Average Loan Administrator Salary

$48,599
Avg. SalaryShow Hourly Rate
$2,500
Bonus
$5,000
Commission
$1,940
Profit Sharing
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The average salary for a Loan Administrator is $48,599.
10%
$33k
MEDIAN
$49k
90%
$75k
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United States (change)
Salary
$33k - $75k
Bonus
$850 - $7k
Profit Sharing
$604 - $6k
Commission
$0 - $5k
Total Pay
$32k - $72k

Your Market Worth Over Time

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Job Description for Loan Administrator

Loan Administrator Tasks
  • Assess loan applications and credit reports.
  • Maintain legal documentation and ensure accuracy.
  • Develop and negotiate plans with borrowers.
  • Answer questions and interview applicants.

Job Satisfaction for Loan Administrator

3.7 out of 5
(85)
Highly Satisfied
1Review

Popular Employer Salaries for Loan Administrator

The top respondents for the job title Loan Administrator are from the companies Bank of America Corp. (BOFA), City National Bank and Wells Fargo Bank. Reported salaries are highest at City National Bank where the average pay is $64,500. Other companies that offer high salaries for this role include Bank of America Corp. (BOFA), earning around $55,000. Bank of The West pays the lowest at around $45,000. Wells Fargo Bank also pays on the lower end of the scale, paying $51,886.

Loan Administrator Job Listings

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Popular Skills for Loan Administrator

Skills in Loan Documents, Commercial Loans and Loan Processing are correlated to pay that is above average. Skills that pay less than market rate include Customer Service and Mortgage Loans.

Pay by Experience Level for Loan Administrator

An entry-level Loan Administrator with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $35,097 based on 17 salaries. An early career Loan Administrator with 1-4 years of experience earns an average total compensation of $42,123 based on 183 salaries. A mid-career Loan Administrator with 5-9 years of experience earns an average total compensation of $49,257 based on 83 salaries. An experienced Loan Administrator with 10-19 years of experience earns an average total compensation of $54,458 based on 112 salaries. In their late career (20 years and higher), employees earn an average total compensation of $66,677.
Employees with Loan Administrator in their job title in Los Angeles, California earn an average of 54.3% more than the national average. These job titles also find higher than average salaries in San Francisco, California (44.0% more) and Chicago, Illinois (33.1% more). The lowest salaries can be found in Atlanta, Georgia (9.4% less).

Years of Experience

This data is based on 464 survey responses.
Entry Level
3.7%
Early Career
39.4%
Mid Career
17.9%
Experienced
24.1%
Late Career
14.9%

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