Loan Administrator Salary

The average salary for a Loan Administrator is $48,543 per year.
Read More
$32,160 - $74,238
$32K
$49K
$74K
MEDIAN: $48,543
10%
50%
90%

Add this chart to your site: 640px    300px

$12.72 - $23.56
$13
$17
$24
MEDIAN: $17.38
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25K$50K$75K
Salary
$32,160 - $74,238  
   
Bonus
$973 - $9,933  
Profit Sharing
$1,700  
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).
)
$30,896 - $69,176  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 171
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$12.72 - $23.56  
   
Overtime
$20.10 - $40.27  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$973 - $9,933  
   
Profit Sharing
$1,700  
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).
)
$30,896 - $69,176  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 104

Find Out Exactly What You Should Be Paid

United States (change)

Employers: 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

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

Loan Administrator Job Listings

Search for more jobs:

Popular Skills for Loan Administrator

Pay by Experience Level for Loan Administrator

Pay by Experience for a Loan Administrator has a positive trend. An entry-level Loan Administrator with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 144 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 76 salaries. An experienced Loan Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $48,000 based on 73 salaries. A Loan Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 41 salaries.

Pay Difference by Location

National Average: $43,656

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Loan Administrator

Gender

Female
76 %
Male
24 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.
Less than 1 year
3%
1-4 years
41%
5-9 years
19%
10-19 years
22%
20 years or more
15%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Administrator Salaries

▲46%

▲9%

▲6%

National Average
$44,000

▼12%

Skills That Affect Loan Administrator Salaries


National Average
$44,000




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
19%
10-19 years
22%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 81%
vision benefits
Vision: 66%
no benefits
None: 7%