$48,837
Avg. Salary
$18.15
Avg. Hourly Rate

Average additional compensation:

$2,566

Bonus

$1,600

Profit Sharing

$2,000

Commission

What am I worth?
How should I pay?

The average pay for a Loan Administrator is $18.15 per hour.

The average pay for a Loan Administrator is $48,837 per year.

10%
$12.99
10%
$18.15
50%
$24.74
90%
90%
MEDIAN $18.15
10%
$33k
10%
$49k
50%
$74k
90%
90%
MEDIAN $48,837
$32,966 - $73,832
$33K
$49K
$74K
MEDIAN: $48,837
10%
50%
90%

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$12.99 - $24.74
$13
$18
$25
MEDIAN: $18.15
10%
50%
90%

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$0$73K
Salary $32,966 - $73,832
Bonus $811 - $9,696
Profit Sharing $355 - $5,729
Commission $2,000
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).
)
$30,911 - $70,097
  • Country: United States
  • Currency: USD
  • Updated: 12 Mar 2019
  • Individuals Reporting: 298
Hourly Data $0$38
Hourly Rate $12.99 - $24.74
Overtime $16.07 - $38.03
Annual Data $0$70K
Bonus $811 - $9,696
Commission $2,000
Profit Sharing $355 - $5,729
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).
)
$30,911 - $70,097
  • Country: United States
  • Currency: USD
  • Updated: 12 Mar 2019
  • Individuals Reporting: 189

Job Description for Loan Administrator

There are many reasons individuals seek to procure loans, places one may go to find one, and different contexts in which loan processes are administered. Whatever the variables, most institutions which loan money typically employ a loan administrator to oversee the processes. Also known as a loan officer or a loan processor, these individuals are responsible for every aspect of the loan process, from meeting with prospective borrowers and hashing out terms to overseeing collection and processing of payments and ensuring that everything is handled within legal and regulatory boundaries.

Read More...
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.

Loan Administrator Pay By Employer

$0$54K

$29,003

$51,688

Loan Administrator Job Listings

Popular Skills for Loan Administrator


Loan Administrators report a narrow range of specific skills. Most notably, skills in Commercial Loans, Loan Processing, Loan Documents, and Mortgage Loans are correlated to pay that is above average. Skills that seem to negatively impact pay include Mortgage Loans, Loan Documents, and Loan Processing. Most people familiar with Loan Documents also know Commercial Loans.

Pay by Experience Level for Loan Administrator

Pay by Experience for a Loan Administrator has a positive trend. An entry-level Loan Administrator with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 144 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 76 salaries. An experienced Loan Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $48,000 based on 73 salaries. A Loan Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 41 salaries.

Pay Difference by Location

-13%

National Average: $45,000

Larger city markers indicate a job is popular in that location.

Loan Administrators will find that San Diego offers an impressive pay rate, one which exceeds the national average by 41 percent. Loan Administrators can also look forward to large paychecks in cities like Philadelphia (+39 percent), Boston (+37 percent), San Francisco (+37 percent), and Dallas (+26 percent). The smallest paychecks in the market, 11 percent south of the national average, can be found in Atlanta.

Related Job Salaries

Key Stats for Loan Administrator

Gender

Female
78 %
Male
22 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 90 votes.
Less than 1 year
3%
1-4 years
41%
5-9 years
17%
10-19 years
23%
20 years or more
15%

Experience Affects Loan Administrator Salaries

▲42%

▲6%

▲3%

National Average
$45,000

▼15%

Skills That Affect Loan Administrator Salaries


National Average
$45,000




Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 90 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
17%
10-19 years
23%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 78%
vision benefits
Vision: 65%
no benefits
None: 11%