Loan Specialist Salary in Philadelphia, PA

A Loan Specialist in Philadelphia, PA, earns an average yearly salary of $92,032. This figure reflects the median income for professionals in this role. The salary range varies, with some specialists earning as low as $34,620 and others reaching up to $237,500 annually. This wide range depends on factors such as experience, education, and the specific employer.

The salary distribution shows that many Loan Specialists earn between $53,064 and $108,395 per year. This range includes the majority of professionals in the field. Higher salaries often go to those with more experience or specialized skills. Entry-level positions may start at the lower end of the scale, while senior roles can command higher pay. Job seekers should consider these factors when aiming for a specific salary range.

1. Allentown, PA
   Average Salary: $154,114
   In Allentown, PA, professionals in the lending industry enjoy a vibrant community. Companies like Santander and TD Bank offer opportunities to work with clients on mortgages and loans. The area provides a mix of urban and suburban settings, making it a great place to live and work.
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2. Newark, NJ
   Average Salary: $152,038
   Newark, NJ, is a bustling city with many financial institutions. Working here, you can find roles with companies like Chase and PNC Bank. The city's diverse culture and strong economy make it an exciting place to build a career in lending.
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3. Baltimore, MD
   Average Salary: $132,485
   Baltimore, MD, offers a unique blend of urban and historic charm. Here, you can work with companies such as M&T Bank and Wells Fargo. The city's rich history and vibrant arts scene provide a dynamic backdrop for a career in lending.
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4. Trenton, NJ
   Average Salary: $125,305
   In Trenton, NJ, you can find rewarding roles in the lending sector with companies like Capital One and TD Bank. The city is known for its rich history and is home to many government institutions, offering a stable work environment.
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5. Wilmington, DE
   Average Salary: $116,283
   Wilmington, DE, is a key financial hub with many opportunities in the lending industry. Companies like Bank of America and JPMorgan Chase offer roles that involve working with clients on loans. The city's strong economy and quality of life make it an attractive place to work.
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6. Washington, DC
   Average Salary: $115,852
   Washington, DC, is a major center for finance and lending. Working here, you can find roles with companies like Capital One and Wells Fargo. The city's political and economic influence provides a dynamic and impactful work environment.
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7. Dover, DE
   Average Salary: $111,678
   Dover, DE, offers a mix of small-town charm and professional opportunities. Companies like TD Bank and Chase provide roles in lending. The city's low cost of living and friendly community make it a great place to build a career.
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8. New York, NY
   Average Salary: $110,599
   New York, NY, is a global financial center with endless opportunities in the lending industry. Companies like Goldman Sachs and Citibank offer roles that involve working with clients on various types of loans. The city's fast-paced environment and diverse culture provide a unique work experience.
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9. Cherry Hill, NJ
   Average Salary: $100,625
   Cherry Hill, NJ, offers a suburban setting with many financial institutions. Working here, you can find roles with companies like TD Bank and PNC Bank. The area provides a good balance of work and a relaxed lifestyle.
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10. Lancaster, PA
    Average Salary: $96,158
    Lancaster, PA, is a historic city with a growing financial sector. Companies like Wells Fargo and M&T Bank offer roles in lending. The city's rich heritage and friendly community make it a great place to work and live.
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1. American Heritage Federal Credit Union
   Average Salary: $84,300
   American Heritage Federal Credit Union offers rewarding Loan Specialist jobs in Philadelphia, PA. They focus on providing excellent customer service. This company operates multiple branches in the Philadelphia area, offering a stable work environment.
   

   
   

2. SUN FEDERAL CREDIT UNION
   Average Salary: $53,795
   SUN FEDERAL CREDIT UNION provides Loan Specialist positions in Philadelphia, PA. They emphasize teamwork and community involvement. The company has several locations in the Philadelphia region, ensuring diverse opportunities for growth.
   

   
   

3. Mutual of Omaha Mortgage
   Average Salary: $31,648
   Mutual of Omaha Mortgage offers Loan Specialist jobs in Philadelphia, PA. They focus on innovative mortgage solutions. This company operates in various locations across Philadelphia, providing a dynamic work setting.
   

1. Mortgage Loan Originator
   Average Salary: $132,624
   This role involves helping clients find the right mortgage. They work with banks and mortgage companies. They assess the client's financial situation and guide them through the application process.
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2. Portfolio Manager
   Average Salary: $116,922
   Portfolio managers handle a variety of investments. They work for financial firms and investment companies. They analyze market trends and make decisions to grow their clients' investments.
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3. Underwriter
   Average Salary: $112,212
   Underwriters review loan applications. They work for banks and insurance companies. They assess the risk and decide if the loan should be approved.
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4. Commercial Loan Officer
   Average Salary: $111,342
   These officers work with businesses to provide loans. They work for banks and financial institutions. They evaluate the business's financial health and creditworthiness.
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5. Financial Advisor
   Average Salary: $94,650
   Financial advisors help individuals manage their money. They work for investment firms and banks. They create financial plans and offer advice on investments and savings.
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6. Credit Analyst
   Average Salary: $93,465
   Credit analysts review credit applications. They work for banks and credit unions. They assess the risk of lending money to individuals or businesses.
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7. Fraud Analyst
   Average Salary: $86,038
   Fraud analysts look for signs of fraud. They work for banks and financial companies. They review transactions and reports to detect suspicious activities.
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8. Eligibility Consultant
   Average Salary: $85,950
   Eligibility consultants help clients understand their benefits. They work for insurance companies and government agencies. They review applications and determine if clients qualify for certain programs.
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9. Risk Analyst
   Average Salary: $82,778
   Risk analysts assess potential risks. They work for banks and financial institutions. They analyze data to predict and manage financial risks.
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10. Sales Specialist
    Average Salary: $76,798
    Sales specialists sell financial products. They work for banks and investment firms. They build relationships with clients and promote financial services.
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