Loan Specialist Salary in Salt Lake City, UT

How much does a Loan Specialist make in Salt Lake City, UT?

As of April 01, 2025, the average annual salary for a Loan Specialist in Salt Lake City, UT is $58,442. According to Salary.com, salaries can range from a low of $43,589 to a high of $86,364, with most professionals earning between $50,667 and $73,057.

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Salary range for a Loan Specialist

$50,667 to $73,057

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Loan Specialist

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Job Openings for Loan Specialist in Salt Lake City, UT

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 Salt Lake City, UT

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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 Salt Lake City, UT

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LEVEL OF EDUCATION

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Average Salary Range for Loan Specialist in Salt Lake City, UT

Average Base Salary

Core compensation

50667

73057

58442

Average Total Cash Compensation

Includes base and annual incentives

53270

76580

60862

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 Salt Lake City, UT. The base salary for Loan Specialist ranges from $50,667 to $73,057 with the average base salary of $58,442. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $53,270 to $76,580 with the average total cash compensation of $60,862.

View Average Salary for Loan Specialist as table

	Average Salary	Average Salary Range
Base Salary	$58,442	$50,667 - $73,057
Bonus	$2,420	$2,603 - $3,523
Total Pay	$60,862	$53,270 - $76,580

* 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 Salt Lake City, UT

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Salt Lake City, UT
CITY, STATE West Jordan, UT	AVERAGE SALARY RANGE $50,486 - $72,796	COMPARE TO Salt Lake City, UT
CITY, STATE Sandy, UT	AVERAGE SALARY RANGE $50,532 - $72,863	COMPARE TO Salt Lake City, UT
CITY, STATE South Jordan, UT	AVERAGE SALARY RANGE $50,444 - $72,736	COMPARE TO Salt Lake City, UT
CITY, STATE Lehi, UT	AVERAGE SALARY RANGE $48,006 - $69,220	COMPARE TO Salt Lake City, UT
CITY, STATE Layton, UT	AVERAGE SALARY RANGE $48,456 - $69,870	COMPARE TO Salt Lake City, UT
CITY, STATE Orem, UT	AVERAGE SALARY RANGE $48,228 - $69,541	COMPARE TO Salt Lake City, UT

See salaries for Loan Specialist in locations close to Salt Lake City, UT. 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 Salt Lake City, Utah

Salt Lake City has an area of 110.4 square miles (286 km2) and an average elevation of 4,327 feet (1,319 m) above sea level. The lowest point within the boundaries of the city is 4,210 feet (1,280 m) near the Jordan River and the Great Salt Lake, and the highest is Grandview Peak, at 9,410 feet (2,868 m). The city is in the northeast corner of the Salt Lake Valley surrounded by the Great Salt Lake to the northwest, the steep Wasatch Range to the east, and Oquirrh Mountains to the west. Its encircling mountains contain several narrow canyons, including City Creek, Emigration, Millcreek, and Par...

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

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The Loan 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 Salt Lake City, UT that might be a good fit for the type of job and salary you are looking for.

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50667

73057

About Salt Lake City, Utah Salt Lake City has an area of 110.4 square miles (286 km2) and an average elevation of 4,327 feet (1,319 m) above sea level. The lowest point within t....More

Salt Lake City, Utah area prices were up 2.3% from a year ago

Loan Specialist Salary in popular cities: Provo, West Jordan, Orem

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