Senior Loan Servicing Representative Salary

Earnings for Senior Loan Servicing Representatives in the United States come in at around $20.08 per hour on average. Not all workers are lucky enough to have benefits; in fact, nearly one-fifth are without coverage. Medical insurance is claimed by a fair number and dental insurance is reported by more than half. Most workers in this position report high levels of job satisfaction. Female Senior Loan Servicing Representatives make up most of the survey respondents at 72 percent. This report is based on responses to the PayScale salary survey.
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$40,147 - $81,789
$40K
$57K
$82K
MEDIAN: $56,729
10%
50%
90%

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$16.12 - $28.38
$16
$20
$28
MEDIAN: $20.08
10%
50%
90%

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$0$81K
Salary $40,147 - $81,789
Bonus $1,000 - $7,500
Profit Sharing $3,750
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).
)
$37,021 - $75,760
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 34
Hourly Data $0$44
Hourly Rate $16.12 - $28.38
Overtime $28.19 - $44.42
Annual Data $0$75K
Bonus $1,000 - $7,500
Profit Sharing $3,750
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).
)
$37,021 - $75,760
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 37

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Senior Loan Servicing Representative

Senior loan-servicing representatives are primarily responsible for providing customer service to clients seeking loans from a bank or financial institution. These representatives generally work in indoor office environments during regular business hours, though extended hours may be required depending on the employer.

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Senior Loan Servicing Representative Tasks

  • Assist in activities required to maintain loan servicing systems subsequent to loan closings.
  • Process commercial participation loan transactions.
  • Analyze loan accounting system reports, research errors on loan accounts and process adjusting entries.
  • Enter information into the general ledger system, review work for accuracy and perform reconciliations.

Senior Loan Servicing Representative Job Listings

Pay by Experience Level for Senior Loan Servicing Representative

Pay by Experience for a Senior Loan Servicing Representative has a positive trend. An entry-level Senior Loan Servicing Representative with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Loan Servicing Representative with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $43,000 based on 24 salaries. An experienced Senior Loan Servicing Representative which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $46,000 based on 36 salaries. A Senior Loan Servicing Representative with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $52,000 based on 20 salaries.

Related Job Salaries

Key Stats for Senior Loan Servicing Representative

Gender

Female
72 %
Male
28 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.
1-4 years
14%
5-9 years
30%
10-19 years
32%
20 years or more
24%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Loan Servicing Representative Salaries

Late-Career
▲8%

National Average
$48,000

Experienced
▼5%

Entry-Level
▼9%

Mid-Career
▼11%

Skills That Affect Senior Loan Servicing Representative Salaries

Commercial Loans
▲8%

National Average
$48,000

Customer Service
▼17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

1-4 years
14%
5-9 years
30%
10-19 years
32%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 69%
vision benefits
Vision: 60%
no benefits
None: 21%
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