How Much Does a Loan Operations Representative Make?

Updated March 26, 2024

Individually reported data submitted by users of our website

Normal Confidence
$45,764/yr
Average Base Pay
Low $40,470
Average $45,764
High $51,192
The average salary for Loan Operations Representative is $45,764 per year in the United States.

Related Job Titles to Loan Operations Representative

Loan Representative
$45,029
US
Per Year
Loan Servicing Representative
$39,017
US
Per Year
Loan Service Representative
$42,072
US
Per Year
Mortgage Loan Representative
$44,598
US
Per Year

Similar Job Salaries to Loan Operations Representative by Company

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Company average base salary in (usd) range
Atlantic Community Bankers Bank
Loan Operations Representative II
$47,236/yr
$41,314
$53,158
RANGE: $41,314 - $53,158
PriorityOne Bank
Loan Operations Representative
$40,690/yr
$35,613
$45,767
RANGE: $35,613 - $45,767
Canandaigua National Bank & Trust Co
Loan Operations Representative I
$45,264/yr
$39,437
$51,091
RANGE: $39,437 - $51,091
Staffing Now
Loan representative
$44,805/yr
$39,401
$50,209
RANGE: $39,401 - $50,209
OneMain Financial
Loan Representative
$45,458/yr
$39,895
$51,021
RANGE: $39,895 - $51,021
Buffalo Federal Bank, The Bank of Buffalo
Loan Operations / Processor
$41,876/yr
$36,589
$47,163
RANGE: $36,589 - $47,163
Triumph
Loan Operations Specialist
$46,025/yr
$39,950
$52,100
RANGE: $39,950 - $52,100
People's Independent Bank
Loan Operations Clerk
$44,660/yr
$39,195
$50,125
RANGE: $39,195 - $50,125
Cadence Bank
Loan Operations Manager
$164,900/yr
$132,053
$197,747
RANGE: $132,053 - $197,747
Montgomery Bank
Loan Operations Specialist
$45,336/yr
$39,352
$51,321
RANGE: $39,352 - $51,321

What Does a Loan Operations Representative Do?

USDA’s Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs.
Updated December 13, 2021
Additionally, as a loan operations specialist, you ensure that post-loan applications processes are complete and that all loan applications adhere to the guidelines of the financial institution and state and federal regulations.
Updated December 12, 2021
The Consumer Loan Operations Representative II is also responsible for preparing and processing DMV documentation for vehicle title transfers and ensure title perfection status.
Updated November 26, 2021
The Loan Operation Representative will be primarily responsible for the data entry of loan operation activity while providing customer service.
Updated November 21, 2021
Expenditure to a supplier of goods for the supply of goods that are essential to operations when the expenditure is made and is made pursuant to a contract, order, or purchase order in effect prior to taking out the loan.
Updated November 16, 2021

Frequently Asked Questions About a Loan Operations Representative Salaries

What is the average of a Loan Operations Representative in the United States?

The Loan Operations Representative salary range is from $40,470 to $51,192, and the average Loan Operations Representative salary is $45,764/year in the United States. The Loan Operations Representative's salary will change in different locations.

Which location pays the highest Loan Operations Representative salary in the United States?

The Loan Operations Representative salary in San Jose, CA is $57,434 which is the highest in the US.

What kinds of reasons will influence the Loan Operations Representative'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 Operations Representative.

What is the growth rate of the Loan Operations Representative's salary?

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

Recent Salary Report

Below are the most recent Loan Operations Representative salary reports. Employer name has been removed to protect anonymity.

$49,011 Yearly
A Loan Operations Representative in Santa Ana, CA reported making $49,011 per year
Santa Ana, CA
6 - 1,000 employees
Full-Time
Company - Private
$44,514 Yearly
A Loan Operations Representative in Phoenix, AZ reported making $44,514 per year
Phoenix, AZ
100 - 200 employees
Full-Time
Company - Private
$3,953 Monthly
A Loan Operations Representative in Lawrence, MA reported making $3,953 per month
Lawrence, MA
1,000 - 3,000 employees
Full-Time
Company - Public
$20 Hourly
A Loan Operations Representative in Saint Paul, MN reported making $20 per hour
Saint Paul, MN
7,6 - 15,000 employees
Part-Time
Company - Public
$23 Hourly
A Loan Operations Representative in Harrisburg, PA reported making $23 per hour
Harrisburg, PA
3,000 - 7,6 employees
Part-Time
Company - Public
$54,072 Yearly
A Loan Operations Representative in Warwick, RI reported making $54,072 per year
Warwick, RI
200 - 6 employees
Full-Time
Company - Private