As of March 01, 2025, the average annual salary for a Loan Servicing Specialist I - Consumer Loans in Minnesota is $41,440. Salary.com reports that pay typically ranges from $36,340 to $46,200, with most professionals earning between $31,697 and $50,534.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $45,160 | $3,763 | $868 | $22 |
| Average | $40,505 | $3,375 | $779 | $19 |
| 25th Percentile | $35,514 | $2,959 | $683 | $17 |
An entry-level Loan Servicing Specialist I - Consumer Loans with under 1 year experience makes about $39,651. With less than 2 years of experience, a mid-level Loan Servicing Specialist I - Consumer Loans makes around $41,281. After 2-4 years, the Loan Servicing Specialist I - Consumer Loans pay rises to about $44,161. Those senior Loan Servicing Specialist I - Consumer Loans with 5-8 years of experience earn roughly $44,582, and those Loan Servicing Specialist I - Consumer Loans having 8 years or more experience are expected to earn about $44,793 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Servicing Specialist I - Consumer Loans | $39,651 |
| Intermediate Level Loan Servicing Specialist I - Consumer Loans | $41,281 |
| Senior Level Loan Servicing Specialist I - Consumer Loans | $44,161 |
| Specialist Level Loan Servicing Specialist I - Consumer Loans | $44,582 |
| Expert Level Loan Servicing Specialist I - Consumer Loans | $44,793 |
| Entry Level | 2% |
| Mid Level | 2% |
| Senior Level | 9% |
| Top Level | 10% |
| Experienced | 11% |
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Loan Servicing Specialist I - Consumer Loans salary varies from city to city. Compared with national average salary of Loan Servicing Specialist I - Consumer Loans, the highest Loan Servicing Specialist I - Consumer Loans salary is in San Francisco, CA, where the Loan Servicing Specialist I - Consumer Loans salary is 25.0% above. The lowest Loan Servicing Specialist I - Consumer Loans salary is in Miami, FL, where the Loan Servicing Specialist I - Consumer Loans salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $50,640 |
25.0%
|
| Washington, DC | $45,090 |
11.3%
|
| Miami, FL | $39,090 |
|
| Chicago, IL | $42,490 |
4.9%
|
| Boston, MA | $45,410 |
12.1%
|
| New York, NY | $47,310 |
16.8%
|
