LOAN OPERATIONS SPECIALIST Salary in Frederick, IL

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How much does a LOAN OPERATIONS SPECIALIST make in Frederick, IL? The average LOAN OPERATIONS SPECIALIST salary in Frederick, IL is $50,619 as of April 24, 2024, but the salary range typically falls between $44,236 and $59,380. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Salary range for a LOAN OPERATIONS SPECIALIST
$44,236 to $59,380
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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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Search LOAN OPERATIONS SPECIALIST Job Openings

Job Openings for LOAN OPERATIONS SPECIALIST in Frederick, IL
Banking Operations Specialist
Russell Tobin - Seattle , WA
Banking Operations Specialist Pay: $20.00 - $21.00/hour (based upon experience) Duration: 12-month ... Approve credit exposures (hard and soft) and manage loan onboarding and administration for agented ...
LinkedIn - 11 days ago
Loan Quality Specialist
First Community Credit Union of Oregon - Coquille , OR
The Loan Quality Specialist position is a key role at First Community and affords a rewarding ... Adequately perform all operational functions pertaining to position. * Confidentiality is of utmost ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 15 days ago
Operations Specialist
DBS Bank - Los Angeles , CA
This position handles loan operations, remittance/wires, and stand-by letters of Credit within the operations in the office. Works independently to process all types of loans (syndication, bilateral ...
LinkedIn - 15 days ago
Financial Operations Specialist
Center for Family Health and Education - Los Angeles , CA
Financial Operations Specialist GENERAL PURPOSE OF POSITION Assistant to the CFO is responsible for ... Assure that payments for payables, leases, loans and other financial obligations are made in a ...
ZipRecruiter - 16 days ago
Operations Servicing Specialist
Celtic Bank - Salt Lake City , UT
As an Operations Servicing Specialist for Celtic Bank, you will work with Loan Operations team members to complete objectives in a rapidly growing and changing lending environment. You will connect ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 10 days ago
Member Operations Account Specialist I
Orange County's Credit Union - Santa Ana , CA
As the Member Operations Account Administration Specialist I, you are a liaison to both internal ... loan account products and services and member service. * Working proficiency with modern office ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 2 days ago
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LOAN OPERATIONS SPECIALIST Salary By Experience Levels in Frederick, IL

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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 Frederick, IL

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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 Frederick, IL

Average Base Salary

Core compensation

 
 
 
44236
59380
50619

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
45775
62011
52741
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 Frederick, IL. The base salary for LOAN OPERATIONS SPECIALIST ranges from $44,236 to $59,380 with the average base salary of $50,619. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $45,775 to $62,011 with the average total cash compensation of $52,741.

View Average Salary for LOAN OPERATIONS SPECIALIST as table

Average Salary Average Salary Range
Base Salary $50,619 $44,236 - $59,380
Bonus $2,122 $1,539 - $2,631
Total Pay $52,741 $45,775 - $62,011
* 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 Frederick, IL

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Frederick, IL
CITY, STATE Springfield, IL AVERAGE SALARY RANGE $43,424 - $58,290 COMPARE TO Frederick, IL
CITY, STATE Peoria, IL AVERAGE SALARY RANGE $44,323 - $59,497 COMPARE TO Frederick, IL
CITY, STATE Normal, IL AVERAGE SALARY RANGE $43,959 - $59,008 COMPARE TO Frederick, IL
CITY, STATE Florissant, MO AVERAGE SALARY RANGE $45,108 - $60,550 COMPARE TO Frederick, IL
CITY, STATE O Fallon, MO AVERAGE SALARY RANGE $44,814 - $60,156 COMPARE TO Frederick, IL
CITY, STATE Saint Peters, MO AVERAGE SALARY RANGE $44,839 - $60,189 COMPARE TO Frederick, IL
See salaries for LOAN OPERATIONS SPECIALIST in locations close to Frederick, IL. 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 Frederick, IL

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JOB TITLE Loan Operations Specialist I LOCATION Frederick, IL MINIMUM SALARY $49,339 MAXIMUM SALARY $63,972
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JOB TITLE Loan Operations Analyst LOCATION Frederick, IL MINIMUM SALARY $47,653 MAXIMUM SALARY $60,353
JOB TITLE Loan Operations Officer LOCATION Frederick, IL MINIMUM SALARY $74,763 MAXIMUM SALARY $106,358
JOB TITLE Loan Operations Assistant LOCATION Frederick, IL MINIMUM SALARY $37,592 MAXIMUM SALARY $48,011
JOB TITLE Loan Operations Representative LOCATION Frederick, IL MINIMUM SALARY $41,306 MAXIMUM SALARY $52,109
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 Frederick, IL that might be a good fit for the type of job and salary you are looking for.

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44236
59380

 

About Frederick, Illinois    Frederick is an unincorporated community in Schuyler County, Illinois, United States. Frederick is near the Illinois River, 4 miles (6.4 km) north of ....More

Frederick, Illinois  area prices were up 1.3% from a year ago

LOAN OPERATIONS SPECIALIST Salary in popular cities: Chicago, Aurora, Rockford

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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