As of July 01, 2026, the average salary for a Loan Servicing Clerk III in Shingleton, MI is $48,238 per year, which breaks down to an hourly rate of $23.
However, a Loan Servicing Clerk III's salary can vary significantly. Here’s a look at the typical salary range:
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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, skills, and company size can directly affect your earning potential.
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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Loan Servicing Clerk I | 0-1 years | $38,952 |
| Loan Servicing Clerk II | 1-3 years | $43,414 |
| Loan Servicing Clerk III | 3-5 years | $48,238 |
| Loan Servicing Supervisor | 5+ years | $59,329 |
| Loan Servicing Manager | 5+ years | $90,017 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 8.8% |
| Data Entry | 1.77% |
| Financial Services | 1.4% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Process Improvement
|
$61,745 |
28%
|
|
Analytical Skills
|
$60,780 |
26%
|
|
Leadership
|
$55,474 |
15%
|
|
Accountability
|
$54,991 |
14%
|
|
Payment Processing
|
$54,991 |
14%
|
|
Flexibility
|
$53,544 |
11%
|
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 $51,456. While startup companies pay approximate $43,666.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $43,666 |
| Growth Stage | 51~500 | $46,149 |
| Established | 501~5000 | $49,736 |
| Enterprise | 5000+ | $51,456 |
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.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $53,062 | $26.0 | 10% |
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 July 01, 2026Promotions 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 | $59,347 | 23% |
| Escrow Officer | $54,284 | 13% |
Ready to take the next step in your career? Browse thousands of current Loan Servicing Clerk III job openings on our job board. Use the search bar below to find your perfect match.
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