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Loan Servicing Clerk III Salary in the United States

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

As of September 01, 2026, the average salary for a Loan Servicing Clerk III in the United States is $51,695 per year, which breaks down to an hourly rate of $25.

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

  • Top Earners (90th percentile): $59,944
  • Majority Range (25th-75th percentile): $48,222 to $56,013
  • Entry-Level (10th percentile): $45,060
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Loan Servicing Clerk III Salaries

A Loan Servicing Clerk III'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 III Salaries?

Experience is a primary driver of a Loan Servicing Clerk III'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): $41,735
  • Loan Servicing Clerk II (1-3 years): $46,524
  • Loan Servicing Clerk III (3-5 years): $51,695
  • Loan Servicing Supervisor (5+ years): $72,606
  • Loan Servicing Manager (5+ years): $96,489
Job Role Years of Experience Average Salary
Loan Servicing Clerk I0-1 years$41,735
Loan Servicing Clerk II1-3 years$46,524
Loan Servicing Clerk III3-5 years$51,695
Loan Servicing Supervisor5+ years$72,606
Loan Servicing Manager5+ years$96,489
View as Graph

How Do Loan Servicing Clerk III Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Servicing Clerk IIIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $57,237.
  • California: $57,020.
  • Massachusetts: $56,260.

Top Paying Cities for Loan Servicing Clerk IIIs

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: $65,203
  • San Francisco: $64,489
  • Oakland: $63,130

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

Demanded Skills for the Role:

  • Customer Service (Mentioned in 8.8% 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.
  • Data Entry (Mentioned in 1.77% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
  • Financial Services (Mentioned in 1.4% 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.
Skills Demand Percentage
Customer Service 8.8%
Data Entry 1.77%
Financial Services 1.4%
See More Skills

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 III's salary.

  • Process Improvement: Can increase your salary by up to 28%.
  • Analytical Skills: Can increase your salary by up to 26%.
  • Leadership: Can increase your salary by up to 15%.
Skill Salary Salary % Increase
Process Improvement $66,170
28%
Analytical Skills $65,136
26%
Leadership $59,449
15%
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Loan Servicing Clerk III Salary by Company Size: Startups vs. Enterprise

Loan Servicing Clerk III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $55,109. While startup companies pay approximate $46,769.

Loan Servicing Clerk III Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $46,769
Growth Stage 51~500 $49,433
Established 501~5000 $53,255
Enterprise 5000+ $55,109

Loan Servicing Clerk III Salary by Industry: Top Paying Sectors

For Loan Servicing Clerk III roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 10% above the average. Conversely, Loan Servicing Clerk positions in Business Services typically offer lower base pay, as this sector often view Loan Servicing Clerk III as a support function rather than a direct revenue driver.

The top paying industry for a Loan Servicing Clerk III

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$56,865$27.010%

How Education impacts a Loan Servicing Clerk III's Salary?

Your level of education can impact your salary potential. While many Loan Servicing Clerk III enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Loan Servicing Clerk III with a Bachelor's Degree is between $48,906 and $52,635.

Loan Servicing Clerk III Salaries by Degree Level

Typical Education for Loan Servicing Clerk III
Degree Level % of user with this level of education
No Diploma 33.3%
High School 66.7%
Associates 33.3%
Bachelors 66.7%
Masters 0.0%
Doctorate 0.0%
View as Graph

Loan Servicing Clerk III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Servicing Clerk III'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 September 01, 2026
$48,222
Average $51,695/year
$56,013
$4,019
Average $4,308/month
$4,668
$927
Average $994/week
$1,077
$23
Average $25/hour
$27
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $56,013 $4,668 $1,077 $27
Average $51,695 $4,308 $994 $25
25th Percentile $48,222 $4,019 $927 $23

Loan Servicing Clerk III Salary Growth & Career Path

Loan Servicing Clerk III

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Loan Servicing Clerk III, 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.

Next Step Role Estimate Salary Projected Raise
Loan Servicing Clerk IV $63,613 23%
Escrow Officer $58,171 13%

Most common benefits for Loan Servicing Clerk III

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Loan Servicing Clerk III

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

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FAQ about Loan Servicing Clerk III

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

A Loan Servicing Clerk III'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 III earns the most in San Jose, CA, where the annual salary of a Loan Servicing Clerk III is $65,203.

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

The highest pay for Loan Servicing Clerk III is $59,944.

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

The lowest pay for Loan Servicing Clerk III is $45,060.

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

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 independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience.

5. What industry pays the highest salary for Loan Servicing Clerk III?

The Financial Services industry offers the highest average compensation for Loan Servicing Clerk III roles, with salaries approximately 10% above the market median.

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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