Average Loan Servicing Specialist Hourly Pay

$17.77
Avg. Hourly RateShow Salary
$1,944
Bonus
$1,250
Profit Sharing
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The average hourly pay for a Loan Servicing Specialist is $17.77.
10%
$14.23
MEDIAN
$17.77
90%
$23.53
Is Loan Servicing Specialist your job title? Find out what you should be paid
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Hourly Rate
$14 - $24
Bonus
$298 - $5,102
Profit Sharing
$295 - $3,561
Total Pay
$30,073 - $54,577
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Job Satisfaction for Loan Servicing Specialist

3.5 out of 5
(77)
Highly Satisfied
3Reviews
The top respondents for the job title Loan Servicing Specialist are from the companies Wells Fargo & Co., Wells Fargo Home Mortgage and Wells Fargo Bank. Reported salaries are highest at Wells Fargo & Company where the average pay is $19.48. Other companies that offer high salaries for this role include Bank of America Corp. (BOFA), earning around $19.31. Wells Fargo Home Mortgage pays the lowest at around $16.78. Wells Fargo & Co. also pays on the lower end of the scale, paying $17.20.

Loan Servicing Specialist Job Listings

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What Are Popular Skills for Loan Servicing Specialists?

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

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

An entry-level Loan Servicing Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $15.28 based on 14 salaries. An early career Loan Servicing Specialist with 1-4 years of experience earns an average total compensation of $17.24 based on 123 salaries. A mid-career Loan Servicing Specialist with 5-9 years of experience earns an average total compensation of $18.71 based on 62 salaries. An experienced Loan Servicing Specialist with 10-19 years of experience earns an average total compensation of $18.75 based on 48 salaries. In their late career (20 years and higher), employees earn an average total compensation of $20.
Employees with Loan Servicing Specialist in their job title in Seattle, Washington earn an average of 10.1% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (7.3% more). The lowest salaries can be found in Atlanta, Georgia (17.2% less), Charlotte, North Carolina (14.1% less) and Phoenix, Arizona (11.0% less).

Years of Experience

This data is based on 269 survey responses.
Entry Level
5.2%
Early Career
45.7%
Mid Career
23.0%
Experienced
17.8%
Late Career
8.2%