Loan Servicing Specialist 2 Salaries in Chicago, IL
How Much Does a Loan Servicing Specialist 2 Make in Chicago, IL?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Servicing Specialist 2 in Chicago, IL is $47,287.
While Salary.com is seeing that Loan Servicing Specialist 2 salary in Chicago, IL can go up to $57,925
or down to $37,808, but most earn between $42,326 and $52,856.
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 Servicing Specialist 2
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Similar Job Salaries to Loan Servicing Specialist 2 by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Busey
Commercial Loan Servicing Specialist
|
$54,796/yr
|
RANGE: $49,041 - $60,550
|
|
INB, N.A.
Loan Servicing Specialist
|
$47,221/yr
|
RANGE: $43,124 - $51,319
|
|
Busey
Commercial Loan Servicing Specialist | MO
|
$53,988/yr
|
RANGE: $48,318 - $59,657
|
|
Alter Domus
Senior Loan Servicing Specialist - Agency Services
|
$60,516/yr
|
RANGE: $54,463 - $66,569
|
|
Bank Of Springfield
Loan Servicing Representative - Checkback
|
$53,332/yr
|
RANGE: $47,955 - $58,708
|
|
United Community Bank
Loan Servicing Representative
|
$52,472/yr
|
RANGE: $47,186 - $57,758
|
|
WELLS FARGO BANK
Commercial Loan Servicing Representative
|
$101,205/yr
|
RANGE: $89,872 - $112,538
|
|
Wells Fargo & Company
SENIOR COMMERCIAL LOAN SERVICING REPRESENTATIVE
|
$70,444/yr
|
RANGE: $62,772 - $78,116
|
|
OppFi
Associate, Loan Servicing Legal Operations
|
$66,173/yr
|
RANGE: $59,937 - $72,409
|
|
Bank Of Springfield
Loan Servicing Representative - Paid Off Loan Processing
|
$53,332/yr
|
RANGE: $47,955 - $58,708
|
What Does a Loan Servicing Specialist 2 Do?
Automates all areas of loan servicing — including default functionalities — on one, comprehensive system.
Updated December 22, 2021
A servicing fee is the percentage of each mortgage payment made by a borrower to a mortgage servicer as compensation for servicing a loan.
Updated December 14, 2021
Loan servicing refers to the administrative aspects of a loan from the time the proceeds are dispersed to the borrower until the loan is paid off.
Updated December 13, 2021
Please note that inquiries about a pending request for home loan assistance or general questions about the servicing of your mortgage do not meet the requirements for an escalated case.
Updated December 12, 2021
To speak to a Loss Mitigation Specialist or Loan Counselor who can discuss your situation with you and may be able to help you avoid foreclosure.
Updated December 12, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Servicing Specialist 2 Salaries
What is the average of a Loan Servicing Specialist 2 in Chicago, IL?
The Loan Servicing Specialist 2 salary range is from $42,326 to $52,856, and the average Loan Servicing Specialist 2 salary is $47,287/year in Chicago, IL.
The Loan Servicing Specialist 2's salary will change in different locations.
Which location pays the highest Loan Servicing Specialist 2 salary in the United States?
The Loan Servicing Specialist 2 salary in San Jose, CA is $57,716
which is the highest in the US.
What kinds of reasons will influence the Loan Servicing Specialist 2'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 Servicing Specialist 2.
What is the growth rate of the Loan Servicing Specialist 2's salary?
If you are thinking of becoming a Loan Servicing Specialist 2 or planning the next step in your career, find the detailed salary report of a Loan Servicing Specialist 2.
