Loan Administrator

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October 30, 2016

Jobs

Loan Administrator Job Description

Financial Managers, Branch or Department Direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department. Loan Officers Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

Loan Administrator Salary Statistics as of 2015

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Average annual salary for a Loan Administrator is $43022 based on statistics in the U.S. as of 2015. The highest salary recorded was $67832. The lowest salary reported was $28281. These figures will vary on a state to state basis as these are averages across all 50 states.

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Median hourly wage for a Loan Administrator is $21.39 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $33.73. The lowest hourly rate recorded was $14.06. These figures will vary on a state to state basis as these are averages across all 50 states.

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Bonuses for a Loan Administrator are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $2750 from people with 15+ years of experience. The average bonus recorded was $0 from people with under 1 year of experience.

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These are the highest paying states for a Loan Administrator. These numbers are based of the median annual salary as of 2015.
California – $46,540 – $87,586
Illinois – $20,168 – $61,042
New Jersey – $45,769 – $65,547
New York – $31,943 – $70,973
Ohio – $30,960 – $48,149
Pennsylvania – $37,705 – $54,831
Texas – $21,652 – $42,412

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These are the highest paying cities for a Loan Administrator. These numbers are based of the median annual salary as of 2015.
New York, New York –
Los Angeles, California –
Boston, Massachusetts –
Cleveland, Ohio –
Jersey City, New Jersey –
Chicago, Illinois –
Pittsburgh, Pennsylvania –

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This chart outlines the average annual salary of a Loan Administrator from the past 5 years. In 2015 the average annual salary was $43022 while in 2007 it was just $39897.85

Job Outlook

Gender Statistics

Related Jobs

20%

80%

Based on our stats gathered across the U.S. 20% of Loan Administrators were males while 80% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Customer Service Representative (CSR)
$19,513 – $41,593
Loan Processor
$21,906 – $46,629
Bank Teller
$17,489 – $28,072

Future Jobs

Commercial Credit Analyst
$32,789 – $64,394


Loan Administrator Jobs

 

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