Average Loan Administrator with Loan Processing Skills Salary in Chicago, Illinois

$55,400
Avg. SalaryShow Hourly Rate
$5,250
Bonus
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The average salary for a Loan Administrator with Loan Processing skills in Chicago, Illinois is $55,400.
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United States (change)
Salary
$0 - $55k
Bonus
$0 - $5k
Total Pay
$38k - $59k

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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.

Career Paths

Explore the most common career paths for Loan Administrator. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Loan Administrator
Loan Administration Manager
Loan Operations Specialist
Commercial Loan Processor
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loan Administrator Job Listings

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Popular Skills for Loan Administrator

Skills in Mortgage Loans are correlated to pay that is above average. Skills that pay less than market rate include Commercial Loans and Loan Documents.
Employees with Loan Administrator in their job title in Los Angeles, California earn an average of 17.8% more than the national average. These job titles also find higher than average salaries in San Francisco, California (9.7% more) and Boston, Massachusetts (9.2% more). The lowest salaries can be found in Atlanta, Georgia (17.9% less), New York, New York (13.7% less) and Dallas, Texas (0.7% less).