How Much Does a Loan Doc Specialist Make in Maryland?

Updated April 24, 2024
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Individually reported data submitted by users of our website

Normal Confidence
$79,467/yr
Average Base Pay
Low $72,890
Average $79,467
High $86,006
The average salary for Loan Doc Specialist is $79,467 per year in Maryland.

Related Job Titles to Loan Doc Specialist

Doc Check Specialist
$78,529
Maryland
Per Year
Doc Control Specialist
$77,937
Maryland
Per Year
Doc
$57,572
Maryland
Per Year
Loan Specialist
$60,012
Maryland
Per Year

Similar Job Salaries to Loan Doc Specialist by Company

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Company average base salary in (usd) range
OneMain Financial
Consumer Loan Sales Specialist
$84,324/yr
$70,056
$98,592
RANGE: $70,056 - $98,592
Presidential Bank
Loan Servicing Operations Specialist
$46,598/yr
$40,031
$53,164
RANGE: $40,031 - $53,164
OneMain Financial
Consumer loan specialist
$107,492/yr
$88,451
$126,534
RANGE: $88,451 - $126,534

Open Loan Doc Specialist Jobs in Maryland

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Top 10 Highest Paying Cities For Loan Doc Specialist Jobs in Maryland

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 Maryland. 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 Maryland. Silver Spring takes first place in this list, followed by Bethesda, Potomac. The Loan Doc Specialist salary is $85,787 in Silver Spring, which is higher than the national average. There are 15 cities' Loan Doc Specialist salary higher than national average in Maryland.
The average salary for a Loan Doc Specialist in Maryland is $79,467, but we found that the city with the highest salary for Loan Doc Specialist jobs is Silver Spring, MD, and it is higher than Bethesda. Loan Doc Specialist jobs in Silver Spring can have the opportunity to earn higher salaries than in other cities in Maryland.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Silver Spring $85,787 $7,149 $1,650 $41
Bethesda $85,787 $7,149 $1,650 $41
Potomac $85,787 $7,149 $1,650 $41
Rockville $85,710 $7,143 $1,648 $41
Bowie $85,633 $7,136 $1,647 $41
Waldorf $85,556 $7,130 $1,645 $41
Gaithersburg $85,556 $7,130 $1,645 $41
Germantown $83,244 $6,937 $1,601 $40
Frederick $82,781 $6,898 $1,592 $40
Baltimore $79,236 $6,603 $1,524 $38

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

Frequently Asked Questions About a Loan Doc Specialist Salaries

What is the average of a Loan Doc Specialist in Maryland?

The Loan Doc Specialist salary range is from $72,890 to $86,006, and the average Loan Doc Specialist salary is $79,467/year in Maryland. 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 $96,732 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.