Mortgage Loan Servicing Manager Salaries in Illinois
How Much Does a Mortgage Loan Servicing Manager Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Mortgage Loan Servicing Manager in Illinois is $91,825.
While Salary.com is seeing that Mortgage Loan Servicing Manager salary in IL can go up to $123,905
or down to $61,529, but most earn between $75,967 and $108,617.
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 Mortgage Loan Servicing Manager
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Similar Job Salaries to Mortgage Loan Servicing Manager by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
DuPage Credit Union
Loan Servicing Associate
|
$55,729/yr
|
RANGE: $50,115 - $61,343
|
|
Bank Of Springfield
Loan Servicing Representative
|
$52,445/yr
|
RANGE: $47,188 - $57,701
|
|
United Community Bancorp
Loan Servicing Representative
|
$46,864/yr
|
RANGE: $42,798 - $50,931
|
|
Freddie Mac
Multifamily Loan Servicing Associate
|
$56,572/yr
|
RANGE: $50,873 - $62,271
|
|
First Mid-Illinois Bancshares
Loan Servicing Clerk I
|
$52,265/yr
|
RANGE: $47,027 - $57,504
|
|
CNB Bank and Trust, N.A.
Loan Servicing Assistant Trainee
|
$53,000/yr
|
RANGE: $47,658 - $58,343
|
|
First Federal Savings Bank Illinois
Loan Collections and Servicing
|
$40,553/yr
|
RANGE: $37,223 - $43,884
|
|
First State Bank of St. Charles
Mortgage Loan Servicing Specialist
|
$53,061/yr
|
RANGE: $47,712 - $58,410
|
|
Directions Credit Union
LSRII - Mortgage Loan Servicing
|
$85,916/yr
|
RANGE: $77,426 - $94,406
|
|
Paladin Consulting
Mortgage Loan Servicing Analyst
|
$87,983/yr
|
RANGE: $79,289 - $96,677
|
Top 10 Highest Paying Cities For Mortgage Loan Servicing Manager Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Mortgage Loan Servicing Manager can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Mortgage Loan Servicing Manager job salaries in Illinois.
Some cities can pay higher salaries for Mortgage Loan Servicing Manager jobs, which can indicate that there is a large demand for Mortgage Loan Servicing Manager positions in this city.
The following table shows top 10 cities where the Mortgage Loan Servicing Manager salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Mortgage Loan Servicing Manager salary is $93,095 in Chicago,
which is higher than the national average. There are 20 cities' Mortgage Loan Servicing Manager salary higher than national average in Illinois.
The average salary for a Mortgage Loan Servicing Manager in Illinois is $91,825,
but we found that the city with the highest salary for Mortgage Loan Servicing Manager jobs is Chicago, IL, and it is higher than Cicero.
Mortgage Loan Servicing Manager 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 | $93,095 | $7,758 | $1,790 | $45 |
| Cicero | $93,095 | $7,758 | $1,790 | $45 |
| Oak Park | $93,095 | $7,758 | $1,790 | $45 |
| Evanston | $93,059 | $7,755 | $1,790 | $45 |
| Skokie | $93,059 | $7,755 | $1,790 | $45 |
| Oak Lawn | $92,987 | $7,749 | $1,788 | $45 |
| Des Plaines | $92,843 | $7,737 | $1,785 | $45 |
| Mount Prospect | $92,771 | $7,731 | $1,784 | $45 |
| Aurora | $92,375 | $7,698 | $1,776 | $44 |
| Hoffman Estates | $92,294 | $7,691 | $1,775 | $44 |
What Does a Mortgage Loan Servicing Manager Do?
Some mortgage loans may have no amortization, or require full repayment of any remaining balance at a certain date, or even.
Updated December 21, 2021
Loan servicing has traditionally been performed by lenders (big banks), but smaller, regional players, and non-bank service providers are moving into the space.
Updated December 22, 2021
The loan to value ratio is considered an important indicator of the riskiness of a mortgage loan: the higher the LTV, the higher the risk that the value of the property (in case of foreclosure) will be insufficient to cover the remaining principal of the loan.
Updated December 21, 2021
As a result, the cost of loan servicing has increased compared to the levels seen before the crisis, and there is always the potential for more regulation.
Updated December 12, 2021
German Bausparkassen (savings and loans associations) are not identical with banks that give mortgages.
Updated December 11, 2021
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Explore JobArchitectFrequently Asked Questions About a Mortgage Loan Servicing Manager Salaries
What is the average of a Mortgage Loan Servicing Manager in Illinois?
The Mortgage Loan Servicing Manager salary range is from $75,967 to $108,617, and the average Mortgage Loan Servicing Manager salary is $91,825/year in Illinois.
The Mortgage Loan Servicing Manager's salary will change in different locations.
Which location pays the highest Mortgage Loan Servicing Manager salary in the United States?
The Mortgage Loan Servicing Manager salary in San Jose, CA is $113,626
which is the highest in the US.
What kinds of reasons will influence the Mortgage Loan Servicing Manager'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 Mortgage Loan Servicing Manager.
What is the growth rate of the Mortgage Loan Servicing Manager's salary?
If you are thinking of becoming a Mortgage Loan Servicing Manager or planning the next step in your career, find the detailed salary report of a Mortgage Loan Servicing Manager.
