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

A Loan Servicing Representative's salary grows with experience: a Loan Servicing Representative (0-1 years)earns $43,240, a Loan Servicing Clerk II (1-3 years)earns $48,172, a Loan Servicing Clerk III (3-5 years)earns $53,518, a Loan Servicing Supervisor (5+ years)earns $65,788, a Loan Servicing Manager (5+ years)earns $99,805,

What are the highest paying states for a Loan Servicing Representative?

Loan Servicing Representative salary varies significantly by state. The top 3 highest paying states for Loan Servicing Representative roles are District of Columbia $46,441, California $46,264, Massachusetts $45,648. These tech hubs typically pay 10-15% above the national average.

How much do different types of Loan Servicing Representative roles make?

Salaries for Loan Servicing Representative level roles vary by specialization: Loan Servicing Manager: $96,369; Loan Servicing Supervisor: $63,523; Loan Servicing Analyst: $53,316; Loan Servicing Representative III - Consumer Loans: $51,700; Loan Servicing Clerk III: $51,675.

Loan Servicing Representative Salary in Rhode Island

How much does a Loan Servicing Representative make in Rhode Island?

As of January 01, 2026, the average salary for a Loan Servicing Representative in Rhode Island is $43,488 per year, which breaks down to an hourly rate of $21.

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

Top Earners (90th percentile): $49,930
Majority Range (25th-75th percentile): $40,093 to $46,860
Entry-Level (10th percentile): $37,003

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Loan Servicing Representative Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$46,860	$3,905	$901	$23
Average	$43,488	$3,624	$836	$21
25th Percentile	$40,093	$3,341	$771	$19

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Check out Loan Servicing Representative Job Openings in Rhode Island

Loan Servicing Operations Manager

Coastal1 Credit Union - Pawtucket, RI

Loan Servicing Manager

Coastal1 Credit Union - Pawtucket, RI

Mortgage Counseling Specialist – Hybrid Loan Servicing

Sate Housing Finance Agencies (HFAs) - Providence, RI

Senior Business Systems Analyst – Loan Closing, Booking & Servicing

Stratacent - Johnston, RI

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Key Factors That Influence Loan Servicing Representative Salaries

A Loan Servicing 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 and company size can directly affect your earning potential.

How Experience Level Affects Loan Servicing Representative Salaries?

Experience is a primary driver of a Loan Servicing Representative'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:

Entry-Level (less than 1 year): $43,240
Early Career (1-2 years): $48,172
Mid-Level (2-4 years): $53,518
Senior-Level (5-8 years): $65,788
Expert (over 8 years): $99,805

Levels	Salary
Loan Serv... Level Loan Servicing Representative	$43,240
Loan Serv... Level Loan Servicing Representative	$48,172
Loan Serv... Level Loan Servicing Representative	$53,518
Loan Serv... Level Loan Servicing Representative	$65,788
Loan Serv... Level Loan Servicing Representative	$99,805

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What Am I Worth?

How Do Loan Servicing 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 Servicing Representatives. For example, consider the average annual salaries in these key locations:

District of Columbia: $46,441.
California: $46,264.
Massachusetts: $45,648.

District of Columbia $46,441 California $46,264 Massachusetts $45,648 Washington $45,480 New Jersey $45,463 Alaska $45,405 Connecticut $44,826 New York $44,591

Hawaii $43,840 Rhode Island $43,488 Maryland $43,249 Minnesota $42,921 Colorado $42,796 Illinois $42,754 Oregon $42,594 Delaware $42,477

New Hampshire $42,403 Virginia $42,238 Pennsylvania $41,755 Nevada $41,512 North Dakota $41,432 Michigan $41,307 Wisconsin $41,261 Vermont $41,168

Texas $40,912 Maine $40,896 Arizona $40,870 Ohio $40,841 Georgia $40,455 Indiana $40,262 Wyoming $40,224 Utah $40,166

Iowa $40,141 Kansas $39,939 Louisiana $39,881 North Carolina $39,860 Missouri $39,851 Florida $39,688 Montana $39,600 Nebraska $39,516

Kentucky $39,469 South Carolina $39,302 Tennessee $39,197 Idaho $39,155 New Mexico $38,849 Oklahoma $38,782 Alabama $38,534 South Dakota $38,119

Arkansas $37,892 West Virginia $37,771 Mississippi $37,406

Top Paying Cities for Loan Servicing 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:

Adamsville: $44,201
Albion: $43,467
Ashaway: $44,369

Adamsville, RI $44,201 Albion, RI $43,467 Ashaway, RI $44,369 Barrington, RI $43,467 Block Island, RI $44,138 Bradford, RI $44,339 Bristol, RI $43,425 Carolina, RI $43,978

Charlestown, RI $44,025 Chepachet, RI $43,383 Clayville, RI $43,425 Coventry, RI $43,383 West Greenwich, RI $43,354 East Greenwich, RI $43,412 Exeter, RI $44,339 Fiskeville, RI $43,467

Forestdale, RI $43,425 Foster, RI $43,354 Glendale, RI $43,354 Greene, RI $43,840 Greenville, RI $43,467 Harmony, RI $43,454 Harrisville, RI $43,383 Hope, RI $43,467

Hope Valley, RI $44,369 Hopkinton, RI $44,381 Jamestown, RI $43,937 Kenyon, RI $44,327 Little Compton, RI $44,184 Manville, RI $43,467 Mapleville, RI $43,354 Newport, RI $43,945

Middletown, RI $44,129 North Kingstown, RI $43,341 North Scituate, RI $43,454 Oakland, RI $43,395 Pascoag, RI $43,370 Pawtucket, RI $43,467 Central Falls, RI $43,467 Cumberland, RI $43,467

Lincoln, RI $43,467 Portsmouth, RI $43,769 Prudence Island, RI $43,383 Rockville, RI $44,381 Saunderstown, RI $43,962 Shannock, RI $44,314 Slatersville, RI $43,425 Slocum, RI $43,962

Tiverton, RI $44,213 Wakefield, RI $43,916 Kingston, RI $43,924 Narragansett, RI $43,932 Peace Dale, RI $43,916 Warren, RI $43,454 Warwick, RI $43,467 Westerly, RI $44,394

West Kingston, RI $43,949 West Warwick, RI $43,467 Wood River Junction, RI $44,339 Woonsocket, RI $43,425 North Smithfield, RI $43,454 Wyoming, RI $44,327 Providence, RI $43,467 Cranston, RI $43,467

North Providence, RI $43,467 East Providence, RI $43,467 Riverside, RI $43,467 Rumford, RI $43,467 Smithfield, RI $43,467 Johnston, RI $43,467

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

Understanding how a Loan Servicing 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 January 01, 2026

$40,093

Average $43,488/year

$46,860

$3,341

Average $3,624/month

$3,905

$771

Average $836/week

$901

$19

Average $21/hour

$23

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$46,860	$3,905	$901	$23
Average	$43,488	$3,624	$836	$21
25th Percentile	$40,093	$3,341	$771	$19

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