Loans Servicing Specialist Salary at Ozarks Federal Savings And Loan BETA

How much does an Ozarks Federal Savings And Loan Loans Servicing Specialist make?

As of March 2025, the average annual salary for a Loans Servicing Specialist at Ozarks Federal Savings And Loan is $35,023, which translates to approximately $17 per hour. Salaries for Loans Servicing Specialist at Ozarks Federal Savings And Loan typically range from $31,237 to $38,755, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Ozarks Federal Savings and Loan Overview

Website:
ofsl.bank
Size:
25 - 50 Employees
Revenue:
$5M - $10M
Industry:
Financial Services

As a savings and loan, or thrift, we simply gather deposits from our members and lend them out for people in our communities to purchase or build their own homes. We don't sell insurance, stocks, or take on risky, commercial ventures. As a depositor or a borrower, you automatically become a member, or owner, of our mutual association. Every decision we make is focused around your best interests, not those of some special class of investors. Our employees genuinely care about you and are eager to assist you in setting up your checking or savings account, signing up for electronic banking on your computer or mobile banking on your smartphone, or helping you secure a home loan. Most importantly, Ozarks Federal Savings and Loan is local. We are privileged to serve the communities of Farmington, Festus, Fredericktown, Ironton, and Potosi. All decisions are made locally.

See similar companies related to Ozarks Federal Savings And Loan

What Skills Does a person Need at Ozarks Federal Savings And Loan?

At Ozarks Federal Savings And Loan, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Loan Servicing: Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. The vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA)). Because GSEs and private loan investors typically do not service the mortgage loans that they purchase, the bank who sells the mortgage will generally retain the right to service the mortgage pursuant to a master servicing agreement. The payments collected by the mortgage servicer are remitted to various parties; distributions typically include paying taxes and insurance from escrowed funds, remitting principal and interest payments to investors holding mortgage-backed securities (or other types of instruments backed by pools of mortgage loans), and remitting fees to mortgage guarantors, trustees, and other third parties providing services. The level of service varies depending on the type of loan and the terms negotiated between the servicer and the investor seeking their services, and may also include activities such as monitoring delinquencies, workouts/ restructurings and executing foreclosures.
  2. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  3. Consumer Loans: a consumer loan is any type of loan made to a consumer by a creditor. The loan can be secured (backed by the assets of the borrower) or unsecured (not backed by the assets of the borrower).
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

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Check more jobs information at Ozarks Federal Savings And Loan

Job Title Average Ozarks Federal Savings And Loan Salary Hourly Rate
2 Chief Financial Officer $362,348 $174
3 Loan Closing Specialist $47,369 $23
4 Loan Officer $53,726 $26
5 Assistant Controller $137,269 $66
6 Assistant Vice President $52,730 $25
7 Branch Manager & Loan Officer $44,112 $21
8 Loan Processor $37,993 $18
9 Loan Servicing Manager $73,400 $35
10 Loan Servicing Specialist $35,023 $17
11 Mortgage Loan Originator $40,340 $19
12 Operations Compliance Specialist $52,657 $25

Hourly Pay at Ozarks Federal Savings And Loan

The average hourly pay at Ozarks Federal Savings And Loan for a Loans Servicing Specialist is $17 per hour. The location, department, and job description all have an impact on the typical compensation for Ozarks Federal Savings And Loan positions. The pay range and total remuneration for the job title are shown in the table below. Ozarks Federal Savings And Loan may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $35,023 look to you?

FAQ about Salary and Jobs at Ozarks Federal Savings And Loan

1. How much does Ozarks Federal Savings And Loan pay per hour?
The average hourly pay is $17. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Ozarks Federal Savings And Loan?
According to the data, the highest approximate salary is about $38,755 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Ozarks Federal Savings And Loan?
According to the data, the lowest estimated salary is about $31,237 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.