Browse Categories

Senior Loan Servicing Representative Salary

The average Senior Loan Servicing Representative in the United States can expect to rake in roughly $46K per year. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Senior Loan Servicing Representatives survey participants are largely women, dominating at 66 percent. Work is enjoyable for Senior Loan Servicing Representatives, who typically claim high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
Read More...
$29,478 - $65,946
(Median)
29K
37K
46K
55K
66K
MEDIAN: $46,079
10%
25%
50%
75%
90%

Add this chart to your site: 640px    300px

$12.68 - $24.56
(Median)
13
16
18
22
25
MEDIAN: $18.00
10%
25%
50%
75%
90%

Add this chart to your site: 640px    300px

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$22K$44K$66K
Salary
$29,478 - $65,946  
   
Bonus
$0.00 - $6,787  
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).
)
$31,017 - $63,246  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 62
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$13$26$39
Hourly Rate
$12.68 - $24.56  
   
Overtime
$1.53 - $37.28  
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$26K$52K$78K
Bonus
$0.00 - $6,787  
   
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).
)
$31,017 - $63,246  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 43
United States (change)

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.


For Senior Loan Servicing Representatives, more experience in the field does not usually mean bigger paychecks. The average worker who claims fewer than five years of experience earns around $39K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $43K. On average, Senior Loan Servicing Representatives make $46K following one to two decades on the job. Senior Loan Servicing Representatives who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $49K on average.

Related Job Salaries

Experience Affects Senior Loan Servicing Representative Salaries

Late-Career
up arrow 11%

Experienced
up arrow 5%

National Average
$44,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

1-4 years
23%
5-9 years
33%
10-19 years
25%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 88%
vision benefits Vision: 76% employee benefits None: 4%