Average Loan Servicing Representative Hourly Pay

$15.92
Avg. Hourly RateShow Salary
$2,023
Bonus
$6,500
Commission
$1,474
Profit Sharing
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The average hourly pay for a Loan Servicing Representative is $15.92.
10%
$12.71
10%
$15.92
50%
$20.64
90%
90%
MEDIAN $15.92
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United States (change)
Hourly Rate
$13 - $21
Bonus
$303 - $6,128
Profit Sharing
$983 - $2,500
Commission
$0 - $6,500
Total Pay
$27,355 - $49,998

Your Market Worth Over Time

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Job Description for Loan Servicing Representative

Loan Servicing Representative Tasks
  • Document client interactions and accurately capture data using company loan processing systems.
  • Ensure compliance with all federal and local rules, laws, and regulations.
  • Ensure loan guidelines are followed and loans are underwritten properly in accordance with all company procedures.
  • Educate clients and assist them through the loan process.

Popular Employer Salaries for Loan Servicing Representative

Career Paths

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

Loan Servicing Representative Job Listings

Popular Skills for Loan Servicing Representative

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

Pay by Experience Level for Loan Servicing Representative

An entry-level Loan Servicing Representative with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $14.72 based on 58 salaries. An early career Loan Servicing Representative with 1-4 years of experience earns an average total compensation of $15.20 based on 136 salaries. A mid-career Loan Servicing Representative with 5-9 years of experience earns an average total compensation of $16.35 based on 63 salaries. An experienced Loan Servicing Representative with 10-19 years of experience earns an average total compensation of $18.19 based on 54 salaries. In their late career (20 years and higher), employees earn an average total compensation of $20.

Pay Difference by Location

Learn more about cost of living by city.

Years of Experience

This data is based on 321 survey responses.
Entry Level
18.1%
Early Career
42.4%
Mid Career
19.6%
Experienced
16.8%
Late Career
3.1%