Senior Loan Servicing Representatives who are practiced in their profession and carry more than 10 years of experience make up close to three-fifths of Senior Loan Servicing Representatives. Pay fluctuates from $35K to $63K per year, but expected earnings average $51K annually. Job satisfaction for Senior Loan Servicing Representatives is high. Female Senior Loan Servicing Representatives make up most of the survey respondents at 76 percent. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. This report is based on responses to the PayScale salary survey.
Read More
$35,778 - $65,805
(Median)
$36K
$51K
$66K
MEDIAN: $50,580
10%
50%
90%

Add this chart to your site: 640px    300px

$15.84 - $24.57
(Median)
$16
$20
$25
MEDIAN: $19.00
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$22K$44K$66K
Salary
$35,778 - $65,805  
   
Bonus
$515 - $9,696  
Profit Sharing
$4,046  
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).
)
$34,889 - $62,970  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 45
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
$15.84 - $24.57  
   
Overtime
$23.37 - $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
$515 - $9,696  
   
Profit Sharing
$4,046  
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).
)
$34,889 - $62,970  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 39
United States (change)

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

  • 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.


Those who have worked for fewer than five years take home a median salary of $43K, and workers with five to 10 years of experience earn a higher $46K on average. The average pay reported by folks with 10 to 20 years of experience is around $44K. Old hands who claim more than two decades on the job enjoy average earnings of $50K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Experience Affects Senior Loan Servicing Representative Salaries

Late-Career
up arrow 11%

Mid-Career
up arrow 2%

National Average
$45,000

Experienced
up arrow 4%

Entry-Level
up arrow 5%

Skills That Affect Senior Loan Servicing Representative Salaries

Commercial Loans
up arrow 15%

National Average
$45,000

Customer Service
up arrow 12%

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
13%
5-9 years
26%
10-19 years
37%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 74%
medical benefits
Vision: 62%
dental benefits
None: 14%
ADVERTISEMENT