Build a Career You'll Love

Loan Servicing Associate Salary in Illinois

How much does a Loan Servicing Associate make in Illinois? The salary range for a Loan Servicing Associate job is from $40,914 to $51,145 per year in Illinois. Click on the filter to check out Loan Servicing Associate job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at December 01, 2024
$45,792
Per Year
The average salary for a Loan Servicing Associate is $45,792
per Year in Illinois.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$40,914
$45,792
Medium
$51,145

Highest Paying Cities for Loan Servicing Associate in Illinois

Here are the top eight that pay the highest Loan Servicing Associate salary in IL. Due to the cost of living in different locations, the Loan Servicing Associate salary will also be different. Chicago with the highest wage for the Loan Servicing Associate in Illinois has a high living wage too. Explore more salary information by clicking the city name.

States with Higher Salaries for Loan Servicing Associate

Loan Servicing Associate works in Illinois will receive the highest salary in the United States, followed by California, New Jersey. These states have more job opportunities than other places. At the same time, the competition will be fiercer too. People need to improve their competitiveness to get a job in these cities.

How Much Do Similar Professions Get Paid in Illinois?

The Loan Servicing Associate jobs have a lot of different directions. And, the job title can also be quite different from in diverse companies. Some job titles may not include the Loan Servicing Associate, while they have the Loan Servicing Associate responsibilities. So, here are some similar jobs and their salaries. Click the link which you are interested in to explore more data.
Loan Servicing Specialist
Average salary
United States
$42,187
per Year
Loan Servicing Representative
Average salary
United States
$41,382
per Year
Loan Servicing Analyst
Average salary
United States
$52,148
per Year
Loan Servicing Assistant
Average salary
United States
$45,792
per Year
Loan Servicing Specialist II
Average salary
United States
$47,130
per Year
Commercial Loan Servicing Specialist
Average salary
United States
$55,277
per Year

How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

What Does a Loan Servicing Associate Do?

Laurel Road will pay off your student loans to your current lenders and provide you with instructions to set up the servicing of your new loan.

December 20, 2021

Midwest’s innovative technology and servicing portfolio size creates cost-reducing efficiencies that result in loan servicing costs that are significantly lower than most bank servicers.

December 09, 2021

If you are thinking of becoming a Loan Servicing Associate or planning the next step in your career, find details about.

December 02, 2021

If it is not, and your loan was a Stafford/Graduate loan that was backed by a bank … IT WILL NOT QUALIFY FOR FORGIVENESS unless you consolidate it to a DIRECT loan under Fed Loan Servicing and make 120 payments.

November 23, 2021

Residential mortgage loan subservicing from Midwest Loan Service provides your bank with a means to reduce servicing costs, reduce the risk of being out of compliance, and remain seamlessly connected to your customers.

November 19, 2021

Most Common Benefits for Loan Servicing Associate

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

Frequently Asked Questions

Common questions about salaries for a Loan Servicing Associate
Get a personal salary report to know Which factors can influence Loan Servicing Associate salary.
Is this information useful?
Thank you!
Laurel Road will pay off your student loans to your current lenders and provide you with instructions to set up the servicing of your new loan.
Is this information useful?
Thank you!
Check the below career pages for detailed pay ranges for similar professions to Loan Servicing Associate:
Is this information useful?
Thank you!
Bedford Park pays the highest Loan Servicing Associate wage. Get personal salary report to explore more salary information in different cities.
Is this information useful?
Thank you!
The Loan Servicing Associate salary range is $40,914 to $51,145 in IL.
Is this information useful?
Thank you!

Career Insights

What is Pay-for-Performance Compensation?
pay and salary
What is Pay-for-Performance Compensation?
What Is a Salary Grading Scale?
pay and salary
What Is a Salary Grading Scale?
The Gender Pay Gap in America in 2022
pay and salary
Understanding the Gender Pay Gap in America