Senior Loan Administrator Salary
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How much does a Senior Loan Administrator make? The average Senior Loan Administrator salary is $42,002 as of June 27, 2024, but the salary range typically falls between $35,000 and $45,808. 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.
Salary range for a Senior Loan Administrator
$35,000 to $45,808
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What does a Senior Loan Administrator do?
Common responsibilities of a Senior Loan Administrator
Obtaining and reviewing the appraisal and environmental reports and bringing any and all issues to the attention of the processing supervisor or an Underwriting Manager.
December 19, 2022
Consults with Relationship Managers and their managers within assigned portfolio regarding underwriting, structuring, and other risk aspects of the request, emphasizing early and continuous communication as a request develops.
January 01, 2023
Review approval of title matters and requirements for endorsements as dictated by normal procedures and as may be required by unusual conditions of title.
February 03, 2023
Update system checklist and conversation log as information is received and discussed.
February 20, 2023
Prepares and sends the Additional Information Letter (AIL) to the Borrower notifying them of any additional documentation requirements.
May 07, 2023
Audit loan file for completeness and to determine that all bank requirements and guidelines have been met or obtain the appropriate documentation to reflect approval of an exception to requirements.
May 16, 2023
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Explore JobArchitectSenior Loan Administrator Salary in Major Cities
This chart shows the salary comparison for Senior Loan Administrator between major cities. San Francisco City consistently ranks #1 as of June 27, 2024. Click on the chart to see the detail salary data for Senior Loan Administrator in each city.
Senior Loan Administrator Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Senior Loan Administrator Salary by City
Click to see the salary for Senior Loan Administrator in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $52,503 |
| Washington, DC | $46,748 |
| Miami, FL | $40,532 |
| Chicago, IL | $44,060 |
| Boston, MA | $47,084 |
| New York, NY | $49,059 |
| Dallas, TX | $41,456 |
If you'd like know Senior Loan Administrator Salary in other cities, then please select a city in
Average Salary Range for Senior Loan Administrator
Average Base Salary
Core compensation
35000
45808
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Senior Loan Administrator in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Senior Loan Administrator in the United States. The base salary for Senior Loan Administrator ranges from $35,000 to $45,808 with the average base salary of $42,002. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $35,924 to $48,463 with the average total cash compensation of $42,919.
View Average Salary for Senior Loan Administrator as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $42,002 | $35,000 - $45,808 |
| Bonus | $917 | $924 - $2,655 |
| Total Pay | $42,919 | $35,924 - $48,463 |
* 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.
Estimate Salary for Senior Loan Administrator online for free
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Please enter the following pay factors for Senior Loan Administrator, to get a real-time salary target.
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Comments about Senior Loan Administrator
What's the difference between Loan Administrator and Senior Loan Administrator?
According to our latest salary estimation on June 27, 2024. The average salary of Senior Loan Administrator is $42,002, and the average salary of Loan Administrator is $42,713. The average salary of Loan Administrator is higher than Senior Loan Administrator. ( 2024-06-27 salary.com )
I am a Senior Loan Administrator, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Senior Loan Administrator. a Senior Loan Administrator Salary in Bentonville, AR is $37,970 as of June 27, 2024; a Senior Loan Administrator Salary in Auburn, AL is $37,046 as of June 27, 2024. ( 2024-06-27 salary.com )
Senior Loan Administrator Frequently Asked Questions
Why does the salary of a Senior Loan Administrator vary from city to city?
The cost of living is tied to salaries.
If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there.
This is why you're always going to make more money in New York City for example, than in a small town. ( 2024-06-27 salary.com )
What are the Pay Factors for Senior Loan Administrator?
Salary ranges for a Senior Loan Administrator can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience.
Click here to view Eight Factors That Can Affect Your Pay ( 2024-06-27 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company,
but there are several important pay factors that come into play based on your individual history that could impact your value to the company.
Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2024-06-27 salary.com )
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Last Update: June 27, 2024