How much does a Loan Specialist make in Pasadena, CA?
In Pasadena, CA, a Loan Specialist can expect a competitive salary. The average yearly salary stands at $126,043. This figure reflects the earning potential for those in this profession within the area. Job seekers in Pasadena will find this field attractive due to the stable and rewarding nature of the role.
The salary distribution for Loan Specialists in Pasadena varies. Most earn between $46,630 and $139,695 annually. This range offers many opportunities for growth and advancement. It also highlights the job market’s diversity for those with different levels of experience and expertise. An aspiring Loan Specialist can plan their career path by understanding these figures.
What are the highest paying cities for a Loan Specialist near Pasadena, CA?

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Los Angeles, CA
Average Salary: $114,330
In Los Angeles, loan specialists can find opportunities in major financial institutions. Companies like Bank of America and JPMorgan Chase are prominent employers. They offer competitive salaries and chances to grow in the banking sector.
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Culver City, CA
Average Salary: $108,178
Culver City provides a vibrant environment for loan specialists. Local banks and credit unions hire candidates to help clients with mortgages and personal loans. The area offers a blend of professional growth and community engagement.
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Glendale, CA
Average Salary: $84,020
Glendale has a variety of opportunities for those interested in loan services. Here, loan specialists can work in both large and small financial firms. The area is known for a welcoming business environment and a diverse workforce.
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El Monte, CA
Average Salary: $79,257
El Monte offers numerous options for aspiring loan specialists. Local banks and credit unions need skilled professionals to assist with loan applications and customer service. The area provides a supportive community and potential for advancement.
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Burbank, CA
Average Salary: $78,401
In Burbank, loan specialists enjoy a range of opportunities. Major banks and financial institutions are always looking for qualified candidates. The city is known for its entertainment industry, offering a dynamic work atmosphere.
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Rosemead, CA
Average Salary: $69,481
Rosemead is a hub for loan professionals. Here, loan specialists can find jobs with various financial firms, including banks and credit unions. The area is diverse and offers a bustling business environment.
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Beverly Hills, CA
Average Salary: $68,309
Beverly Hills is home to upscale financial institutions that employ loan specialists. Working in this city means assisting high-net-worth individuals with their loan needs. The area is known for luxury and professionalism.
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Alhambra, CA
Average Salary: $56,879
Alhambra offers many opportunities for those in the loan industry. Local banks and credit unions hire loan specialists to help with mortgages and personal loans. The city is known for its strong sense of community.
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Monterey Park, CA
Average Salary: $53,776
Monterey Park provides a good setting for loan specialists to work. The city hosts various financial institutions, offering positions for those interested in helping clients with loans. The area is family-friendly and offers a good quality of life.
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What are the best paying companies for a Loan Specialist in Pasadena, CA?

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PENNYMAC
Average Salary: $140,023
PENNYMAC, a mortgage lender based in Pasadena, California, provides various mortgage-related services. Loan Specialists here work on different aspects of loan processing and customer service. They help clients through the loan application process and provide support throughout. With multiple branches across the country, PENNYMAC offers robust career opportunities for Loan Specialists.
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East West Bank
Average Salary: $65,833
East West Bank, founded in 1973, is a private commercial bank with branches in multiple locations. In Pasadena, Loan Specialists at East West Bank work on mortgage loans, including processing, underwriting, and closing. The bank is known for its customer-focused services and strong community presence. Job seekers can expect to engage in detailed financial analysis and client interactions as part of their role.
What are the best paying Loan Specialist related jobs in Pasadena, CA?

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Commercial Loan Officer
Average Salary: $178,667
This role involves managing and evaluating commercial loans for businesses. These professionals work with clients to understand their needs. They help them navigate the loan process. Companies in Pasadena, like local banks and credit unions, often hire these officers.
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Portfolio Manager
Average Salary: $144,890
Portfolio managers oversee collections of investments. They aim to boost returns while managing risk. These managers work for investment firms in Pasadena. They help businesses and individuals grow their wealth. A keen eye for market trends is essential.
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Fraud Analyst
Average Salary: $100,612
Fraud analysts look for signs of fraudulent activities. They use data analysis to detect unusual patterns. Financial institutions in Pasadena often employ these analysts. They help prevent financial losses and ensure security.
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Credit Analyst
Average Salary: $89,645
Credit analysts evaluate the creditworthiness of individuals and businesses. They assess financial data to make lending decisions. Firms in Pasadena, including banks and credit unions, rely on these analysts. Their work is crucial for loan approvals.
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Financial Advisor
Average Salary: $88,250
Financial advisors provide guidance on investments and savings. They help clients develop financial plans. Companies in Pasadena offer these services. Advisors build long-term relationships with clients. They aim to help them achieve their financial goals.
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Branch Manager
Average Salary: $83,626
Branch managers oversee daily operations at financial institutions. They ensure smooth service delivery. Managers work for banks and credit unions in Pasadena. They supervise staff and manage customer relations. Strong leadership skills are key.
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Risk Analyst
Average Salary: $82,167
Risk analysts identify and assess financial risks. They evaluate data to predict potential issues. Firms in Pasadena depend on these analysts. They help businesses make informed decisions. Their work is vital for risk management.
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Underwriter
Average Salary: $79,168
Underwriters evaluate risk for insurance and loans. They decide whether to approve a policy or loan. Companies in Pasadena hire these professionals. They analyze data to assess potential risks. Their decisions impact financial outcomes.
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Operations Analyst
Average Salary: $72,250
Operations analysts improve business processes. They analyze data and find ways to increase efficiency. Firms in Pasadena seek these analysts. They work to streamline operations. Their goal is to boost productivity and reduce costs.
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Loan Servicing Specialist
Average Salary: $66,138
Loan servicing specialists manage existing loans for clients. They handle payments and account inquiries. Banks and mortgage companies in Pasadena employ these specialists. They ensure smooth loan processing. Their work is key to customer satisfaction.
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