The average salary for a Loan Administrator with Loan Processing skills in Boston, Massachusetts is $60,496.
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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…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.
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Popular Skills for Loan Administrator
Pay Difference by Location
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Employees with Loan Administrator in their job title in Los Angeles, California earn an average of 7.9% more than the national average. These job titles also find higher than average salaries in San Francisco, California (0.4% more). The lowest salaries can be found in Atlanta, Georgia (24.8% less), New York, New York (21.0% less) and Denver, Colorado (15.0% less).