What are the main factors that influence a Loan Representative's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Loan Representative's salary?

A Loan Representative's salary grows with experience: a Loan Processor I (0-1 years)earns $44,098, a Loan Representative (1-3 years)earns $49,391, a Loan Processor III (3-5 years)earns $59,849, a Loan Processing Supervisor (5+ years)earns $64,681,

What are the highest paying states for a Loan Representative?

Loan Representative salary varies significantly by state. The top 3 highest paying states for Loan Representative roles are District of Columbia $53,756, California $53,552, Massachusetts $52,838. These tech hubs typically pay 10-15% above the national average.

How much do different types of Loan Representative roles make?

Salaries for Loan Representative level roles vary by specialization: Consumer Loan Support Representative I: $72,900; Mortgage Loan Quality Assurance Representative: $49,868; Loan Operations Representative: $49,675; Consumer Loan Support Representative III: $48,400; Consumer Loan Call Center Representative II: $48,307.

How do different companies affect a Loan Representative's salary?

Company size, industry, and compensation structure create significant salary variations for Loan Representative roles. Large, established industry leaders like Kpmg Us LLP ($114,295) and Warner Bros Discovery ($114,096) offer base salaries 35-40% above the national average. In contrast, smaller firms or startups may offer closer to $88,138.

Loan Representative Salary in the United States

How much does a Loan Representative make in the United States?

As of April 01, 2026, the average salary for a Loan Representative in the United States is $48,551 per year, which breaks down to an hourly rate of $23.

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

Top Earners (90th percentile): $57,064
Majority Range (25th-75th percentile): $44,521 to $53,007
Entry-Level (10th percentile): $40,851

Compensation Planning

Develop a Job Description

Pay Equity

2025 Compensation Trend

AI-Powered Talent

AI-Powered HR

Salary Salary + Bonus Benefits

View as table

Loan Representative Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$53,007	$4,417	$1,019	$25
Average	$48,551	$4,046	$934	$23
25th Percentile	$44,521	$3,710	$856	$21

You may get higher pay by adjusting the following factors:

Change Search Criteria

Check out Loan Representative Job Openings in the United States

Loan Servicing Representative

Cornerstone Community Financial Credit Union - Toledo, OH

Travel RN

Focus Staff - ALEXANDRIA, LA

Registered Nurses

Heritage Gardens Healthcare & Rehabilitation - OSKALOOSA, KS

Travel ER RN

Focus Staff - YUMA, AZ

Search More Loan Representative Jobs in the United States

Key Factors That Influence Loan Representative Salaries

A Loan Representative'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 Do Loan Representative 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 Representatives. For example, consider the average annual salaries in these key locations:

District of Columbia: $53,756.
California: $53,552.
Massachusetts: $52,838.

District of Columbia $53,756

California $53,552

Massachusetts $52,838

Washington $52,644

New Jersey $52,625

Alaska $52,557

Connecticut $51,887

New York $51,615

Hawaii $50,746

Rhode Island $50,338

Maryland $50,061

Minnesota $49,682

Colorado $49,537

Illinois $49,488

Oregon $49,304

Delaware $49,168

New Hampshire $49,082

Virginia $48,891

Pennsylvania $48,333

Nevada $48,051

North Dakota $47,959

Michigan $47,813

Wisconsin $47,760

Vermont $47,653

Texas $47,357

Maine $47,337

Arizona $47,308

Ohio $47,274

Georgia $46,828

Indiana $46,604

Wyoming $46,561

Utah $46,493

Iowa $46,463

Kansas $46,230

Louisiana $46,162

North Carolina $46,138

Missouri $46,128

Florida $45,939

Montana $45,837

Nebraska $45,740

Kentucky $45,687

South Carolina $45,492

Tennessee $45,371

Idaho $45,323

New Mexico $44,968

Oklahoma $44,890

Alabama $44,604

South Dakota $44,123

Arkansas $43,861

West Virginia $43,720

Mississippi $43,298

Top Paying Cities for Loan Representatives

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: $61,238
San Francisco: $60,636
Oakland: $59,291

