The average pay for a Loan Administrator is $43,849 per year. Most people with this job move on to other positions after 20 years in this career. A skill in Commercial Loans is associated with high pay for this job.
Loan Administrator Total Pay (?
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.
)
$30,353 - $68,983
(Median)
30K
44K
55K
69K
MEDIAN: $43,848
10%
50%
75%
90%
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Loan Administrator Total Pay (?
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.
)
$11.65 - $26.78
(Median)
12
14
17
22
27
MEDIAN: $16.00
10%
25%
50%
75%
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
$30,353 - $68,983  
   
Bonus
$0.00 - $9,970  
Profit Sharing
$737 - $11,792  
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).
)
$28,330 - $68,117  
PayScale
Country: United States | Currency: USD | Updated: 19 Apr 2014 | Individuals Reporting: 425
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
$11.65 - $26.78  
   
Overtime
$18.45 - $47.58  
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 - $9,970  
   
Profit Sharing
$737 - $11,792  
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).
)
$28,330 - $68,117  
PayScale
Country: United States | Currency: USD | Updated: 19 Apr 2014 | Individuals Reporting: 425
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Loan Administrator Job Listings

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Job Description for Loan Administrator
  • Develop and negotiate plans with borrowers.
  • Answer questions and interview applicants.
  • Assess loan applications and credit reports.
  • Maintain legal documentation and ensure accuracy.
Popular Skills for Loan Administrator
Pay by Experience Level for Loan Administrator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
Los Angeles
up arrow 37%
Chicago
up arrow 30%
New York
up arrow 23%
Denver
up arrow 20%
Boston
up arrow 10%
National Average
$42,000
Cleveland
up arrow 3%
Columbus
up arrow 18%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Loan Administrator Salaries

Late-Career
up arrow 17%
National Average
$42,000

Skills That Affect Loan Administrator Salaries

Loan Processing
up arrow 3%
National Average
$42,000
Mortgage Loans
up arrow 2%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 85 votes.
Gender
Female
79%
female alumni
 
Male
21%
male alumni
Years of Experience
Less than 1 year
4%
1-4 years
36%
5-9 years
27%
10-19 years
22%
20 years or more
11%
Common Health Benefits
medical benefits Medical: 87% dental benefits Dental: 76%
vision benefits Vision: 62% employee benefits None: 10%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
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