What does a Commercial Loan Officer Intern do?

Commercial loan officers work for credit unions, commercial banks, mortgage companies, and other financial institutions and are the decision-makers who apply critical thinking skills during application review. They examine loan applications and verify all financial information applicants provide to determine whether they can meet their monthly loan payments on time. They recommend approval or disapproval of the loan application based on the applicant’s information and relevant information they uncover during the application process.

Because they are supervisors, commercial loan officers also manage loan administrators and double-check their paperwork for approval or disapproval of a requested loan. Upon acceptance and disbursement of money, loan officers ensure repayments arrive in a timely fashion, which may require follow-up phone calls and outreach to borrowers to ensure they are paying off their line of credit. When payments have defaulted regularly, a loan officer may report the borrower to a collection agent. Commercial loan officers need a bachelor's degree in finance and receive on-the-job training from their employer.

Education--
Work/Life Balance
3.5 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience5-7 years

Commercial Loan Officer Intern Salaries

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Commercial Loan Officer Intern Career Path

Learn how to become a Commercial Loan Officer Intern, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Commercial Loan Officer Intern
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Commercial Loan Officer Intern Insights

Read what Commercial Loan Officer Intern professionals have to say about their job experiences and view top companies for this career.
HSBCHSBC
Commercial Banking Officer
1 Nov 2021

“I got a chance to work with other amazing officers and everyone is generally really nice”

UK Ministry of DefenceUK Ministry of Defence
Commercial Officer
22 Jul 2019

“Good life work balance is good”

Skye BankSkye Bank
Banking Officer
13 May 2021

“laid back and good pay”

MphasisMphasis
Transaction Processing Officer
5 May 2021

“Good to work with and good salary”

Commercial Bank of Ethiopia
Branch Banking Officer
31 Oct 2021

“Good but getting promotion is rare.”

Access Bank PLCAccess Bank PLC
Commercial Banking Officer
13 Jun 2021

“1. Great opportunities for growth and personal development”

Tata Consultancy Services (North America)Tata Consultancy Services (North America)
Commercial Lender
17 Jun 2021

“Good better best good good”

The Muthoot Pappachan GroupThe Muthoot Pappachan Group
Loan Processing Officer
28 Aug 2020

“Good for first career beginners”

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Commercial Loan Officer Intern Interviews

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Commercial Loan Officer Intern jobs

Frequently asked questions about the role and responsibilities of a commercial loan officer intern

The most similar professions to commercial loan officer intern are:
  • Loan Officer
  • Loan Processor
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  • Underwriting Assistant