San Jose, CA $61,238

San Francisco, CA $60,636

Oakland, CA $59,291

New York, NY $56,266

Queens Village, NY $55,902

Paramus, NJ $55,513

Passaic, NJ $55,465

Bergenfield, NJ $55,416

Stamford, CT $55,344

Huntington, NY $55,295

Newark, NJ $54,979

Bridgeport, CT $54,882

New Brunswick, NJ $54,722

Vallejo, CA $54,620

Middlesex, NJ $54,591

Somerset, NJ $54,547

Petaluma, CA $54,436

Santa Cruz, CA $54,246

Boston, MA $54,149

Monterey, CA $53,906

Fairbanks, AK $53,872

Los Angeles, CA $53,780

Washington, DC $53,756

Seattle, WA $53,668

Santa Rosa, CA $53,659

Juneau, AK $53,518

Orange, CA $53,358

Anchorage, AK $53,270

Anaheim, CA $53,236

Santa Ana, CA $53,164

Nassau, NY $53,134

Long Beach, CA $53,115

Danbury, CT $53,100

Santa Maria, CA $52,935

Everett, WA $52,926

Bremerton, WA $52,688

Trenton, NJ $52,596

Sacramento, CA $52,576

San Diego, CA $52,552

Brockton, MA $52,532

Tacoma, WA $52,513

Santa Barbara, CA $52,445

Lowell, MA $52,251

New Suffolk, NY $52,231

Nashua, NH $52,173

Lompoc, CA $52,095

Ventura, CA $52,047

Stockton, CA $52,032

New Haven, CT $51,935

Atlantic City, NJ $51,809

Hartford, CT $51,702

Modesto, CA $51,678

Poughkeepsie, NY $51,571

New Britain, CT $51,547

Olympia, WA $51,479

Kennewick, WA $51,479

New London, CT $51,469

Norwich, CT $51,455

Lawrence, MA $51,430

Bakersfield, CA $51,294

Riverside, CA $51,226

New Bedford, MA $51,226

Richland, WA $51,178

Portsmouth, NH $51,139

Vineland, NJ $51,129

San Bernardino, CA $51,090

Boulder, CO $50,954

Worcester, MA $50,916

Portland, OR $50,872

Saint Paul, MN $50,814

Minneapolis, MN $50,814

Philadelphia, PA $50,746

Honolulu, HI $50,488

Springfield, MA $50,318

Providence, RI $50,314

Chicago, IL $50,173

Bellingham, WA $50,115

Baltimore, MD $50,061

Chico, CA $49,940

Wilmington, DE $49,857

Pittsfield, MA $49,809

Manchester, NH $49,716

Spokane, WA $49,503

Denver, CO $49,498

Albany, NY $49,270

Troy, NY $49,250

Schenectady, NY $49,148

Burlington, VT $49,042

Portland, ME $48,872

Salem, OR $48,833

Yakima, WA $48,823

Ann Arbor, MI $48,809

Rochester, MN $48,673

Fresno, CA $48,648

Reno, NV $48,648

Milwaukee, WI $48,605

Detroit, MI $48,556

Allentown, PA $48,541

Carson City, NV $48,537

Houston, TX $48,464

Colorado Springs, CO $48,459

Syracuse, NY $48,435

Eugene, OR $48,342

Bismarck, ND $48,284

Gary, IN $48,284

Galveston, TX $48,284

Springfield, OR $48,245

Medford, OR $48,129

Fort Collins, CO $48,109

Austin, TX $48,071

Mesa, AZ $47,969

Phoenix, AZ $47,959

Dallas, TX $47,944

Reading, PA $47,915

Saint Cloud, MN $47,896

Concord, NH $47,852

Madison, WI $47,833

Utica, NY $47,702

Raleigh, NC $47,663

Las Vegas, NV $47,658

Rochester, NY $47,624

Des Moines, IA $47,619

Atlanta, GA $47,541

Battle Creek, MI $47,527

Salt Lake City, UT $47,512

Lancaster, PA $47,439

Champaign, IL $47,430

Harrisburg, PA $47,371

Durham, NC $47,328

Kansas City, MO $47,323

Kansas City, KS $47,313

Fort Worth, TX $47,308

Boca Raton, FL $47,289

Cleveland, OH $47,284

Columbus, OH $47,274

Pittsburgh, PA $47,269

Richmond, VA $47,250

Indianapolis, IN $47,240

Cincinnati, OH $47,177

Petersburg, VA $47,104

Billings, MT $46,998

Lansing, MI $46,998

Huntsville, AL $46,998

Lebanon, PA $46,993

Dayton, OH $46,988

Pueblo, CO $46,988

Appleton, WI $46,973

Buffalo, NY $46,954

Racine, WI $46,930

Charlotte, NC $46,925

Saint Louis, MO $46,910

Springfield, IL $46,891

Elkhart, IN $46,881

York, PA $46,881

Gastonia, NC $46,876

Benton Harbor, MI $46,876

Beaumont, TX $46,847

