Loan Service Representative Salary in the United States

How much does a Loan Service Representative make in the United States?

As of January 01, 2026, the average salary for a Loan Service Representative in the United States is $45,558 per year, which breaks down to an hourly rate of $22.

However, a Loan Service Representative's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $52,094
  • Majority Range (25th-75th percentile): $41,916 to $48,979
  • Entry-Level (10th percentile): $38,600
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View as table View as graph 25% $41,916 10% $38,600 90% $52,094 75% $48,979 $45,558 50%(Median) Didn’t find job title? Click

Loan Service Representative Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $48,979 $4,082 $942 $24
Average $45,558 $3,796 $876 $22
25th Percentile $41,916 $3,493 $806 $20
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Key Factors That Influence Loan Service Representative Salaries

A Loan Service Representative's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Loan Service Representative Salaries?

Experience is a primary driver of a Loan Service Representative's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $41,121
  • Early Career (1-2 years): $45,811
  • Mid-Level (2-4 years): $50,895
  • Senior-Level (5-8 years): $62,564
  • Expert (over 8 years): $94,914
Levels Salary
Loan Serv... Level Loan Service Representative$41,121
Loan Serv... Level Loan Service Representative$45,811
Loan Serv... Level Loan Service Representative$50,895
Loan Serv... Level Loan Service Representative$62,564
Loan Serv... Level Loan Service Representative$94,914
$41,121 0 yr
$45,811 < 2 yrs
$50,895 2-4 yrs
$62,564 5-8 yrs
$94,914 > 8 yrs
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What Am I Worth?

How Do Loan Service Representative Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Service Representatives. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $50,441.
  • California: $50,250.
  • Massachusetts: $49,580.

Top Paying Cities for Loan Service Representatives

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $57,462
  • San Francisco: $56,897
  • Oakland: $55,635

What Skills Can Increase a Loan Service Representative's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 8.53% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Commercial Loans (Mentioned in 1.74% Job Postings): A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.
  • Financial Services (Mentioned in 1.38% Job Postings): A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
See More Skills
Skills Demand Percentage
Customer Service 8.53%
Commercial Loans 1.74%
Financial Services 1.38%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Service Representative's salary.
  • Coordination: Can increase your salary by up to 24%.
  • Confidentiality: Can increase your salary by up to 17%.
  • Leadership: Can increase your salary by up to 16%.
Skill Salary Salary % Increase
Coordination
$56,492
24%
Confidentiality
$53,303
17%
Leadership
$52,847
16%
Initiative
$51,936
14%
Flexibility
$51,480
13%
Commitment
$51,025
12%
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How Education impacts a Loan Service Representative's Salary?

Your level of education can impact your salary potential. While many Loan Service Representatives enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Loan Service Representative with a High School Diploma or Technical Certificate is between $43,346 and $45,950).

Loan Service Representative Salaries by Degree Level

Typical Education for Loan Service Representative
Degree Level % of user with this level of education
No Diploma 33.3%
High School 33.3%
Associates 16.7%
Bachelors 50.0%
Masters 0.0%
Doctorate 0.0%
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Loan Service Representative Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Service Representative's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on January 01, 2026

Salary Trends for Loan Service Representative

Salaries for a Loan Service Representative can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $44,544 in 2023 to around $44,487 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Loan Service Representative salary trends, .

Average Annual Salary of Loan Service Representative Over Time

2022
$???
2023
$44,544
2024
$44,666
2025
$44,487
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $44,544
2024 $44,666
2025 $44,487
2026
View More
2027
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Most common benefits for Loan Service Representative

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Loan Service Representative

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Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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