A Loan Operations Specialist earns an average wage of $15.42 per hour. A skill in Commercial Loans is associated with high pay for this job. Most people with this job move on to other positions after 20 years in this career.
Loan Operations Specialist 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.
)
$26,257 - $52,672
(Median)
26K
32K
37K
47K
53K
MEDIAN: $36,662
10%
25%
50%
75%
90%
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Loan Operations Specialist 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.
)
$11.05 - $20.76
(Median)
11
13
15
18
21
MEDIAN: $15.00
10%
25%
50%
75%
90%
Add this chart to your site

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$18K$36K$54K
Salary
$26,257 - $52,672  
   
Bonus
$0.00 - $2,909  
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).
)
$25,111 - $51,412  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 183
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$11$22$33
Hourly Rate
$11.05 - $20.76  
   
Overtime
$16.92 - $32.66  
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$22K$44K$66K
Bonus
$0.00 - $2,909  
   
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).
)
$25,111 - $51,412  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 183
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Loan Operations Specialist Job Listings

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Job Description for Loan Operations Specialist
  • Update and capture interactions and communications in software systems.
  • Communicate with lawyers, borrowers, agencies and other groups to facilitate loans or collections.
  • Process loan documentation, identifying and seeking missing paperwork or information.
  • Perform payments and adjust balances.
Pay by Experience Level for Loan Operations Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Related Job Salaries

Experience Affects Loan Operations Specialist Salaries

Late-Career
up arrow 23%
Experienced
up arrow 10%
Mid-Career
up arrow 10%
National Average
$35,000
Entry-Level
up arrow 7%

Skills That Affect Loan Operations Specialist Salaries

Commercial Loans
up arrow 42%
Loan Documents
up arrow 2%
National Average
$35,000
Job Satisfaction
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Highly satisfied
Rated 4 out of 5 based on 35 votes.
Gender
Female
73%
female alumni
 
Male
28%
male alumni
Years of Experience
Less than 1 year
7%
1-4 years
32%
5-9 years
25%
10-19 years
27%
20 years or more
9%
Common Health Benefits
medical benefits Medical: 85% dental benefits Dental: 76%
vision benefits Vision: 59% employee benefits None: 12%
Find Out Exactly What You Should Be Paid
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United States (change)
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