Lorain, OH $46,837

Toledo, OH $46,818

Binghamton, NY $46,794

Rock Hill, SC $46,789

Rockford, IL $46,765

Fargo, ND $46,740

Elyria, OH $46,740

Flagstaff, AZ $46,706

Fort Lauderdale, FL $46,677

Miami, FL $46,648

Duluth, MN $46,570

Bangor, ME $46,507

Cedar Rapids, IA $46,454

Louisville, KY $46,430

Grand Rapids, MI $46,420

Hialeah, FL $46,415

Casper, WY $46,347

Scranton, PA $46,289

New Orleans, LA $46,274

Virginia Beach, VA $46,269

Akron, OH $46,245

Peoria, IL $46,182

Sarasota, FL $46,172

Green Bay, WI $46,138

Baton Rouge, LA $46,114

Charleston, SC $46,104

Nashville, TN $46,090

Jamestown, NY $46,080

Davenport, IA $46,080

Tucson, AZ $46,056

Cheyenne, WY $46,041

Saint Petersburg, FL $46,027

Tampa, FL $46,017

Omaha, NE $46,007

Port Arthur, TX $45,988

Evansville, IN $45,988

Bradenton, FL $45,968

Santa Fe, NM $45,881

Orlando, FL $45,832

Clearwater, FL $45,779

Canton, OH $45,677

La Crosse, WI $45,677

Grand Forks, ND $45,662

Albuquerque, NM $45,648

Tulsa, OK $45,648

Newport News, VA $45,643

High Point, NC $45,628

Ogden, UT $45,609

Corpus Christi, TX $45,570

Laramie, WY $45,541

Norfolk, VA $45,541

Rock Island, IL $45,512

Saginaw, MI $45,502

Jacksonville, FL $45,497

Salisbury, NC $45,488

Memphis, TN $45,478

Moline, IL $45,454

Fort Myers, FL $45,439

Waterloo, IA $45,376

Spartanburg, SC $45,327

Lincoln, NE $45,303

Fort Wayne, IN $45,293

Birmingham, AL $45,240

Cedar Falls, IA $45,230

Provo, UT $45,225

Springfield, OH $45,221

San Antonio, TX $45,211

Greensboro, NC $45,191

South Bend, IN $45,187

Winston Salem, NC $45,182

Boise, ID $45,167

Savannah, GA $45,133

Muskegon, MI $45,046

Lima, OH $44,988

Lake Charles, LA $44,968

Anderson, IN $44,958

Lexington, KY $44,944

Augusta, GA $44,929

Greenville, SC $44,929

Wichita, KS $44,886

Tuscaloosa, AL $44,886

Columbia, SC $44,842

Bloomington, IN $44,721

Roanoke, VA $44,691

Asheville, NC $44,628

Knoxville, TN $44,546

Shreveport, LA $44,541

Wilmington, NC $44,478

Frankfort, KY $44,386

Oklahoma City, OK $44,352

Chillicothe, OH $44,332

Longview, TX $44,327

Topeka, KS $44,313

Mobile, AL $44,240

Terre Haute, IN $44,220

Erie, PA $44,216

Altoona, PA $44,191

Melbourne, FL $44,177

Amarillo, TX $44,157

Killeen, TX $44,143

Fayetteville, AR $44,104

Sioux Falls, SD $44,070

Chattanooga, TN $44,041

Idaho Falls, ID $44,036

Gainesville, FL $43,934

Portsmouth, OH $43,910

Little Rock, AR $43,900

Lynchburg, VA $43,900

Lafayette, LA $43,881

Youngstown, OH $43,881

Temple, TX $43,861

Daytona Beach, FL $43,851

Clarksville, TN $43,847

Pensacola, FL $43,842

Hopkinsville, KY $43,696

Charleston, WV $43,691

Florence, SC $43,667

Sioux City, IA $43,638

Macon, GA $43,497

Tallahassee, FL $43,492

Fayetteville, NC $43,482

Waco, TX $43,473

Wichita Falls, TX $43,473

Pine Bluff, AR $43,453

Vincennes, IN $43,361

Lubbock, TX $43,342

Great Falls, MT $43,313

Alamogordo, NM $43,308

Abilene, TX $43,269

Rapid City, SD $43,206

Monroe, LA $43,206

Albany, GA $43,177

Huntington, WV $43,172

Jackson, MS $43,167

Greenville, MS $43,162

Parkersburg, WV $43,113

Montgomery, AL $43,104

Johnstown, PA $43,094

Springfield, MO $43,055

Biloxi, MS $43,031

Sumter, SC $42,929

Columbus, GA $42,924

Twin Falls, ID $42,895

Pascagoula, MS $42,832

Kingsport, TN $42,706

Gulfport, MS $42,691

Alexandria, LA $42,531

Fort Smith, AR $42,409

El Paso, TX $42,278

Helena, MT $42,215

Las Cruces, NM $42,060

Harlingen, TX $41,924

Pocatello, ID $41,880

Florence, AL $41,866

Brownsville, TX $41,856

