Lending Specialist Salary in Duluth, Minnesota

How much does a Lending Specialist make in Duluth, MN?

As of April 01, 2025, the average annual salary for a Lending Specialist in Duluth, MN is $50,916. According to Salary.com, salaries can range from a low of $40,810 to a high of $61,690, with most professionals earning between $45,626 and $56,556.

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Salary range for a Lending Specialist

$45,626 to $56,556

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Lending Specialist

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Job Openings for Lending Specialist in Duluth, MN

What does a Lending Specialist do?

Common responsibilities of a Lending Specialist

Reviews announcements/bulletins pertaining to investors, vendors, mortgage insurance companies, distributes to appropriate areas and follows-up, and actively seeks out updates.

September 30, 2022

Supports Bank's efforts on all corporate compliance audits and Agency compliance examinations, including advance preparation, coordination of all information gathering between business units during the audit/exam and remediation actions.

December 02, 2022

Works with a sense of urgency, seeks out and adapts to best practices, seeks constant improvement, motivated by personal and departmental goals.

January 15, 2023

Manage activities through heavy communication with external clients and internal business partners and act as a single point of contact throughout the letter of credit process.

February 01, 2023

Performs all escrow related responsibilities including verification of initial escrow deposit requirements for loan closings, set-up for commercial accounts and completion of monthly analysis.

February 06, 2023

Complete Guarantee of Title forms received from insurance companies, provide them with documentation needed to send payment and mail title after payment is received.

February 22, 2023

Provides the highest quality of service to our members attempting to maximize the number of service relationships the member has with the credit union.

April 06, 2023

Assist Commercial Lending Officer in developing new lending and depository business with existing and prospective customers including preparation of advance presentation packages for bank product presentations.

April 11, 2023

Prepare and finalize legal commercial documents for new loans, modifications, renewals, and annual reviews as well as organize files to be sent to Loan Operations for boarding and document management.

April 27, 2023

Demonstrate ability to multi-task, prioritize, and accept change and function in a team environment and deal professionally with internal and external customers.

May 13, 2023

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Lending Specialist Salary By Experience Levels in Duluth, MN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Lending Specialist Salary By Level of Education in Duluth, MN

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LEVEL OF EDUCATION

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Average Salary Range for Lending Specialist in Duluth, MN

Average Base Salary

Core compensation

45626

56556

50916

Average Total Cash Compensation

Includes base and annual incentives

46342

59331

52190

What is the average salary for Lending Specialist in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Lending Specialist in Duluth, MN. The base salary for Lending Specialist ranges from $45,626 to $56,556 with the average base salary of $50,916. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,342 to $59,331 with the average total cash compensation of $52,190.

View Average Salary for Lending Specialist as table

	Average Salary	Average Salary Range
Base Salary	$50,916	$45,626 - $56,556
Bonus	$1,274	$716 - $2,775
Total Pay	$52,190	$46,342 - $59,331

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Lending Specialist Salary Near Duluth, MN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Duluth, MN
CITY, STATE Saint Paul, MN	AVERAGE SALARY RANGE $49,784 - $61,709	COMPARE TO Duluth, MN
CITY, STATE Saint Cloud, MN	AVERAGE SALARY RANGE $46,925 - $58,165	COMPARE TO Duluth, MN
CITY, STATE Minneapolis, MN	AVERAGE SALARY RANGE $49,784 - $61,709	COMPARE TO Duluth, MN
CITY, STATE Minnetonka, MN	AVERAGE SALARY RANGE $49,784 - $61,709	COMPARE TO Duluth, MN
CITY, STATE Eau Claire, WI	AVERAGE SALARY RANGE $45,812 - $56,785	COMPARE TO Duluth, MN
CITY, STATE Eden Prairie, MN	AVERAGE SALARY RANGE $49,698 - $61,603	COMPARE TO Duluth, MN

See salaries for Lending Specialist in locations close to Duluth, MN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Duluth, Minnesota

According to the United States Census Bureau, the city has a total area of 87.43 square miles (226.44 km2); 67.79 square miles (175.58 km2) is land and 19.64 square miles (50.87 km2) is water. It is Minnesota's second-largest city by land area, surpassed only by Hibbing. Of its 87.3 square miles (226 km2), 68 square miles (180 km2), or 77.89%, is land and 19.3 square miles (50 km2), or 22.11%, is water. Duluth's canal connects Lake Superior to the Duluth–Superior harbor and the Saint Louis River. It is spanned by the Aerial Lift Bridge, which connects Canal Park with Minnesota Point ("Park Poi...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Lending Specialist in Duluth, MN

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Middle Market Lending Specialist	LOCATION Duluth, MN	MINIMUM SALARY $48,810	MAXIMUM SALARY $63,573
JOB TITLE Consumer Lending Specialist	LOCATION Duluth, MN	MINIMUM SALARY $54,566	MAXIMUM SALARY $66,034
JOB TITLE Home Lending Specialist	LOCATION Duluth, MN	MINIMUM SALARY $46,305	MAXIMUM SALARY $57,917
JOB TITLE Lending Support Specialist	LOCATION Duluth, MN	MINIMUM SALARY $46,305	MAXIMUM SALARY $57,917
JOB TITLE Relationship Manager Lending Specialist	LOCATION Duluth, MN	MINIMUM SALARY $45,626	MAXIMUM SALARY $56,556
JOB TITLE Consumer Lending Sales Specialist	LOCATION Duluth, MN	MINIMUM SALARY $66,475	MAXIMUM SALARY $71,916

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