How much does a Loan Servicing Clerk III make in Minnesota? The average Loan Servicing Clerk III salary in Minnesota is $50,059 as of February 26, 2024, but the range typically falls between $42,169 and $57,855. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Loan Servicing Clerk III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Servicing Clerk III Salary $34,986 MN February 26, 2024
25th Percentile Loan Servicing Clerk III Salary $42,169 MN February 26, 2024
50th Percentile Loan Servicing Clerk III Salary $50,059 MN February 26, 2024
75th Percentile Loan Servicing Clerk III Salary $57,855 MN February 26, 2024
90th Percentile Loan Servicing Clerk III Salary $64,953 MN February 26, 2024
25% $42,169 10% $34,986 90% $64,953 75% $57,855 $50,059 50%(Median) Didn’t find job title? Click
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What skills does a Loan Servicing Clerk III 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.

General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.

3.

Loan Review: Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.

Customer Service 8.73%
General Ledger 1.76%
Loan Review 1.39%
Others 88.12%

Job Description for Loan Servicing Clerk III

Loan Servicing Clerk III performs routine loan servicing administrative tasks. Processes payments, disbursements, changes, and other transactions. Being a Loan Servicing Clerk III verifies the completeness and accuracy of documents. Performs calculations for distributions. Additionally, Loan Servicing Clerk III monitors escrow payments and tracks delinquencies. Researches customer and internal inquiries and delivers a response or solution. Maintains required electronic files and system inputs. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Loan Servicing Clerk III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Loan Servicing Clerk III typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Servicing Clerk III in Minnesota

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Location Avg. Salary Date Updated
Location Lakeville, MN Avg. Salary $51,720 Date Updated February 26, 2024
Location Minnetonka, MN Avg. Salary $52,042 Date Updated February 26, 2024
Location Ada, MN Avg. Salary $45,096 Date Updated February 26, 2024
Location Adams, MN Avg. Salary $48,530 Date Updated February 26, 2024
Location Adolph, MN Avg. Salary $46,772 Date Updated February 26, 2024
Location Adrian, MN Avg. Salary $43,118 Date Updated February 26, 2024
Location Afton, MN Avg. Salary $51,661 Date Updated February 26, 2024
Location Ah Gwah Ching, MN Avg. Salary $45,946 Date Updated February 26, 2024
Location Aitkin, MN Avg. Salary $46,371 Date Updated February 26, 2024
Location Akeley, MN Avg. Salary $45,753 Date Updated February 26, 2024

Career Path for Loan Servicing Clerk III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Loan Servicing Clerk III, the upper level is Loan Servicing Supervisor and then progresses to Loan Servicing Manager.

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Loan Servicing Clerk III Salary in Minnesota
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