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Loan Administrator Salary

Loan Administrators in the United States can expect to earn an average of $46K annually. Total cash compensation to Loan Administrators approaches anywhere from $30K on the lower end to $67K on the higher end; in exceptional cases, this can include more than $9K from bonuses and upwards of $12K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Most Loan Administrators report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Female Loan Administrators make up most of the survey respondents at 79 percent. This report is based on responses to the PayScale salary survey.
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$32,063 - $68,675
(Median)
$32K
$46K
$69K
MEDIAN: $46,019
10%
50%
90%

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$12.45 - $26.11
(Median)
$12
$17
$26
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$23K$46K$69K
Salary
$32,063 - $68,675  
   
Bonus
$0.00 - $9,156  
Profit Sharing
$747 - $12,040  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,612 - $67,361  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 278
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16$32$48
Hourly Rate
$12.45 - $26.11  
   
Overtime
$18.40 - $45.39  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Bonus
$0.00 - $9,156  
   
Profit Sharing
$747 - $12,040  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,612 - $67,361  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 111

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Job Description for Loan Administrator

There are many reasons individuals seek to procure loans, places one may go to find one, and different contexts in which loan processes are administered. Whatever the variables, most institutions which loan money typically employ a loan administrator to oversee the processes. Also known as a loan officer or a loan processor, these individuals are responsible for every aspect of the loan process, from meeting with prospective borrowers and hashing out terms to overseeing collection and processing of payments and ensuring that everything is handled within legal and regulatory boundaries.

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Loan Administrator Tasks

  • Develop and negotiate plans with borrowers.
  • Answer questions and interview applicants.
  • Assess loan applications and credit reports.
  • Maintain legal documentation and ensure accuracy.

Loan Administrator Job Listings

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Popular Skills for Loan Administrator


Loan Administrators report a narrow range of specific skills. Most notably, skills in Commercial Loans, Loan Documents, Loan Processing, and Mortgage Loans are correlated to pay that is above average. Skills that pay less than market rate include Mortgage Loans. Most people who know Commercial Loans also know Loan Processing.

Pay by Experience Level for Loan Administrator

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Loan Administrators, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Those in the early stages of their career can expect to make around $37K; however, individuals with five to 10 years of experience bring in $45K on average — a distinctly larger sum. Loan Administrators who work for 10 to 20 years in their occupation tend to earn about $50K. More than 20 years of experience mean a somewhat bigger median paycheck of $55K, but it's not much more than what less experienced people make.

Related Job Salaries

United States (change)

Experience Affects Loan Administrator Salaries




National Average
$44,000


Skills That Affect Loan Administrator Salaries


Loan Documents
up arrow 2%

National Average
$44,000

Loan Processing
up arrow 2%

Mortgage Loans
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 75 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
29%
10-19 years
23%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 66% employee benefits None: 9%