Loan Administrator

Loan Administrator Job Description

For this role, firms look for candidates with three years of experience and a high school diploma or equivalent. Strong customer service skills, in-depth knowledge of Microsoft Excel and Word, and familiarity with financial statements and compliance documents are preferred. Candidates should also be organized and comfortable working in a fast-paced environment.

Typical loan administrator duties:

Interacting with customers

Assisting the credit administration and loan administration staff

Generating documentation for loan processing and various reports for management

Assisting with other administrative tasks as needed

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Salary for Loan Administrator

33250 - 46500

25th percentile

33250

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

38500

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

46500

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Director of Operations – Financial Services

129000

158250

185750