Senior Loan Servicing Representative Salary

The average Senior Loan Servicing Representative in the United States earns approximately $48K per year. Medical benefits are awarded to almost all, and a large number earn dental coverage. Work is enjoyable for Senior Loan Servicing Representatives, who typically claim high levels of job satisfaction. Women account for the majority of Senior Loan Servicing Representatives who responded to the questionnaire — 66 percent to be exact. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$30,014 - $64,829

Add this chart to your site: 640px    300px

$14.66 - $24.79

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$22K$44K$66K
Salary
$30,014 - $64,829  
   
Bonus
$0.00 - $6,183  
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).
)
$31,856 - $61,035  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 67
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$13$26$39
Hourly Rate
$14.66 - $24.79  
   
Overtime
$20.86 - $37.43  
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$26K$52K$78K
Bonus
$0.00 - $6,183  
   
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).
)
$31,856 - $61,035  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 44
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

Senior Loan Servicing Representative Tasks

  • 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.
  • Assist in activities required to maintain loan servicing systems subsequent to loan closings.
  • Process commercial participation loan transactions.

Loan Administrator Job Listings

Search for more jobs:


Pay by Experience Level for Senior Loan Servicing Representative

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


Senior Loan Servicing Representatives with a lot of experience do not necessarily enjoy more money. Relatively untried employees who have less than five years' experience make $40K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $43K. Senior Loan Servicing Representatives see a median salary of $46K after reaching one to two decades on the job. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Senior Loan Servicing Representative with more than 20 years of experience can earn $49K on average.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Senior Loan Servicing Representative Salaries

Late-Career
up arrow 12%

Experienced
up arrow 5%

National Average
$44,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
1%
1-4 years
24%
5-9 years
27%
10-19 years
30%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 86%
vision benefits Vision: 77% employee benefits None: 5%
ADVERTISEMENT