Loan Specialist Salary in Nashville, Tennessee

How much does a Loan Specialist make in Nashville, TN?

As of March 01, 2025, the average annual salary for a Loan Specialist in Nashville, TN is $56,244. According to Salary.com, salaries can range from a low of $41,948 to a high of $83,123, with most professionals earning between $48,761 and $70,314.

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Salary range for a Loan Specialist

$48,761 to $70,314

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Loan Specialist

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Job Openings for Loan Specialist in Nashville, TN

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 Nashville, TN

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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 Nashville, TN

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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 Specialist in Nashville, TN

Average Base Salary

Core compensation

48761

70314

56244

Average Total Cash Compensation

Includes base and annual incentives

51272

73701

58570

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 Nashville, TN. The base salary for Loan Specialist ranges from $48,761 to $70,314 with the average base salary of $56,244. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $51,272 to $73,701 with the average total cash compensation of $58,570.

View Average Salary for Loan Specialist as table

	Average Salary	Average Salary Range
Base Salary	$56,244	$48,761 - $70,314
Bonus	$2,326	$2,511 - $3,388
Total Pay	$58,570	$51,272 - $73,701

* 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 Nashville, TN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Nashville, TN
CITY, STATE Hendersonville, TN	AVERAGE SALARY RANGE $48,189 - $69,488	COMPARE TO Nashville, TN
CITY, STATE Franklin, TN	AVERAGE SALARY RANGE $48,092 - $69,349	COMPARE TO Nashville, TN
CITY, STATE Murfreesboro, TN	AVERAGE SALARY RANGE $47,899 - $69,070	COMPARE TO Nashville, TN
CITY, STATE Clarksville, TN	AVERAGE SALARY RANGE $47,017 - $67,798	COMPARE TO Nashville, TN
CITY, STATE Bowling Green, KY	AVERAGE SALARY RANGE $46,909 - $67,643	COMPARE TO Nashville, TN
CITY, STATE Hopkinsville, KY	AVERAGE SALARY RANGE $46,587 - $67,179	COMPARE TO Nashville, TN

See salaries for Loan Specialist in locations close to Nashville, TN. 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 Nashville, Tennessee

Nashville is the capital and most populous city of the U.S. state of Tennessee. The city is the county seat of Davidson County and is located on the Cumberland River. The city's population ranks 24th in the U.S. According to 2017 estimates from the U.S. Census Bureau, the total consolidated city-county population stood at 691,243. The "balance" population, which excludes semi-independent municipalities within Davidson County, was 667,560 in 2017. Located in northern Middle Tennessee, Nashville is the main core of the largest metropolitan area in Tennessee. The 2017 population of the entire 14-...

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

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