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What is the salary range of Loan Servicing Specialist I - Consumer Loans?

As of December 01, 2024, the average annual pay of Loan Servicing Specialist I - Consumer Loans in Salt Lake City, UT is $39,010. While Salary.com is seeing that Loan Servicing Specialist I - Consumer Loans salary in Salt Lake City, UT can go up to $47,569 or down to $29,821, but most earn between $34,200 and $43,490. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Servicing Specialist I - Consumer Loans in the United States.

Loan Servicing Specialist I - Consumer Loans Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $43,490 $3,624 $836 $21
Average $39,010 $3,251 $750 $19
25th Percentile $34,200 $2,850 $658 $16

Average Salary

25% $34,200 10% $29,821 90% $47,569 75% $43,490 $39,010 50%(Median) Didn’t find job title? Click
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View Loan Servicing Specialist I - Consumer Loans Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Loan Servicing Specialist I - Consumer Loans salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Loan Servicing Specialist I - Consumer Loans hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Loan Servicing Specialist I - Consumer Loans $37,596
Intermediate Level Loan Servicing Specialist I - Consumer Loans $39,143
Senior Level Loan Servicing Specialist I - Consumer Loans $41,873
Specialist Level Loan Servicing Specialist I - Consumer Loans $42,273
Expert Level Loan Servicing Specialist I - Consumer Loans $42,473
$37,596 0 yr
$39,143 < 2 yrs
$41,873 2-4 yrs
$42,273 5-8 yrs
$42,473 > 8 yrs
Last Updated on December 01, 2024
Entry Level 4%
Mid Level 0%
Senior Level 7%
Top Level 8%
Experienced 9%
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Last Updated on December 01, 2024

Job Openings of Loan Servicing Specialist I - Consumer Loans

Salary.com job board provides millions of Loan Servicing Specialist I - Consumer Loans information for you to search for. Click on search button below to see Loan Servicing Specialist I - Consumer Loans job openings or enter a new job title here.

Cost of Living In Salt Lake City, UT

Cost of Living in Salt Lake City , UT is
7.4% Higher
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Loan Servicing Specialist I - Consumer Loans

What skills does a Loan Servicing Specialist I - Consumer Loans need?

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.

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.

2.

Commercial Loans: A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.

3.

Bank Secrecy Act: The Currency and Foreign Transactions Reporting Act of 1970—which legislative framework is commonly referred to as the "Bank Secrecy Act" (BSA)—requires U.S. financial institutions to assist U.S. government agencies to detect and prevent money laundering.

Customer Service 8.44%
Commercial Loans 1.72%
Bank Secrecy Act 1.3%
Others 88.54%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Loan Servicing Specialist I - Consumer Loans higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Construction Loans, you can get a 34% salary raise. If you are good at Decision Making, your salary will increase by 12%. If you are expert in Coordination, your salary will rise by 10%.
Skill Salary Demand
Construction Loans
$52,273
34%
Decision Making
$43,691
12%
Coordination
$42,911
10%
Confidentiality
$42,521
9%
Listening
$42,521
9%
Word Processing
$42,131
8%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Loan Servicing Specialist I - Consumer Loans is $39,010 per year in Salt Lake City, UT, updated at December 01, 2024.
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