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Average Loan Operations Specialist Hourly Pay

$16.83
Avg. Hourly RateShow Salary
$1,548
Bonus
$1,179
Profit Sharing
What am I worth?
Get pay report
How should I pay?
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The average hourly pay for a Loan Operations Specialist is $16.83.
10%
$12.78
MEDIAN
$16.83
90%
$22.70
Is Loan Operations Specialist your job title? Find out what you should be paid
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Hourly Rate
$13 - $23
Bonus
$304 - $8,243
Profit Sharing
$0 - $1,179
Total Pay
$27,575 - $57,806
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What Do Loan Operations Specialists Do?

Loan Operations Specialist Tasks
  • Process loan documentation, identifying and seeking missing paperwork or information.
  • Perform payments and adjust balances.
  • Update and capture interactions and communications in software systems.
  • Communicate with lawyers, borrowers, agencies and other groups to facilitate loans or collections.

Job Satisfaction for Loan Operations Specialist

3.8 out of 5
(42)
Highly Satisfied
We currently don't have any reviews for this job. Are you a Loan Operations Specialist? Take our survey to help us meet this goal.

Career Paths

Explore the most common career paths for Loan Operations Specialist. 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 Operations Specialist
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loan Operations Specialist Job Listings

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What Are Popular Skills for Loan Operations Specialists?

Skills in Loan Processing, Loan Documents, Commercial Loans and Data Entry are correlated to pay that is above average. Skills that pay less than market rate include Consumer Loans.

What is the Pay by Experience Level for Loan Operations Specialists?

An entry-level Loan Operations Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.96 based on 20 salaries. An early career Loan Operations Specialist with 1-4 years of experience earns an average total compensation of $15.88 based on 104 salaries. A mid-career Loan Operations Specialist with 5-9 years of experience earns an average total compensation of $17.38 based on 63 salaries. An experienced Loan Operations Specialist with 10-19 years of experience earns an average total compensation of $18.25 based on 66 salaries. In their late career (20 years and higher), employees earn an average total compensation of $17.
Employees with Loan Operations Specialist in their job title in Raleigh, North Carolina earn an average of 0.3% more than the national average. The lowest salaries can be found in St. Louis, Missouri (21.6% less), Greenville, South Carolina (16.0% less) and Chicago, Illinois (4.9% less).

Years of Experience

This data is based on 274 survey responses.
Entry Level
7.3%
Early Career
38.0%
Mid Career
23.0%
Experienced
24.1%
Late Career
7.7%