Loan Doc Specialist Salaries in Minnesota
How Much Does a Loan Doc Specialist Make in Minnesota?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Doc Specialist in Minnesota is $83,551.
While Salary.com is seeing that Loan Doc Specialist salary in MN can go up to $98,845
or down to $66,754, but most earn between $74,759 and $91,556.
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
|
|
Pinnacle Bank
LOAN DOC SPECIALIST
|
$65,381/yr
|
RANGE: $58,845 - $71,918
|
|
Stearns Bank N.A.
Paid Loan Specialist
|
$59,459/yr
|
RANGE: $53,473 - $65,444
|
|
TEKsystems
Loan Documentation Specialist
|
$60,066/yr
|
RANGE: $53,808 - $66,323
|
|
OneMain Financial
Consumer Loan Sales Specialist
|
$86,298/yr
|
RANGE: $76,721 - $95,875
|
|
Compeer Financial
Loan Servicing Specialist
|
$63,413/yr
|
RANGE: $57,763 - $69,063
|
|
Auto Approve
Loan Quality Specialist
|
$67,159/yr
|
RANGE: $60,318 - $73,999
|
|
U.S. Bank National Association
Loan Documentation Specialist
|
$60,066/yr
|
RANGE: $53,808 - $66,323
|
|
City of St. Paul
Loan Specialist Assistant
|
$65,370/yr
|
RANGE: $58,761 - $71,980
|
|
Russell Tobin
Loan Documentation Specialist
|
$55,121/yr
|
RANGE: $49,367 - $60,874
|
Top 10 Highest Paying Cities For Loan Doc Specialist Jobs in Minnesota
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 Minnesota.
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 Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Loan Doc Specialist salary is $85,453 in Minneapolis,
which is higher than the national average. There are 7 cities' Loan Doc Specialist salary higher than national average in Minnesota.
The average salary for a Loan Doc Specialist in Minnesota is $83,551,
but we found that the city with the highest salary for Loan Doc Specialist jobs is Minneapolis, MN, and it is higher than Saint Paul.
Loan Doc Specialist jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Minneapolis | $85,453 | $7,121 | $1,643 | $41 |
| Saint Paul | $85,453 | $7,121 | $1,643 | $41 |
| Minnetonka | $85,453 | $7,121 | $1,643 | $41 |
| Eden Prairie | $85,306 | $7,109 | $1,641 | $41 |
| Burnsville | $85,208 | $7,101 | $1,639 | $41 |
| Lakeville | $84,914 | $7,076 | $1,633 | $41 |
| Rochester | $81,853 | $6,821 | $1,574 | $39 |
| Saint Cloud | $80,546 | $6,712 | $1,549 | $39 |
| Duluth | $78,317 | $6,526 | $1,506 | $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
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Explore JobArchitectFrequently Asked Questions About a Loan Doc Specialist Salaries
What is the average of a Loan Doc Specialist in Minnesota?
The Loan Doc Specialist salary range is from $74,759 to $91,556, and the average Loan Doc Specialist salary is $83,551/year in Minnesota.
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.
