Loan Specialist Salary in Albuquerque, New Mexico

How much does a Loan Specialist make in Albuquerque, NM?

As of March 01, 2025, the average annual salary for a Loan Specialist in Albuquerque, NM is $56,124. According to Salary.com, salaries can range from a low of $41,859 to a high of $82,947, with most professionals earning between $48,657 and $70,164.

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Salary range for a Loan Specialist

$48,657 to $70,164

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Loan Specialist

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Job Openings for Loan Specialist in Albuquerque, NM

What does a Loan Specialist do?

Common responsibilities of a Loan Specialist

Assist department by reporting any changes to internal controls or procedural changes as they occur to ensure policies and procedures are reflective of current processes and workflows.

November 25, 2022

Prepares memos with appropriate recommendations under Individual Delegated Authority (IDA) and to the appropriate approval authority for those transactions exceeding an IDA.

February 21, 2023

Requires High School diploma or equivalent and some 2+ year banking or loan processing, documentation or loan assistant experience or other directly related experience.

March 14, 2023

Completes a review of executed loan documentation packages to verify that all required documents have been received and signed accurately and authorizes the executed loan package to be boarded onto the Bank's loan system.

April 11, 2023

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Loan Specialist Salary By Experience Levels in Albuquerque, NM

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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 Specialist Salary By Level of Education in Albuquerque, NM

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LEVEL OF EDUCATION

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Average Salary Range for Loan Specialist in Albuquerque, NM

Average Base Salary

Core compensation

48657

70164

56124

Average Total Cash Compensation

Includes base and annual incentives

51163

73545

58446

What is the average salary for Loan Specialist in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Specialist in Albuquerque, NM. The base salary for Loan Specialist ranges from $48,657 to $70,164 with the average base salary of $56,124. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $51,163 to $73,545 with the average total cash compensation of $58,446.

View Average Salary for Loan Specialist as table

	Average Salary	Average Salary Range
Base Salary	$56,124	$48,657 - $70,164
Bonus	$2,322	$2,505 - $3,381
Total Pay	$58,446	$51,163 - $73,545

* 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 Specialist Salary Near Albuquerque, NM

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Albuquerque, NM
CITY, STATE Rio Rancho, NM	AVERAGE SALARY RANGE $48,515 - $69,958	COMPARE TO Albuquerque, NM
CITY, STATE Santa Fe, NM	AVERAGE SALARY RANGE $48,916 - $70,537	COMPARE TO Albuquerque, NM
CITY, STATE Farmington, NM	AVERAGE SALARY RANGE $48,017 - $69,240	COMPARE TO Albuquerque, NM
CITY, STATE Alamogordo, NM	AVERAGE SALARY RANGE $46,173 - $66,581	COMPARE TO Albuquerque, NM
CITY, STATE Roswell, NM	AVERAGE SALARY RANGE $45,396 - $65,462	COMPARE TO Albuquerque, NM
CITY, STATE Las Cruces, NM	AVERAGE SALARY RANGE $43,999 - $63,446	COMPARE TO Albuquerque, NM

See salaries for Loan Specialist in locations close to Albuquerque, NM. 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 Albuquerque, New Mexico

According to the United States Census Bureau, Albuquerque has a total area of 189.5 square miles (490.9 km2), of which 187.7 square miles (486.2 km2) is land and 1.8 square miles (4.7 km2), or 0.96%, is water. Albuquerque lies within the northern, upper edges of the Chihuahuan Desert ecoregion, based on long-term patterns of climate, associations of plants and wildlife, and landforms, including drainage patterns. Located in central New Mexico, the city also has noticeable influences from the adjacent Colorado Plateau semi-desert, Arizona-New Mexico Mountains, and Southwest plateaus and plains ...

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

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