How much does a Loan Servicing Specialist make in New York, NY?
Loan Servicing Specialists in New York, NY earn a solid income. On average, they make around $91,901 each year. This salary range can vary based on several factors, like experience and company size. Most specialists earn between $40,000 and $175,000 annually.
To break it down, here's how salaries look at different points in the career:
- Entry-level: Around $40,000
- Mid-level: Between $64,545 and $89,091
- Senior-level: Over $101,364 and up to $175,000
What are the highest paying cities for a Loan Servicing Specialist near New York, NY?
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San Francisco, CA
Average Salary: $93,900
Working in San Francisco allows a professional to serve clients with a variety of mortgage needs. With the tech boom, many financial companies are based here. JPMorgan Chase and Goldman Sachs are prominent employers in the area.
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Houston, TX
Average Salary: $86,030
In Houston, job seekers can find roles that offer a mix of urban and community feel. Companies like Wells Fargo and Chase provide ample opportunities. The city's growth offers a dynamic work environment.
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Jacksonville, FL
Average Salary: $72,565
Jacksonville offers a chance to work in a city that values stability and growth. Roles here often involve working with local clients and providing tailored loan services. Companies such as Chase and Bank of America are significant employers.
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Dallas, TX
Average Salary: $68,944
Dallas is a hub for finance and business, offering many opportunities for those in the field. The city's strong economy means steady demand for loan services. Local banks like Chase and Wells Fargo are key employers.
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Boston, MA
Average Salary: $65,763
Boston provides a unique blend of historic charm and modern business. Professionals here can find work with financial giants like Fidelity and State Street, offering diverse experiences.
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Chicago, IL
Average Salary: $63,803
Chicago's financial sector is robust, with many opportunities for those in loan servicing. The city's diverse client base requires adaptable and skilled professionals. Major banks like Chase and Bank of America are active here.
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Charlotte, NC
Average Salary: $63,727
Charlotte is known as a financial center, with many opportunities for loan servicing specialists. The city is home to major banks like Bank of America and Wells Fargo, providing a strong job market.
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Denver, CO
Average Salary: $61,558
Denver offers a balanced lifestyle with a strong financial sector. The city's growth attracts many companies offering loan servicing roles. Local banks and financial institutions are key employers.
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Los Angeles, CA
Average Salary: $58,323
Los Angeles provides a vibrant environment for professionals in the loan servicing field. The city's large and diverse population offers varied challenges and opportunities. Companies like JPMorgan Chase are active here.
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San Diego, CA
Average Salary: $55,751
San Diego offers a mix of coastal living and professional opportunities. The city's strong financial sector includes companies like Chase and Wells Fargo, providing diverse and rewarding career paths.
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What are the best paying companies for a Loan Servicing Specialist in New York, NY?
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New York State Housing Finance Agency
Average Salary: $80,540
The New York State Housing Finance Agency (HSFA) offers competitive salaries for Loan Servicing Specialists. These professionals manage mortgage loans and ensure smooth operations. The company operates primarily in New York, NY, providing essential housing services to residents.
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Abacus Federal Savings Bank
Average Salary: $43,000
Abacus Federal Savings Bank provides opportunities for Loan Servicing Specialists to handle loan servicing and customer interactions. This company, based in New York, NY, focuses on banking services. Professionals here gain experience in a dynamic financial environment.
What are the best paying Loan Servicing Specialist related jobs in New York, NY?
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Compliance Officer
Average Salary: $180,716
These roles focus on ensuring that all financial operations follow laws and regulations. They work in banks and financial institutions. Companies like JPMorgan Chase and Goldman Sachs look for experienced compliance officers.
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Commercial Loan Officer
Average Salary: $179,433
These officers help businesses secure loans. They assess business plans and credit. This role works with various companies, including Wells Fargo and Citibank. It requires strong communication and analytical skills.
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Credit Counselor
Average Salary: $147,314
They guide individuals on managing their finances and credit. These counselors work with non-profit organizations and financial firms. They help clients improve their financial health and make informed decisions.
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Consumer Banker
Average Salary: $144,256
This role involves providing banking services to individuals. They help customers open accounts and apply for loans. These professionals work for banks like Chase and Bank of America. They need excellent customer service skills and knowledge of financial products.
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Mortgage Loan Originator
Average Salary: $130,558
They help clients find the best mortgage options. They assess clients' finances and guide them through the application process. Companies like Chase and Wells Fargo hire these specialists. They must have strong communication and negotiation skills.
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Loan Specialist
Average Salary: $125,196
These specialists manage the loan process from application to closing. They work with clients and ensure all documents are correct. They often work for banks like Citibank and PNC. They need good attention to detail and organizational skills.
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Risk Analyst
Average Salary: $124,452
They evaluate the risks of financial decisions. They work for insurance companies and banks. Companies like Aon and KPMG hire risk analysts. They need strong analytical skills and an understanding of financial markets.
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Account Manager
Average Salary: $116,503
These managers handle client accounts and ensure customer satisfaction. They work in banks and financial firms. They need good communication and problem-solving skills. Major companies in New York include JPMorgan Chase and Goldman Sachs.
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Credit Analyst
Average Salary: $111,753
They assess the creditworthiness of individuals and businesses. They work for banks and financial institutions. Companies like Bank of America and Citibank hire credit analysts. They need strong analytical skills and attention to detail.
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Financial Advisor
Average Salary: $100,811
These advisors help clients manage their money. They create investment plans and offer advice on financial decisions. Companies like Fidelity and Vanguard hire financial advisors. They need excellent communication skills and a deep understanding of financial markets.
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