Loan Servicer Salaries in the United States
How Much Does a Loan Servicer Make?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Loan Servicer in the United States is $45,425.
While Salary.com is seeing that Loan Servicer salary in the US can go up to $55,643
or down to $36,315, but most earn between $40,656 and $50,773.
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 Servicer
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Similar Job Salaries to Loan Servicer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
The Village Bank
Loan Servicer
|
$55,895/yr
|
RANGE: $48,358 - $63,433
|
|
Village Bank
Loan Servicer
|
$60,713/yr
|
RANGE: $51,704 - $69,722
|
|
The Dominion Group
Interim Loan Servicer
|
$47,849/yr
|
RANGE: $42,172 - $53,526
|
|
Dominion Financial
Interim Loan Servicer
|
$47,849/yr
|
RANGE: $42,172 - $53,526
|
|
Industrial Credit Union
Mortgage Loan Servicer
|
$81,614/yr
|
RANGE: $64,363 - $98,864
|
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Seltzer Management Group, Inc.
Construction Loan Servicer
|
$73,022/yr
|
RANGE: $59,890 - $86,154
|
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Michigan Business Connection, LC
Commercial Loan Servicer
|
$51,158/yr
|
RANGE: $44,259 - $58,057
|
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Texas Capital Bank
SBA Loan Servicer - Loan Operations
|
$55,657/yr
|
RANGE: $47,143 - $64,172
|
|
Montgomery City County Personnel - Fleet Management
Auto Servicer
|
$56,729/yr
|
RANGE: $49,953 - $63,505
|
|
Veterans Health Administration
Equipment Servicer
|
$64,908/yr
|
RANGE: $56,758 - $73,058
|
What Does a Loan Servicer Do?
If Navient is your current student loan servicer for federal student loans, Maximus will likely become your new federal student loan servicer.
Updated December 17, 2021
To protect borrowers, FSA will reduce the number of new student loan borrowers assigned in the coming quarter to servicers that fail to meet these stronger performance standards.
Updated December 17, 2021
Then you can see your servicer, view loan details, apply for a direct consolidation loan or sign up for an.
Updated December 16, 2021
The level of service varies depending on the type of loan and the terms negotiated between the servicer and the investor seeking their services, and may also include activities such as monitoring delinquencies, workouts/ restructurings and executing foreclosures.
Updated December 16, 2021
Under the new contract terms, FSA will require servicers to provide new, comprehensive reports that give FSA greater insight into borrowers’ experiences with loan servicers.
Updated December 15, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Servicer Salaries
What is the average of a Loan Servicer in the United States?
The Loan Servicer salary range is from $40,656 to $50,773, and the average Loan Servicer salary is $45,425/year in the United States.
The Loan Servicer's salary will change in different locations.
Which location pays the highest Loan Servicer salary in the United States?
The Loan Servicer salary in San Jose, CA is $57,009
which is the highest in the US.
What kinds of reasons will influence the Loan Servicer'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 Servicer.
What is the growth rate of the Loan Servicer's salary?
If you are thinking of becoming a Loan Servicer or planning the next step in your career, find the detailed salary report of a Loan Servicer.
Recent Salary Report
Below are the most recent Loan Servicer salary reports. Employer name has been removed to protect anonymity.
$22
Hourly
A Loan Servicer in San Jose, CA reported making $22 per hour
San Jose, CA
7,6 - 15,000 employees
Part-Time
Company - Public
$20
Hourly
A Loan Servicer in Aurora, IL reported making $20 per hour
Aurora, IL
3,000 - 7,6 employees
Part-Time
Company - Public
$39,464
Yearly
A Loan Servicer in Bloomington, IN reported making $39,464 per year
Bloomington, IN
100 - 200 employees
Full-Time
Company - Private
$4,051
Monthly
A Loan Servicer in Chicopee, MA reported making $4,051 per month
Chicopee, MA
1,000 - 3,000 employees
Full-Time
Company - Public
$42,511
Yearly
A Loan Servicer in Coconut Creek, FL reported making $42,511 per year
Coconut Creek, FL
200 - 6 employees
Full-Time
Company - Private
$48,611
Yearly
A Loan Servicer in Taunton, MA reported making $48,611 per year
Taunton, MA
6 - 1,000 employees
Full-Time
Company - Private
