Senior Loan Servicing Representatives in the United States with more than 10 years of experience in their profession represent roughly three in five of Senior Loan Servicing Representatives. Salaries average out to around $51K annually and spread from $36K to $66K per year. Most Senior Loan Servicing Representatives survey respondents are women (76 percent). Most Senior Loan Servicing Representatives report high levels of job satisfaction. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The information for this snapshot was generated by responses to the PayScale salary survey.
Read More
$36,321 - $73,974
$36K
$51K
$74K
MEDIAN: $51,343
10%
50%
90%

Add this chart to your site: 640px    300px

$16.66 - $28.44
$17
$20
$28
MEDIAN: $20.00
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
$36,321 - $73,974  
   
Bonus
$1,014 - $9,863  
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).
)
$35,609 - $65,595  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 41
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$15$30$45
Hourly Rate
$16.66 - $28.44  
   
Overtime
$28.58 - $43.77  
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$30K$60K$90K
Bonus
$1,014 - $9,863  
   
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).
)
$35,609 - $65,595  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 41

Find Out Exactly What You Should Be Paid

United States (change)

Employers: 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

  • 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.

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.


Relatively untried employees who have less than five years' experience have a median salary of $43K. Those who have been around for five to 10 years can expect to take home more — $46K on average. Senior Loan Servicing Representatives with one to two decades of relevant experience report an average salary of approximately $46K. Old hands who claim more than two decades on the job enjoy average earnings of $51K.

Related Job Salaries

Key Stats for Senior Loan Servicing Representative

Gender

Female
76 %
Male
24 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 17 votes.
035
Less than 1 year
1%
1-4 years
15%
5-9 years
26%
10-19 years
35%
20 years or more
23%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Loan Servicing Representative Salaries

Late-Career
up arrow 12%

Mid-Career
up arrow 1%

National Average
$46,000

Experienced
up arrow 1%

Entry-Level
up arrow 6%

Skills That Affect Senior Loan Servicing Representative Salaries

Commercial Loans
up arrow 13%

National Average
$46,000

Customer Service
up arrow 13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 17 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
26%
10-19 years
35%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 73%
vision benefits
Vision: 63%
dental benefits
None: 16%
ADVERTISEMENT