LOAN OPERATIONS SPECIALIST Salary in Bloomington, IN

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What is the highest and lowest pay for LOAN OPERATIONS SPECIALIST?

As of December 01, 2024, the average annual pay of LOAN OPERATIONS SPECIALIST in Bloomington, IN is $49,126. While Salary.com is seeing that the highest pay for LOAN OPERATIONS SPECIALIST in Bloomington, IN can go up to $65,210 and the lowest down to $37,785, but most earn between $43,189 and $57,545. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of LOAN OPERATIONS SPECIALIST in the United States.

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Salary range for a LOAN OPERATIONS SPECIALIST
$43,189 to $57,545
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What is a LOAN OPERATIONS SPECIALIST?

A LOAN OPERATIONS SPECIALIST is responsible for managing the administrative and operational tasks related to loan processing and servicing. This includes reviewing loan applications, verifying documentation, and ensuring compliance with regulations and internal policies. They also handle loan disbursements, payments, and account maintenance, as well as resolving any issues or discrepancies that may arise. Additionally, they may assist with customer inquiries and provide support to loan officers and other team members. Strong attention to detail, organizational skills, and knowledge of loan processing procedures and regulations are essential for this role.

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LOAN OPERATIONS SPECIALIST Salary By Experience Levels in Bloomington, IN

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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.

LOAN OPERATIONS SPECIALIST Salary By Level of Education in Bloomington, IN

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for LOAN OPERATIONS SPECIALIST in Bloomington, IN

Average Base Salary

Core compensation

 
 
 
43189
57545
49126

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
44506
60161
50977
What is the average salary for LOAN OPERATIONS SPECIALIST in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of LOAN OPERATIONS SPECIALIST in Bloomington, IN. The base salary for LOAN OPERATIONS SPECIALIST ranges from $43,189 to $57,545 with the average base salary of $49,126. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $44,506 to $60,161 with the average total cash compensation of $50,977.

View Average Salary for LOAN OPERATIONS SPECIALIST as table

Average Salary Average Salary Range
Base Salary $49,126 $43,189 - $57,545
Bonus $1,851 $1,317 - $2,616
Total Pay $50,977 $44,506 - $60,161
* 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.

LOAN OPERATIONS SPECIALIST Salary Near Bloomington, IN

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Bloomington, IN
CITY, STATE Greenwood, IN AVERAGE SALARY RANGE $45,609 - $60,769 COMPARE TO Bloomington, IN
CITY, STATE Indianapolis, IN AVERAGE SALARY RANGE $45,628 - $60,794 COMPARE TO Bloomington, IN
CITY, STATE Terre Haute, IN AVERAGE SALARY RANGE $43,053 - $57,364 COMPARE TO Bloomington, IN
CITY, STATE Fishers, IN AVERAGE SALARY RANGE $44,806 - $59,699 COMPARE TO Bloomington, IN
CITY, STATE Carmel, IN AVERAGE SALARY RANGE $45,572 - $60,719 COMPARE TO Bloomington, IN
CITY, STATE Vincennes, IN AVERAGE SALARY RANGE $42,506 - $56,634 COMPARE TO Bloomington, IN
See salaries for LOAN OPERATIONS SPECIALIST in locations close to Bloomington, IN. 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.

View Salary for Similar Jobs to LOAN OPERATIONS SPECIALIST in Bloomington, IN

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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Loan Operations Specialist I LOCATION Bloomington, IN MINIMUM SALARY $47,274 MAXIMUM SALARY $60,420
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JOB TITLE Loan Operations Officer LOCATION Bloomington, IN MINIMUM SALARY $76,171 MAXIMUM SALARY $108,215
JOB TITLE Loan Operations Assistant LOCATION Bloomington, IN MINIMUM SALARY $41,319 MAXIMUM SALARY $51,552
JOB TITLE Director of Loan Operations LOCATION Bloomington, IN MINIMUM SALARY $166,363 MAXIMUM SALARY $212,814
JOB TITLE Loan Operations Analyst LOCATION Bloomington, IN MINIMUM SALARY $51,022 MAXIMUM SALARY $63,968
The LOAN OPERATIONS SPECIALIST job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Bloomington, IN that might be a good fit for the type of job and salary you are looking for.

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43189
57545

 

About Bloomington, Indiana    Bloomington is a city in and the county seat of Monroe County in the southern region of the U.S. state of Indiana. It is the seventh-largest city in I....More

Bloomington, Indiana  area prices were up 1.3% from a year ago

LOAN OPERATIONS SPECIALIST Salary in popular cities: Indianapolis, Fort Wayne, Evansville

Recently searched related titles: Commercial Loan Documentation, Commercial Banking Assistant, Commercial Lines Processor

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

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