How Much Does a Loan Doc Specialist Make in Minnesota?

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

Normal Confidence
$78,850/yr
Average Base Pay
Low $72,324
Average $78,850
High $85,339
The average salary for Loan Doc Specialist is $78,850 per year in Minnesota.

Related Job Titles to Loan Doc Specialist

Doc Check Specialist
$77,920
Minnesota
Per Year
Doc Control Specialist
$77,333
Minnesota
Per Year
Doc
$57,126
Minnesota
Per Year
Loan Specialist
$59,546
Minnesota
Per Year

Similar Job Salaries to Loan Doc Specialist by Company

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Company average base salary in (usd) range
Apogee Services Inc.
Lien and Doc Specialist I
$53,060/yr
$46,251
$59,870
RANGE: $46,251 - $59,870
Frandsen Financial Corporation
Loan Documentation Specialist
$46,683/yr
$41,118
$52,249
RANGE: $41,118 - $52,249
OneMain Financial
Consumer Loan Sales Specialist
$80,644/yr
$66,998
$94,289
RANGE: $66,998 - $94,289
Grand Timber Bank
Loan Operations Specialist
$47,170/yr
$40,944
$53,397
RANGE: $40,944 - $53,397
OneMain Financial
Consumer loan specialist
$86,734/yr
$70,989
$102,479
RANGE: $70,989 - $102,479
Russell Tobin & Associates
Commercial Loan Documentation Specialist
$58,525/yr
$49,700
$67,350
RANGE: $49,700 - $67,350
Ag Jobs
Supervisory Loan Specialist (Agricultural)
$79,936/yr
$66,205
$93,668
RANGE: $66,205 - $93,668

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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 $81,779 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 $78,850, 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 $81,779 $6,815 $1,573 $39
Saint Paul $81,779 $6,815 $1,573 $39
Minnetonka $81,779 $6,815 $1,573 $39
Eden Prairie $81,625 $6,802 $1,570 $39
Burnsville $81,548 $6,796 $1,568 $39
Lakeville $81,240 $6,770 $1,562 $39
Rochester $77,309 $6,442 $1,487 $37
Saint Cloud $75,998 $6,333 $1,462 $37
Duluth $74,457 $6,205 $1,432 $36

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 Minnesota?

The Loan Doc Specialist salary range is from $72,324 to $85,339, and the average Loan Doc Specialist salary is $78,850/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 $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.