Dothan, AL $41,778

Mcallen, TX $41,754

Columbus, MS $41,395

Altus, OK $41,171

Lawton, OK $41,079

Pierre, SD $40,904

What Skills Can Increase a Loan Representative's Salary?

Demanded Skills for the Role:

Customer Service (Mentioned in 9.84% 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 2.85% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
Loan Review (Mentioned in 1.38% Job Postings): 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.

See More Skills

Skills	Demand Percentage
Customer Service	9.84%
Data Entry	2.85%
Loan Review	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 Representative's salary.

Team Operations: Can increase your salary by up to 7%.
Leadership: Can increase your salary by up to 6%.
Onboarding: Can increase your salary by up to 5%.

Skill	Salary	Salary % Increase
Team Operations	$51,950	7%
Leadership	$51,464	6%
Onboarding	$50,979	5%
Prioritization	$50,979	5%
Presentation	$50,979	5%
Customer Relationship	$50,493	4%

Get Latest Data

How Education impacts a Loan Representative's Salary?

Your level of education can impact your salary potential. While many Loan Representatives 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 Representative with a High School Diploma or Technical Certificate is between $44,900 and $47,669).

Loan Representative Salaries by Degree Level

Typical Education for Loan Representative

No Diploma 48.5%

High School 48.5%

Associates 18.2%

Bachelors 27.3%

Masters 6.1%

Doctorate 0.0%

view as table

Degree Level	% of user with this level of education
No Diploma	48.5%
High School	48.5%
Associates	18.2%
Bachelors	27.3%
Masters	6.1%
Doctorate	0.0%

view as graph

Loan Representative Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Representative'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 April 01, 2026

$44,521

Average $48,551/year

$53,007

$3,710

Average $4,046/month

$4,417

$856

Average $934/week

$1,019

$21

Average $23/hour

$25

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$53,007	$4,417	$1,019	$25
Average	$48,551	$4,046	$934	$23
25th Percentile	$44,521	$3,710	$856	$21

Salaries of jobs related to Loan Representative

Salary Trends for Loan Representative

Salaries for a Loan Representative can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $45,684 in 2023 to around $45,625 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Loan Representative salary trends, .

Average Annual Salary of Loan Representative Over Time

2022

$???

2023

$45,684

2024

$45,809

2025

$45,625

2026

$???

2027

$???

Year	Average Annual Salary
2022	View More
2023	$45,684
2024	$45,809
2025	$45,625
2026	View More
2027	View More

Most common benefits for Loan Representative

Social Security

401(k)

Disability

Healthcare

Pension

Time Off (days)

For Employers

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning

Business Services

the United States

Find Your Next Loan Representative Job

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

For Employees

Get a Salary Increase

Analyze the market and your qualifications to negotiate your salary with confidence.

Search Job Openings

Search thousands of open positions to find your next opportunity.

For Employers

Adjust Employee Salary

Individualize employee pay based on unique job requirements and personal qualifications.

Price My Industry Jobs

Get the latest market price for benchmark jobs and jobs in your industry.

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.

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about