The salary of a Loan Servicing Clerk II in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of January 01, 2025, the average annual salary for a Loan Servicing Clerk II in the United States is $45,872. According to Salary.com, salaries can range from a low of $37,375 to a high of $56,972, with most professionals earning between $41,424 and $51,682.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $51,682 | $4,307 | $994 | $25 |
| Average | $45,872 | $3,823 | $882 | $22 |
| 25th Percentile | $41,424 | $3,452 | $797 | $20 |
An entry-level Loan Servicing Clerk II with less than 1 year of experience earns about $44,071. With 1-2 years of experience, the average salary increases to $44,203. For 2-4 years of experience, the pay typically rises to $45,950. Senior-level professionals with 5-8 years of experience earn around $48,360, and those with over 8 years of experience can expect an average of $48,532.
| Levels | Salary |
|---|---|
| Entry Level Loan Servicing Clerk II | $44,071 |
| Intermediate Level Loan Servicing Clerk II | $44,203 |
| Senior Level Loan Servicing Clerk II | $45,950 |
| Specialist Level Loan Servicing Clerk II | $48,360 |
| Expert Level Loan Servicing Clerk II | $48,532 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 0% |
| Top Level | 5% |
| Experienced | 6% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of January 01, 2025, our research reveals a significant shift in Loan Servicing Clerk II compensation over the past six years. For example, the median salary increased from $45,227 in 2023 to approximately $45,351 in 2024. (For a detailed analysis of Loan Servicing Clerk II salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Loan Servicing Clerk II information for you to search for. Click on search button below to see Loan Servicing Clerk II job openings or enter a new job title here.
Here are companies hiring for Loan Servicing Clerk II and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $45,872 | 66.5% | ||
| Bonus | $2,160 | 3.1% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $3,674 | 5.3% | ||
| 401K/403B | $2,257 | 3.3% | ||
| Disability | $384 | 0.6% | ||
| Healthcare | $6,056 | 8.8% | ||
| Pension | $2,642 | 3.8% | ||
| Time Off | $5,912 | 8.6% | ||
| Total Compensation | $68,957 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 33.3% |
| Associates | 16.7% |
| Bachelors | 50.0% |
What Am I Worth?
The average annual salary of Loan Servicing Clerk II is $45,872. In case you are finding an easy salary calculator, the average hourly pay of Loan Servicing Clerk II is $22; the average weekly pay of Loan Servicing Clerk II is $882; the average monthly pay of Loan Servicing Clerk II is $3,823.
A Loan Servicing Clerk II'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 II earns the most in San Jose, CA, where the annual salary of a Loan Servicing Clerk II is $57,569.
The highest pay for Loan Servicing Clerk II is $56,972.
The lowest pay for Loan Servicing Clerk II is $37,375.
Loan Servicing Clerk II performs routine loan servicing administrative tasks. Processes payments, disbursements, changes, and other transactions. Being a Loan Servicing Clerk II verifies the completeness and accuracy of documents. Performs calculations for distributions. Additionally, Loan Servicing Clerk II 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 II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Loan Servicing Clerk II typically requires 1-3 years of related experience.
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.
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.
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.
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.
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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.)
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