Loan Administration Specialist Salaries in Illinois
How Much Does a Loan Administration Specialist Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Administration Specialist in Illinois is $48,493.
While Salary.com is seeing that Loan Administration Specialist salary in IL can go up to $57,631
or down to $38,145, but most earn between $43,077 and $53,276.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Loan Administration Specialist
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Loan Administration Specialist by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Lakeside Bank
VP Loan Administration-Lakeside Bank
|
$138,185/yr
|
RANGE: $109,810 - $166,560
|
|
North Star Community Credit Union
Loan Administration Specialist
|
$64,327/yr
|
RANGE: $55,032 - $73,622
|
|
Bayer Heritage Federal Credit Union
Loan Administration Specialist
|
$56,636/yr
|
RANGE: $48,771 - $64,500
|
|
Prism Bank
Loan Administration Support Specialist
|
$57,649/yr
|
RANGE: $48,036 - $67,262
|
|
Chestnut Health Systems
Housing Administration Specialist
|
$88,462/yr
|
RANGE: $72,376 - $104,548
|
|
B10 Wells Fargo Bank, N. A.
Commercial Mortgage Loan Administration Specialist
|
$107,527/yr
|
RANGE: $90,000 - $125,054
|
|
WELLS FARGO BANK
Commercial Mortgage Loan Administration Specialist
|
$65,693/yr
|
RANGE: $56,224 - $75,162
|
Top 10 Highest Paying Cities For Loan Administration Specialist Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Administration Specialist can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Loan Administration Specialist job salaries in Illinois.
Some cities can pay higher salaries for Loan Administration Specialist jobs, which can indicate that there is a large demand for Loan Administration Specialist positions in this city.
The following table shows top 10 cities where the Loan Administration Specialist salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Loan Administration Specialist salary is $49,164 in Chicago,
which is higher than the national average. There are 20 cities' Loan Administration Specialist salary higher than national average in Illinois.
The average salary for a Loan Administration Specialist in Illinois is $48,493,
but we found that the city with the highest salary for Loan Administration Specialist jobs is Chicago, IL, and it is higher than Cicero.
Loan Administration Specialist jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $49,164 | $4,097 | $945 | $24 |
| Cicero | $49,164 | $4,097 | $945 | $24 |
| Oak Park | $49,164 | $4,097 | $945 | $24 |
| Evanston | $49,145 | $4,095 | $945 | $24 |
| Skokie | $49,145 | $4,095 | $945 | $24 |
| Oak Lawn | $49,107 | $4,092 | $944 | $24 |
| Des Plaines | $49,031 | $4,086 | $943 | $24 |
| Mount Prospect | $48,993 | $4,083 | $942 | $24 |
| Aurora | $48,783 | $4,065 | $938 | $23 |
| Hoffman Estates | $48,741 | $4,062 | $937 | $23 |
What Does a Loan Administration Specialist Do?
Speak with a Funding Specialist today to learn about National Funding’s small business loans for bad credit.
Updated December 19, 2021
Handle routine administration of commercial and construction loan accounts (including the setup of automatic loan payments, monitoring and following up on all past due loan payments).
Updated December 12, 2021
The Loan Administration Specialist is responsible for providing administrative and secretarial support to the Senior Loan Officer and Loan Administration Department officers.
Updated December 05, 2021
With responsibility for commercial and construction loan documentation and administration, the Loan Administration Specialist is a critical part of the Bank's credit administration function.
Updated December 05, 2021
An SBA loan is partially guaranteed by the Small Business Administration, a government entity dedicated to the growth of small businesses.
Updated December 04, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Loan Administration Specialist Salaries
What is the average of a Loan Administration Specialist in Illinois?
The Loan Administration Specialist salary range is from $43,077 to $53,276, and the average Loan Administration Specialist salary is $48,493/year in Illinois.
The Loan Administration Specialist's salary will change in different locations.
Which location pays the highest Loan Administration Specialist salary in the United States?
The Loan Administration Specialist salary in San Jose, CA is $60,006
which is the highest in the US.
What kinds of reasons will influence the Loan Administration Specialist's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Loan Administration Specialist.
What is the growth rate of the Loan Administration Specialist's salary?
If you are thinking of becoming a Loan Administration Specialist or planning the next step in your career, find the detailed salary report of a Loan Administration Specialist.
