Senior Loan Servicing Representative Salary

Median pay for Senior Loan Servicing Representatives in the United States lies in the neighborhood of $20.14 per hour. While some workers in this profession — slightly more than a fifth — do not have any health coverage, a fair number do receive medical benefits and a majority have dental insurance. Men are in the minority of survey respondents, with female Senior Loan Servicing Representatives making up 72 percent. Work is enjoyable for Senior Loan Servicing Representatives, who typically claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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$40,337 - $75,760
$40K
$58K
$76K
MEDIAN: $57,547
10%
50%
90%

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$15.92 - $27.40
$16
$20
$27
MEDIAN: $20.06
10%
50%
90%

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$0$75K
Salary $40,337 - $75,760
Bonus $1,454 - $10,304
Profit Sharing $5,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$38,423 - $75,095
  • Country: United States
  • Currency: USD
  • Updated: 14 Sep 2017
  • Individuals Reporting: 41
Hourly Data $0$43
Hourly Rate $15.92 - $27.40
Overtime $25.76 - $43.36
Annual Data $0$75K
Bonus $1,454 - $10,304
Profit Sharing $5,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$38,423 - $75,095
  • Country: United States
  • Currency: USD
  • Updated: 14 Sep 2017
  • Individuals Reporting: 42

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Senior Loan Servicing Representative

Senior loan-servicing representatives are primarily responsible for providing customer service to clients seeking loans from a bank or financial institution. These representatives generally work in indoor office environments during regular business hours, though extended hours may be required depending on the employer.

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Senior Loan Servicing Representative Tasks

  • Assist in activities required to maintain loan servicing systems subsequent to loan closings.
  • Process commercial participation loan transactions.
  • Analyze loan accounting system reports, research errors on loan accounts and process adjusting entries.
  • Enter information into the general ledger system, review work for accuracy and perform reconciliations.

Senior Loan Servicing Representative Job Listings

Pay by Experience Level for Senior Loan Servicing Representative

Pay by Experience for a Senior Loan Servicing Representative has a positive trend. An entry-level Senior Loan Servicing Representative with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Loan Servicing Representative with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $43,000 based on 24 salaries. An experienced Senior Loan Servicing Representative which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $46,000 based on 36 salaries. A Senior Loan Servicing Representative with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $52,000 based on 20 salaries.

Related Job Salaries

Key Stats for Senior Loan Servicing Representative

Gender

Female
77 %
Male
23 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.
1-4 years
19%
5-9 years
22%
10-19 years
37%
20 years or more
22%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Loan Servicing Representative Salaries

Late-Career
▲10%

National Average
$47,000

Experienced
▼3%

Entry-Level
▼8%

Mid-Career
▼9%

Skills That Affect Senior Loan Servicing Representative Salaries

Commercial Loans
▲10%

National Average
$47,000

Customer Service
▼16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

1-4 years
19%
5-9 years
22%
10-19 years
37%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 65%
vision benefits
Vision: 57%
no benefits
None: 23%
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