual salary of a commercial loan officer.

The top three skills for a commercial lending vice president include loan portfolio, financial statements and business development. The most important skills for a commercial loan officer are customer service, loan portfolio, and financial statements.

Commercial lending vice president vs commercial loan officer overview

Commercial Lending Vice PresidentCommercial Loan Officer
Yearly salary$94,727$70,876
Hourly rate$45.54$34.08
Growth rate17%4%
Number of jobs58,56391,582
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 76%
Average age4645
Years of experience86

What does a commercial lending vice president do?

A Commercial Lending Vice President provides customers with financial counseling and recommends bank products that fit their needs. They monitor a team of loan officers.

What does a commercial loan officer do?

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.

Commercial lending vice president vs commercial loan officer salary

Commercial lending vice presidents and commercial loan officers have different pay scales, as shown below.

Commercial Lending Vice PresidentCommercial Loan Officer
Average salary$94,727$70,876
Salary rangeBetween $73,000 And $121,000Between $50,000 And $100,000
Highest paying City-Fort Lee, NJ
Highest paying state-Maine
Best paying company-Glacier Ban
Best paying industry-Finance

Differences between commercial lending vice president and commercial loan officer education

There are a few differences between a commercial lending vice president and a commercial loan officer in terms of educational background:

Commercial Lending Vice PresidentCommercial Loan Officer
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 76%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial lending vice president vs commercial loan officer demographics

Here are the differences between commercial lending vice presidents' and commercial loan officers' demographics:

Commercial Lending Vice PresidentCommercial Loan Officer
Average age4645
Gender ratioMale, 81.7% Female, 18.3%Male, 73.8% Female, 26.2%
Race ratioBlack or African American, 8.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 7.3% White, 65.1% American Indian and Alaska Native, 0.3%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 Percentage11%8%

Differences between commercial lending vice president and commercial loan officer duties and responsibilities

Commercial lending vice president example responsibilities.

  • Establish and manage customer relationships, credit approval/recommendation, documentation, servicing of commercial, real estate, and SBA loans.
  • Manage a loan pipeline from origination through to settlement and funding in accordance with Bankpolicies, procedures and regulatory requirements.
  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Expand commercial loan product offerings by establish bank with the SBA, enabling usage of SBA programs for loan risk mitigation.
  • Co-Manage a portfolio of $275MM with a senior relationship manager facilitating underwriting, renewals and origination.
  • Manage a loan pipeline from origination through to settlement and funding in accordance with Bankpolicies, procedures and regulatory requirements.
  • Show more

Commercial loan officer example responsibilities.

  • Create and manage mortgage loan department along with commercial consumer, SBA and real estate lending producing additional revenue stream.
  • Manage a multifacete commercial real estate investment firm.
  • Mortgage underwriter for FHA direct endorsement, VA authorize & FNMA delegate programs.
  • Sign and issue payroll checks to contractors hire to complete REO projects.
  • Secure new loans, investment accounts, treasury management products and depository accounts.
  • Compile figures for sales amount prior to selling real estate own (REO).
  • Show more

Commercial lending vice president vs commercial loan officer skills

Common commercial lending vice president skills
  • Loan Portfolio, 11%
  • Financial Statements, 7%
  • Business Development, 7%
  • Real Estate Loans, 6%
  • Commercial Banking, 5%
  • Commercial Loans, 5%
Common commercial loan officer skills
  • Customer Service, 9%
  • Loan Portfolio, 8%
  • Financial Statements, 6%
  • Business Development, 6%
  • Commercial Loans, 4%
  • Bank Products, 4%

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