As of January 01, 2025, the average annual salary for a Loan Origination Specialist in Springfield, IL is $58,510. Salary.com reports that pay typically ranges from $51,792 to $65,153, with most professionals earning between $45,675 and $71,200.
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A Loan Origination Specialist is responsible for guiding clients through the loan application process, from initial contact to closing. They gather and review financial information, assess the client's creditworthiness, and recommend suitable loan products. They also work with underwriters and other internal teams to ensure that all necessary documentation is in place and that the loan application meets all regulatory requirements. Additionally, Loan Origination Specialists may also be responsible for maintaining relationships with clients and providing ongoing support throughout the loan process. Strong communication and customer service skills are essential for success in this role.
See user submitted job responsibilities for Loan Origination Specialist.
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| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $58,510 | $51,792 - $65,153 |
| Bonus | $1,829 | $545 - $6,221 |
| Total Pay | $60,339 | $52,336 - $71,373 |
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Springfield, IL |
|---|---|---|
| CITY, STATE Normal, IL | AVERAGE SALARY RANGE $51,149 - $64,344 | COMPARE TO Springfield, IL |
| CITY, STATE Bloomington, IL | AVERAGE SALARY RANGE $51,007 - $64,165 | COMPARE TO Springfield, IL |
| CITY, STATE Peoria, IL | AVERAGE SALARY RANGE $51,573 - $64,877 | COMPARE TO Springfield, IL |
| CITY, STATE Champaign, IL | AVERAGE SALARY RANGE $50,639 - $63,702 | COMPARE TO Springfield, IL |
| CITY, STATE Florissant, MO | AVERAGE SALARY RANGE $52,486 - $66,026 | COMPARE TO Springfield, IL |
| CITY, STATE Saint Louis, MO | AVERAGE SALARY RANGE $52,571 - $66,133 | COMPARE TO Springfield, IL |
| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Grain Origination Specialist | LOCATION Springfield, IL | MINIMUM SALARY $102,166 | MAXIMUM SALARY $132,243 |
| JOB TITLE Loan Origination/ Processing Supervisor - Consumer | LOCATION Springfield, IL | MINIMUM SALARY $56,900 | MAXIMUM SALARY $72,500 |
| JOB TITLE Origination Analyst | LOCATION Springfield, IL | MINIMUM SALARY $53,517 | MAXIMUM SALARY $67,627 |
| JOB TITLE Loan Specialist | LOCATION Springfield, IL | MINIMUM SALARY $49,957 | MAXIMUM SALARY $72,036 |
| JOB TITLE Analyst, Power Origination | LOCATION Springfield, IL | MINIMUM SALARY $74,798 | MAXIMUM SALARY $98,493 |
| JOB TITLE Loan Processing Supervisor | LOCATION Springfield, IL | MINIMUM SALARY $56,865 | MAXIMUM SALARY $72,407 |
About Springfield, Illinois Springfield is the capital of the U.S. state of Illinois and the county seat of Sangamon County. The city's population of 116,250 as of the 2010 U.S. ....More
Springfield, Illinois area prices were up 1.3% from a year ago
Loan Origination Specialist Salary in popular cities: Chicago, Aurora, Rockford
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role