Loan Administrator Salary (United States)

Loan Administrators in the United States usually make around $42,926 per year. The top of the range reaches $68,832 per year, and the bottom approaches $28,951. The range in cash compensation to Loan Administrators ($28,951 to $68,832) includes potential earnings of $9,964 each from bonuses and profit sharing in exceptional cases. Residency and experience level each impact pay for this group, with the former having the largest influence. A solid majority enjoy medical while most get dental coverage in this occupation. Vision coverage is also available to a majority. Men are in the minority in the field, with female Loan Administrators making up 76 percent of workers. For the most part, Loan Administrators enjoy their work and report high levels of job satisfaction. This outline is derived from replies to PayScale's 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%
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
$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  
PayScale
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  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 119
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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.

Loan Administrator Job Listings

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Popular Skills for Loan Administrator

Loan Administrators only report a few specific skills. Commercial Loans is considered a valuable skill and can increase employee pay by 11 percent. Skills that pay less than market rate include Mortgage Loans. Those proficient in Commercial Loans are, more often than not, also skilled in Loan Processing.

Pay by Experience Level for Loan Administrator

Median of all compensation (including tips, bonus, and overtime) by years of experience.
In most cases, Loan Administrators can expect only incremental pay growth as they advance in their careers. Those in the early stages of their career can expect to make around $36K; however, pay rises to approximately $44K after five to 10 years. After 10 to 20 years, salary hovers around $49K. Salaries grow more slowly as Loan Administrators approach the 20-year mark, when the pay stabilizes at $51K. Experienced employees who have 10-20 years of experience make up about one-fourth of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining 12 percent. One to nine years of experience is standard for most employees in this area; a majority of respondents fit between this range.

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.
For Loan Administrators, busy San Francisco offers a higher-than-average pay rate, 43 percent above the national average. Loan Administrators can also look forward to large paychecks in cities like Philadelphia (+41 percent), Chicago (+37 percent), Los Angeles (+36 percent), and New York (+26 percent). Atlanta is home to the smallest salaries in the field, lagging the national average by 2 percent.

Related Job Salaries

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%
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