Loan Doc Specialist Salaries in Massachusetts
How Much Does a Loan Doc Specialist Make in Massachusetts?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Doc Specialist in Massachusetts is $88,858.
While Salary.com is seeing that Loan Doc Specialist salary in MA can go up to $105,124
or down to $70,995, but most earn between $79,508 and $97,372.
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 Doc Specialist
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Similar Job Salaries to Loan Doc Specialist by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Pinnacle Bank/Bank of Colorado
LOAN DOC SPECIALIST
|
$65,381/yr
|
RANGE: $58,845 - $71,918
|
|
U.S. Bank National Association
SBA Loan Doc Specialist
|
$102,511/yr
|
RANGE: $93,029 - $111,993
|
|
Pinnacle Bank
LOAN DOC SPECIALIST
|
$65,381/yr
|
RANGE: $58,845 - $71,918
|
|
U.S. Bank
SBA Loan Doc Specialist
|
$91,178/yr
|
RANGE: $82,744 - $99,613
|
|
BlueHub Capital
Construction Loan and Closing Specialist
|
$102,645/yr
|
RANGE: $90,037 - $115,254
|
|
Millbury Federal Credit
Commercial Loan Origination Specialist
|
$91,043/yr
|
RANGE: $81,452 - $100,633
|
|
Fidelity Co-Operative Bank
Home Loan Specialist
|
$73,001/yr
|
RANGE: $65,370 - $80,632
|
|
JEANNE DARC CREDIT UNION
Commercial Loan Specialist
|
$106,313/yr
|
RANGE: $94,408 - $118,217
|
|
Amherst College
Interlibrary Loan Specialist
|
$75,769/yr
|
RANGE: $65,399 - $86,139
|
Top 10 Highest Paying Cities For Loan Doc Specialist Jobs in Massachusetts
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Doc 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 Doc Specialist job salaries in Massachusetts.
Some cities can pay higher salaries for Loan Doc Specialist jobs, which can indicate that there is a large demand for Loan Doc Specialist positions in this city.
The following table shows top 10 cities where the Loan Doc Specialist salary is higher than other cities in Massachusetts.
Boston takes first place in this list, followed by Cambridge, Waltham.
The Loan Doc Specialist salary is $91,063 in Boston,
which is higher than the national average. There are 36 cities' Loan Doc Specialist salary higher than national average in Massachusetts.
The average salary for a Loan Doc Specialist in Massachusetts is $88,858,
but we found that the city with the highest salary for Loan Doc Specialist jobs is Boston, MA, and it is higher than Cambridge.
Loan Doc Specialist jobs in Boston can have the opportunity to earn higher salaries than in other cities in Massachusetts.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Boston | $91,063 | $7,589 | $1,751 | $44 |
| Cambridge | $91,063 | $7,589 | $1,751 | $44 |
| Waltham | $91,063 | $7,589 | $1,751 | $44 |
| Newton | $91,063 | $7,589 | $1,751 | $44 |
| Arlington | $91,063 | $7,589 | $1,751 | $44 |
| Brookline | $91,063 | $7,589 | $1,751 | $44 |
| Lynn | $91,063 | $7,589 | $1,751 | $44 |
| Malden | $91,063 | $7,589 | $1,751 | $44 |
| Medford | $91,063 | $7,589 | $1,751 | $44 |
| Quincy | $91,063 | $7,589 | $1,751 | $44 |
What Does a Loan Doc Specialist Do?
Many loan documentation specialists work on more than one loan at a time, so managing varied projects and deadlines is essential to succeed in this position.
Updated December 09, 2021
Employed by a bank or other financial institution, a Loan Documentation Specialist is the person who prepares and approves client applications for loans, leases, or credit.
Updated November 16, 2021
The qualifications needed to become a loan documentation specialist include a bachelor’s degree in accounting, business, or a related field.
Updated November 11, 2021
As a loan documentation specialist, your job is to collect and prepare documents for closing a loan, coordinate the process, review papers to check for errors after closing, and when necessary, take action to correct those errors.
Updated October 20, 2021
A low doc commercial loan is used in situations where you cannot provide the proof of your income that most lenders require.
Updated October 18, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Doc Specialist Salaries
What is the average of a Loan Doc Specialist in Massachusetts?
The Loan Doc Specialist salary range is from $79,508 to $97,372, and the average Loan Doc Specialist salary is $88,858/year in Massachusetts.
The Loan Doc Specialist's salary will change in different locations.
Which location pays the highest Loan Doc Specialist salary in the United States?
The Loan Doc Specialist salary in San Jose, CA is $102,983
which is the highest in the US.
What kinds of reasons will influence the Loan Doc 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 Doc Specialist.
What is the growth rate of the Loan Doc Specialist's salary?
If you are thinking of becoming a Loan Doc Specialist or planning the next step in your career, find the detailed salary report of a Loan Doc Specialist.
