Loan Servicer Salaries in Illinois
How Much Does a Loan Servicer Make in Illinois?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Loan Servicer in Illinois is $46,824.
While Salary.com is seeing that Loan Servicer salary in IL can go up to $57,358
or down to $37,435, but most earn between $41,910 and $52,338.
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 |
|---|---|---|
|
First Farmers Bank & Trust
Loan Servicer
|
$50,638/yr
|
RANGE: $45,536 - $55,739
|
|
First Community Credit Union of Oregon
Loan Servicer
|
$73,358/yr
|
RANGE: $64,904 - $81,813
|
|
Bank of the San Juans
Loan Servicer / Loan Assistant
|
$59,264/yr
|
RANGE: $53,425 - $65,103
|
|
Kohler Credit Union
Mortgage Loan Servicer II
|
$59,470/yr
|
RANGE: $54,011 - $64,929
|
|
CNB Financial Corporation
CNB Bank, Loan Servicer
|
$49,981/yr
|
RANGE: $44,946 - $55,016
|
|
Michigan Business Connection
Commercial Loan Servicer
|
$55,374/yr
|
RANGE: $50,342 - $60,406
|
|
Genius Talent
Consumer Loan Servicer
|
$52,327/yr
|
RANGE: $47,105 - $57,548
|
|
Arion Fund
Loan Servicer/Asset Manager
|
$63,940/yr
|
RANGE: $57,499 - $70,382
|
|
GTE Financial
Mortgage Servicing - Loan Servicer I
|
$61,061/yr
|
RANGE: $54,302 - $67,820
|
|
DuPage Credit Union
Mortgage Servicer II
|
$76,231/yr
|
RANGE: $67,912 - $84,550
|
Top 10 Highest Paying Cities For Loan Servicer Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Servicer 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 Servicer job salaries in Illinois.
Some cities can pay higher salaries for Loan Servicer jobs, which can indicate that there is a large demand for Loan Servicer positions in this city.
The following table shows top 10 cities where the Loan Servicer salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Evanston.
The Loan Servicer salary is $48,014 in Chicago,
which is higher than the national average. There are 20 cities' Loan Servicer salary higher than national average in Illinois.
The average salary for a Loan Servicer in Illinois is $46,824,
but we found that the city with the highest salary for Loan Servicer jobs is Chicago, IL, and it is higher than Cicero.
Loan Servicer jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $48,014 | $4,001 | $923 | $23 |
| Cicero | $48,014 | $4,001 | $923 | $23 |
| Evanston | $48,014 | $4,001 | $923 | $23 |
| Oak Park | $48,014 | $4,001 | $923 | $23 |
| Skokie | $48,014 | $4,001 | $923 | $23 |
| Oak Lawn | $47,969 | $3,997 | $922 | $23 |
| Des Plaines | $47,877 | $3,990 | $921 | $23 |
| Mount Prospect | $47,831 | $3,986 | $920 | $23 |
| Aurora | $47,603 | $3,967 | $915 | $23 |
| Hoffman Estates | $47,603 | $3,967 | $915 | $23 |
What Does a Loan Servicer Do?
Meanwhile, the trend among big mortgage loan servicers is to slowly back away from the marketplace in response to growing regulatory concerns.
Updated November 24, 2021
Statement From Federal Student Aid Chief Operating Officer Rich Cordray Regarding Loan Servicer Contracts.
Updated November 14, 2021
Department of Education Increases Servicer Performance, Transparency, and Accountability Before Loan Payments Restart.
Updated October 23, 2021
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
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Explore JobArchitectFrequently Asked Questions About a Loan Servicer Salaries
What is the average of a Loan Servicer in Illinois?
The Loan Servicer salary range is from $41,910 to $52,338, and the average Loan Servicer salary is $46,824/year in Illinois.
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 $57,443
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.
