Median pay for Loan Administrators in the United States lies in the neighborhood of $48K per year. Location and career duration each impact pay for this group, with the former having the largest influence. For the most part, Loan Administrators enjoy their work and report high levels of job satisfaction. A large number enjoy medical while most get dental coverage. Vision coverage is also available to the greater part. Most Loan Administrators survey respondents are women (78 percent). This report is based on responses to the PayScale salary survey.
Read More
$32,707 - $72,608
(Median)
$33K
$48K
$73K
MEDIAN: $48,126
10%
50%
90%

Add this chart to your site: 640px    300px

$12.70 - $23.08
(Median)
$13
$17
$23
MEDIAN: $17.00
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
$32,707 - $72,608  
   
Bonus
$780 - $9,950  
Profit Sharing
$5,500  
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).
)
$30,769 - $67,847  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 178
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$12$24$36
Hourly Rate
$12.70 - $23.08  
   
Overtime
$19.82 - $35.25  
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$24K$48K$72K
Bonus
$780 - $9,950  
   
Profit Sharing
$5,500  
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).
)
$30,769 - $67,847  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 105
United States (change)

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

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

Credit Analyst Job Listings

Search for more jobs:

Popular Skills for Loan Administrator


Loan Administrators report a focused set of job skills. Most notably, skills in Commercial Loans, Mortgage Loans, Loan Documents, and Loan Processing are correlated to pay that is above average. Skills that pay less than market rate include Loan Processing, Loan Documents, and Mortgage Loans. For most people, competency in Loan Documents indicates knowledge of Commercial Loans.

Pay by Experience Level for Loan Administrator

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Loan Administrators with a rich background of experience are typically rewarded with larger paychecks. Folks with fewer than five years of experience take home $38K on average, and those who have worked for five to 10 years see a bigger median salary of $44K. After working for 10 to 20 years, Loan Administrators make a median salary of $50K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $60K.

Pay Difference by Location

National Average: $43,055

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

For those looking to make money, Loan Administrators in San Diego enjoy an exceptional pay rate, 44 percent above the national average. Loan Administrators will also find cushy salaries in Philadelphia (+41 percent), San Francisco (+39 percent), Boston (+38 percent), and Dallas (+28 percent). In Atlanta, salaries are 9 percent below the national average and represent the lowest-paying market.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Experience Affects Loan Administrator Salaries




National Average
$43,000


Skills That Affect Loan Administrator Salaries

Commercial Loans
up arrow 4%

National Average
$43,000

Mortgage Loans
up arrow 3%

Loan Documents
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 45 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
2%
1-4 years
42%
5-9 years
19%
10-19 years
22%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
medical benefits
Vision: 64%
dental benefits
None: 9%
ADVERTISEMENT