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Loan Servicing Clerk I Salary in the United States

How much does a Loan Servicing Clerk I make in the United States?

As of May 01, 2026, the average salary for a Loan Servicing Clerk I in the United States is $41,743 per year, which breaks down to an hourly rate of $20.

However, a Loan Servicing Clerk I's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $47,952
  • Majority Range (25th-75th percentile): $38,408 to $44,993
  • Entry-Level (10th percentile): $35,372
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View as table View as graph 25% $38,408 10% $35,372 90% $47,952 75% $44,993 $41,743 50%(Median) Didn’t find job title? Click

Loan Servicing Clerk I Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $44,993 $3,749 $865 $22
Average $41,743 $3,479 $803 $20
25th Percentile $38,408 $3,201 $739 $18
Check out Loan Servicing Clerk I Job Openings in the United States
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Key Factors That Influence Loan Servicing Clerk I Salaries

A Loan Servicing Clerk I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Loan Servicing Clerk Salaries?

Experience is a primary driver of a Loan Servicing Clerk I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Loan Servicing Clerk I (0-1 years): $41,743
  • Loan Servicing Clerk II (1-3 years): $46,519
  • Loan Servicing Clerk III (3-5 years): $51,685
  • Loan Servicing Supervisor (5+ years): $63,558
  • Loan Servicing Manager (5+ years): $96,429
Job Role Years of Experience Average Salary
Loan Servicing Clerk I0-1 years$41,743
Loan Servicing Clerk II1-3 years$46,519
Loan Servicing Clerk III3-5 years$51,685
Loan Servicing Supervisor5+ years$63,558
Loan Servicing Manager5+ years$96,429
$41,743 Loan Serv...
$46,519 Loan Serv...
$51,685 Loan Serv...
$63,558 Loan Serv...
$96,429 Loan Serv...
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What Am I Worth?

Top Paying Cities for Loan Servicing Clerk Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $52,650
  • San Francisco: $52,074
  • Oakland: $50,977

What Skills Can Increase a Loan Servicing Clerk I's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 8.51% Job Postings): 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.
  • Commercial Loans (Mentioned in 1.74% Job Postings): 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.
  • Financial Services (Mentioned in 1.38% Job Postings): A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
See More Skills
Skills Demand Percentage
Customer Service 8.51%
Commercial Loans 1.74%
Financial Services 1.38%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Servicing Clerk I's salary.
  • Construction Loans: Can increase your salary by up to 34%.
  • Decision Making: Can increase your salary by up to 12%.
  • Coordination: Can increase your salary by up to 10%.
Skill Salary Salary % Increase
Construction Loans
$55,936
34%
Decision Making
$46,752
12%
Coordination
$45,917
10%
Confidentiality
$45,500
9%
Listening
$45,500
9%
Word Processing
$45,082
8%
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How Education impacts a Loan Servicing Clerk I's Salary?

Your level of education can impact your salary potential. While many Loan Servicing Clerk Is enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Loan Servicing Clerk I with a High School Diploma or Technical Certificate is between $38,022 and $40,695).

Loan Servicing Clerk I Salaries by Degree Level

Typical Education for Loan Servicing Clerk I
Degree Level % of user with this level of education
No Diploma 32.0%
High School 32.0%
Associates 20.0%
Bachelors 48.0%
Masters 0.0%
Doctorate 0.0%
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Loan Servicing Clerk I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Servicing Clerk I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on May 01, 2026

Loan Servicing Clerk I Salary Growth & Career Path

Promotions are the fastest way to increase your earnings. As a Loan Servicing Clerk I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Loan Servicing Clerk I Salary Growth and Career Path
Next Step Role Estimate Salary Projected Raise
Loan Servicing Clerk II $46,519 11%
Escrow Officer $58,165 39%

Salary Trends for Loan Servicing Clerk I

Salaries for a Loan Servicing Clerk I can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $41,205 in 2023 to around $41,006 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Loan Servicing Clerk I salary trends, .

Average Annual Salary of Loan Servicing Clerk I Over Time

2022
$???
2023
$41,205
2024
$41,245
2025
$41,006
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $41,205
2024 $41,245
2025 $41,006
2026
View More
2027
View More

Most common benefits for Loan Servicing Clerk I

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Loan Servicing Clerk I

Here are companies hiring for Loan Servicing Clerk I and their salaries, click below for more details.

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Ready to take the next step in your career? Browse thousands of current Loan Servicing Clerk I job openings on our job board. Use the search bar below to find your perfect match.

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FAQ about Loan Servicing Clerk I

1. Where can a Loan Servicing Clerk I earn the most?

A Loan Servicing Clerk I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Loan Servicing Clerk I earns the most in San Jose, CA, where the annual salary of a Loan Servicing Clerk I is $52,650.

2. What is the highest pay for Loan Servicing Clerk I?

The highest pay for Loan Servicing Clerk I is $47,952.

3. What is the lowest pay for Loan Servicing Clerk I?

The lowest pay for Loan Servicing Clerk I is $35,372.

4. What are the responsibilities of Loan Servicing Clerk I?

Services and maintains loan accounts by performing routine administrative tasks, ensuring accurate loan records, and providing customer support for the duration of the loan term. Reviews loan documentation and system records to verify payment activity, interest calculations, and account balances. Updates borrower information, processes payments, and applies adjustments such as escrow updates, late fees, or payoff calculations. Responds to borrower inquiries regarding loan balances, payment status, and servicing policies while maintaining compliance with regulatory guidelines. Maintains accurate loan files and supports audits by organizing documentation and verifying data accuracy. Requires a high school diploma. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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