How Much Does a Loan Documentation Specialist Make in Minnesota?

Updated May 28, 2024
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Individually reported data submitted by users of our website

Normal Confidence
$53,724/yr
Average Base Pay
Low $46,508
Average $53,724
High $61,102
The average salary for Loan Documentation Specialist is $53,724 per year in Minnesota.
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Related Job Titles to Loan Documentation Specialist

Commercial Loan Documentation Specialist
$52,658
Minnesota
Per Year
Mortgage Loan Documentation Specialist II
$53,290
Minnesota
Per Year
Mortgage Loan Documentation Specialist I
$45,420
Minnesota
Per Year
Commercial Loan Documentation
$52,658
Minnesota
Per Year

Similar Job Salaries to Loan Documentation Specialist by Company

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Company average base salary in (usd) range
Alerus Financial
Loan Documentation Commercial Specialist
$68,984/yr
$59,325
$78,643
RANGE: $59,325 - $78,643
Frandsen Financial Corporation
Loan Documentation Specialist
$48,115/yr
$41,983
$54,247
RANGE: $41,983 - $54,247
Frandsen Corporation
Loan Documentation Specialist
$50,380/yr
$43,960
$56,801
RANGE: $43,960 - $56,801
Frandsen Bank & Trust
Loan Documentation Specialist
$48,115/yr
$41,983
$54,247
RANGE: $41,983 - $54,247
Alerus
Loan documentation specialist
$71,444/yr
$61,583
$81,305
RANGE: $61,583 - $81,305
Bridgewater Bank
Loan Documentation Specialist II
$52,911/yr
$45,905
$59,918
RANGE: $45,905 - $59,918
eTeam
Loan Documentation Spec
$43,978/yr
$38,373
$49,583
RANGE: $38,373 - $49,583
Adapt Health LLC
Documentation Specialist
$172,806/yr
$147,602
$198,009
RANGE: $147,602 - $198,009

Open Loan Documentation Specialist Jobs in Minnesota

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Top 10 Highest Paying Cities For Loan Documentation 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 Documentation 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 Documentation Specialist job salaries in Minnesota. Some cities can pay higher salaries for Loan Documentation Specialist jobs, which can indicate that there is a large demand for Loan Documentation Specialist positions in this city.
The following table shows top 10 cities where the Loan Documentation Specialist salary is higher than other cities in Minnesota. Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka. The Loan Documentation Specialist salary is $55,720 in Minneapolis, which is higher than the national average. There are 7 cities' Loan Documentation Specialist salary higher than national average in Minnesota.
The average salary for a Loan Documentation Specialist in Minnesota is $53,724, but we found that the city with the highest salary for Loan Documentation Specialist jobs is Minneapolis, MN, and it is higher than Saint Paul. Loan Documentation 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 $55,720 $4,643 $1,072 $27
Saint Paul $55,720 $4,643 $1,072 $27
Minnetonka $55,720 $4,643 $1,072 $27
Eden Prairie $55,615 $4,635 $1,070 $27
Burnsville $55,562 $4,630 $1,068 $27
Lakeville $55,352 $4,613 $1,064 $27
Rochester $52,674 $4,389 $1,013 $25
Saint Cloud $51,781 $4,315 $996 $25
Duluth $50,731 $4,228 $976 $24

What Does a Loan Documentation Specialist Do?

Ensure loan files contain all pertinent documentation to include conversations with applicants and written recommendations or justifications for conclusions.
Updated December 21, 2021
If the loan is approved, the loan officer is responsible for preparing the appropriate documentation and the loan closing documents.
Updated December 15, 2021
A great reference handbook for Documentation Specialists working in clinical settings with medical records.
Updated December 14, 2021
IAAP offers individuals working in offices and administrative positions, including Documentation Specialists, the opportunities to network, learn, and grow by providing assistance and programs to its members.
Updated December 13, 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 December 07, 2021

Frequently Asked Questions About a Loan Documentation Specialist Salaries

What is the average of a Loan Documentation Specialist in Minnesota?

The Loan Documentation Specialist salary range is from $46,508 to $61,102, and the average Loan Documentation Specialist salary is $53,724/year in Minnesota. The Loan Documentation Specialist's salary will change in different locations.

Which location pays the highest Loan Documentation Specialist salary in the United States?

The Loan Documentation Specialist salary in San Jose, CA is $65,908 which is the highest in the US.

What kinds of reasons will influence the Loan Documentation 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 Documentation Specialist.

What is the growth rate of the Loan Documentation Specialist's salary?

If you are thinking of becoming a Loan Documentation Specialist or planning the next step in your career, find the detailed salary report of a Loan Documentation Specialist.