Loan Administrator Salary

The average Loan Administrator in the United States earns approximately $46K annually. Total cash compensation to Loan Administrators bottoms out near $29K and approaches $68K on the high end; the biggest paychecks include approximately $10K from bonuses and almost $12K from profit sharing. Location is the biggest factor affecting pay for this group, followed by tenure. Medical benefits are awarded to most, and a strong majority earn dental coverage. Work is enjoyable for Loan Administrators, who typically claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$32,403 - $69,574
(Median)
$32K
$46K
$70K
MEDIAN: $46,405
10%
50%
90%

Add this chart to your site: 640px    300px

$12.04 - $26.26
(Median)
$12
$17
$26
MEDIAN: $16.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$24K$48K$72K
Salary
$32,403 - $69,574  
   
Bonus
$0.00 - $9,616  
Profit Sharing
$745 - $12,080  
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).
)
$29,393 - $67,925  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 279
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
$12.04 - $26.26  
   
Overtime
$17.99 - $46.01  
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 - $9,616  
   
Profit Sharing
$745 - $12,080  
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).
)
$29,393 - $67,925  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 110
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:

Popular Skills for Loan Administrator


Survey takers who work as Loan Administrators report a focused set of job skills. Most notably, skills in Commercial Loans, Loan Documents, Loan Processing, and Mortgage Loans are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Mortgage Loans. Most people familiar with 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.


Experience and pay tend to be weakly linked for Loan Administrators — those with more experience do not necessarily bring in higher earnings. Those in the early stages of their career can expect to make around $38K; however, individuals with five to 10 years of experience bring in $45K on average — a distinctly larger sum. On average, Loan Administrators make $50K following one to two decades on the job. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $55K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 73 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
28%
10-19 years
23%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 79%
vision benefits Vision: 65% employee benefits None: 10%
ADVERTISEMENT