How much does a Loan Servicing Specialist make?
A Loan Servicing Specialist plays a key role in managing mortgage payments and ensuring borrowers stay on track. This job offers a stable income with a good average yearly salary. The average salary for a Loan Servicing Specialist is around $55,174. This means that, on average, someone in this role can expect to earn this amount each year.
The salary for Loan Servicing Specialists can vary based on experience and location. Here are some common salary ranges:
- The lowest 10% earn about $35,180.
- The next 20% earn between $35,180 and $48,784.
- The middle 20% earn between $48,784 and $55,585.
- The next 20% earn between $55,585 and $69,189.
- The highest 10% earn over $89,595.
What are the highest paying cities for a Loan Servicing Specialist?

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Tampa, FL
Average Salary: $67,717
In Tampa, loan servicing specialists work with major financial institutions. They handle mortgage payments and customer inquiries. The warm climate makes for a pleasant work environment.
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Dallas, TX
Average Salary: $65,738
Dallas offers a dynamic job market for loan servicing specialists. They work with companies like Chase and Bank of America. The city's growth provides many opportunities for career advancement.
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Charlotte, NC
Average Salary: $63,145
Charlotte is known as a banking hub. Loan servicing specialists here manage loans for large banks. The city offers a mix of urban and suburban living, making it a great place to work and live.
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Denver, CO
Average Salary: $62,596
In Denver, loan servicing specialists enjoy a healthy work-life balance. They work with companies like U.S. Bank and Wells Fargo. The scenic beauty of the Rockies adds to the appeal of working here.
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Chicago, IL
Average Salary: $61,843
Chicago's financial sector offers many jobs for loan servicing specialists. They work with big names like JPMorgan Chase. The city's vibrant culture and public transportation make it an attractive place to work.
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Minneapolis, MN
Average Salary: $61,388
Minneapolis provides a strong job market for loan servicing specialists. They work with companies like U.S. Bank and Fifth Third Bank. The city's parks and lakes offer a great outdoor lifestyle.
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Los Angeles, CA
Average Salary: $57,867
In Los Angeles, loan servicing specialists handle loans for major financial firms. They work with companies like Bank of America and Chase. The city's diverse culture and entertainment options make it an exciting place to live and work.
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Sacramento, CA
Average Salary: $57,660
Sacramento offers a balanced job market for loan servicing specialists. They work with local and national banks. The city's affordable cost of living and beautiful parks make it a great place to work and relax.
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San Diego, CA
Average Salary: $55,967
San Diego provides a pleasant environment for loan servicing specialists. They work with companies like Wells Fargo and U.S. Bank. The city's beaches and mild climate make it a desirable place to work and live.
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Fresno, CA
Average Salary: $54,969
In Fresno, loan servicing specialists work with local and national banks. They handle mortgage and loan payments. The city's affordable living and agricultural industry provide a unique work environment.
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What are the best companies a Loan Servicing Specialist can work for?

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Citi
Average Salary: $82,128
Citi offers Loan Servicing Specialist jobs with a focus on managing mortgage and loan accounts. Citi operates globally, with major offices in New York, London, and Hong Kong.
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Glacier Bancorp
Average Salary: $60,784
Glacier Bancorp provides Loan Servicing Specialist roles that involve handling customer accounts and ensuring compliance. The company operates in the western United States, with locations in Washington, Oregon, and California.
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US Farm Service Agency
Average Salary: $59,559
The US Farm Service Agency offers Loan Servicing Specialist jobs that focus on agricultural loans. This federal agency operates nationwide, with offices in every state.
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Wintrust Financial Corporation
Average Salary: $57,571
Wintrust Financial Corporation provides Loan Servicing Specialist positions that manage mortgage and loan accounts. The company operates in the Midwest, with a strong presence in Illinois and Florida.
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Golden 1 Credit Union
Average Salary: $53,828
Golden 1 Credit Union offers Loan Servicing Specialist jobs that involve customer service and account management. The credit union operates in California, with branches throughout the state.
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TEKsystems
Average Salary: $53,554
TEKsystems provides Loan Servicing Specialist roles that focus on technology and process improvement. The company operates in various locations across the United States.
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Ballston Spa National Bank
Average Salary: $53,000
Ballston Spa National Bank offers Loan Servicing Specialist jobs that involve managing loans and customer accounts. The bank operates in New York, with branches in the Capital Region.
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East West Bank
Average Salary: $50,273
East West Bank provides Loan Servicing Specialist roles that focus on customer service and account management. The bank operates in California, with branches in major cities.
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Robert Half
Average Salary: $46,831
Robert Half offers Loan Servicing Specialist jobs that involve managing loans and customer accounts. The company operates in various locations across the United States.
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Regions Financial
Average Salary: $40,031
Regions Financial provides Loan Servicing Specialist roles that focus on customer service and account management. The company operates in the southeastern United States, with branches in multiple states.
How to earn more as a Loan Servicing Specialist?
A Loan Servicing Specialist can find several ways to increase their earnings. This role involves managing mortgage payments and ensuring borrowers meet their obligations. By focusing on key areas, specialists can enhance their performance and potentially earn more.
First, gaining certifications can boost earning potential. Certifications such as the Certified Residential Mortgage Specialist (CRMS) or the Certified Mortgage Servicing Professional (CMSP) can make a specialist more valuable. These credentials show a commitment to the field and a deeper understanding of mortgage servicing.
Second, improving customer service skills can lead to higher earnings. Excellent communication and problem-solving skills can help specialists resolve issues quickly and keep customers satisfied. Happy customers are more likely to stay with the company, leading to better job security and potential raises.
- Certifications: Obtain certifications like CRMS or CMSP to increase value.
- Customer Service: Enhance skills to resolve issues and keep customers satisfied.
- Technology Skills: Learn new software and tools to work more efficiently.
- Networking: Connect with other professionals to learn about job opportunities.
- Continuous Learning: Stay updated with industry trends and best practices.



