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Loan Administrator Salary (United States)

Pay for Loan Administrators in the United States sits in the ballpark of $44K per year. Total cash earnings of Loan Administrators range from $29K on the low end to $69K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $12K, respectively. Residence and experience level each impact pay for this group, with the former having the largest influence. A solid majority report receiving medical coverage from their employers and a fair portion collect dental insurance. Men working as Loan Administrators are solidly outnumbered, with women representing 76 percent of workers. Job satisfaction is high and work is enjoyable for most Loan Administrators. The figures in this overview are derived from responses to the PayScale salary survey.
Loan Administrator Salary (?
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.
)
$30,910 - $70,816
(Median)
31K
44K
56K
71K
MEDIAN: $44,422
10%
50%
75%
90%
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Loan Administrator Salary (?
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.
)
$11.84 - $26.44
(Median)
12
17
22
26
MEDIAN: $16.00
10%
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$24K$48K$72K
Salary
$30,910 - $70,816  
   
Bonus
$0.00 - $9,964  
Profit Sharing
$753 - $11,960  
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).
)
$28,951 - $68,832  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 291
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
$11.84 - $26.44  
   
Overtime
$18.06 - $46.91  
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 - $9,964  
   
Profit Sharing
$753 - $11,960  
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).
)
$28,951 - $68,832  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 119
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Location:
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United States (change)

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.

Loan Administrator Job Listings

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Popular Skills for Loan Administrator

Just a handful of professional skills are reported by Loan Administrators who took the survey. Most notably, skills in Commercial Loans, Loan Documents, Loan Processing, and Mortgage Loans are correlated to pay that is above average. At the other end of the pay range are skills like Mortgage Loans. The majority of those 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.
Loan Administrators do not generally earn higher incomes from more experience in the field. Relatively untried employees who have less than five years' experience make $36K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $44K. After working for 10 to 20 years, Loan Administrators make a median salary of $49K. 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 $51K. In this field, workers tend to have anywhere from one to nine years of experience — of those surveyed, more than half land within this range. Experienced employees who have 10-20 years of experience make up slightly less than a fourth of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in twenty, and senior people with more than 20 years under their belt fill out the remaining close to an eighth.

Pay Difference By Location

San Francisco
up arrow 43%
Philadelphia
up arrow 41%
Chicago
up arrow 37%
Los Angeles
up arrow 36%
New York
up arrow 26%
Denver
up arrow 21%
Boston
up arrow 12%
National Average
$43,000
Atlanta
up arrow 2%
Larger circles over a city indicate a job is popular in that location.
Loan Administrators will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 43 percent. Other big spenders include Philadelphia, Chicago, Los Angeles, and New York, top-paying cities where Loan Administrators see paychecks higher than average (+41 percent, +37 percent, +36 percent, and +26 percent). Falling short of the national average by 2 percent, the area with the worst salaries is Atlanta.

Related Job Salaries

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Experience Affects Loan Administrator Salaries

National Average
$43,000

Skills That Affect Loan Administrator Salaries

Loan Documents
up arrow 2%
Loan Processing
0%
National Average
$43,000
Mortgage Loans
up arrow 3%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 87 votes.

Gender

Female
76%
female alumni
 
Male
24%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
34%
5-9 years
26%
10-19 years
23%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 78%
vision benefits Vision: 65% employee benefits None: 8%