What are the main factors that influence a Loan Servicing Representative's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Loan Servicing Representative's salary?

A Loan Servicing Representative's salary grows with experience: a Loan Servicing Representative (0-1 years)earns $42,991, a Loan Servicing Clerk II (1-3 years)earns $47,894, a Loan Servicing Clerk III (3-5 years)earns $53,205, a Loan Servicing Supervisor (5+ years)earns $65,391, a Loan Servicing Manager (5+ years)earns $99,199,

What are the highest paying states for a Loan Servicing Representative?

Loan Servicing Representative salary varies significantly by state. The top 3 highest paying states for Loan Servicing Representative roles are District of Columbia $46,736, California $46,559, Massachusetts $45,939. These tech hubs typically pay 10-15% above the national average.

How much do different types of Loan Servicing Representative roles make?

Salaries for Loan Servicing Representative level roles vary by specialization: Loan Servicing Manager: $96,346; Loan Servicing Supervisor: $63,510; Loan Servicing Analyst: $53,170; Loan Servicing Representative III - Consumer Loans: $51,700; Loan Servicing Clerk III: $51,675.

Loan Servicing Representative Salary in Delaware

How much does a Loan Servicing Representative make in Delaware?

As of May 18, 2021, the average salary for a Loan Servicing Representative in Delaware is $42,845 per year, which breaks down to an hourly rate of $21.

However, a Loan Servicing Representative's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $48,827
Majority Range (25th-75th percentile): $39,554 to $45,976
Entry-Level (10th percentile): $36,558

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Loan Servicing Representative Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$45,976	$3,831	$884	$22
Average	$42,845	$3,570	$824	$21
25th Percentile	$39,554	$3,296	$761	$19

You may get higher pay by adjusting the following factors:

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Check out Loan Servicing Representative Job Openings in Delaware

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Wilmington Savings Fund Society - Wilmington, DE

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Regional Finance Company of California LLC - TEMECULA, CA

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Sun Loan Company - LUBBOCK, TX

Retention Representative

DISH - CHANDLER, AZ

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Key Factors That Influence Loan Servicing Representative Salaries

A Loan Servicing Representative's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Loan Servicing Representative Salaries?

Experience is a primary driver of a Loan Servicing Representative's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

Entry-Level (less than 1 year): $42,991
Early Career (1-2 years): $47,894
Mid-Level (2-4 years): $53,205
Senior-Level (5-8 years): $65,391
Expert (over 8 years): $99,199

Levels	Salary
Loan Serv... Level Loan Servicing Representative	$42,991
Loan Serv... Level Loan Servicing Representative	$47,894
Loan Serv... Level Loan Servicing Representative	$53,205
Loan Serv... Level Loan Servicing Representative	$65,391
Loan Serv... Level Loan Servicing Representative	$99,199

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What Am I Worth?

How Do Loan Servicing Representative Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Servicing Representatives. For example, consider the average annual salaries in these key locations:

District of Columbia: $46,736.
California: $46,559.
Massachusetts: $45,939.

District of Columbia $46,736 California $46,559 Massachusetts $45,939 Washington $45,770 New Jersey $45,753 Alaska $45,694 Connecticut $45,111 New York $44,875

Hawaii $44,119 Rhode Island $43,765 Maryland $43,524 Minnesota $43,195 Colorado $43,068 Illinois $43,026 Oregon $42,866 Delaware $42,747

New Hampshire $42,673 Virginia $42,507 Pennsylvania $42,021 Nevada $41,777 North Dakota $41,696 Michigan $41,570 Wisconsin $41,523 Vermont $41,430

Texas $41,173 Maine $41,156 Arizona $41,131 Ohio $41,101 Georgia $40,713 Indiana $40,519 Wyoming $40,481 Utah $40,422

Iowa $40,396 Kansas $40,194 Louisiana $40,135 North Carolina $40,113 Missouri $40,105 Florida $39,940 Montana $39,852 Nebraska $39,767

Kentucky $39,721 South Carolina $39,552 Tennessee $39,447 Idaho $39,404 New Mexico $39,096 Oklahoma $39,029 Alabama $38,780 South Dakota $38,362

Arkansas $38,134 West Virginia $38,011 Mississippi $37,644

Top Paying Cities for Loan Servicing Representatives

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Lincoln: $44,242
Little Creek: $43,832
Magnolia: $44,014

Lincoln, DE $44,242 Little Creek, DE $43,832 Magnolia, DE $44,014 Milford, DE $44,242 Marydel, DE $43,668 Millsboro, DE $44,242 Millville, DE $44,537 Milton, DE $44,242

Nassau, DE $44,242 Ocean View, DE $44,537 Rehoboth Beach, DE $44,537 Seaford, DE $43,777 Selbyville, DE $44,537 Smyrna, DE $43,617 Viola, DE $44,014 Woodside, DE $43,887

Bear, DE $43,296 Newark, DE $43,313 Claymont, DE $43,347 Delaware City, DE $43,313 Hockessin, DE $43,347 Kirkwood, DE $43,313 Middletown, DE $43,528 Montchanin, DE $43,347

New Castle, DE $43,347 Odessa, DE $43,587 Port Penn, DE $43,195 Rockland, DE $43,347 Saint Georges, DE $43,313 Townsend, DE $43,524 Winterthur, DE $43,347 Lewes, DE $44,242

Wilmington, DE $43,347 Dover, DE $43,811 Dover Afb, DE $43,912 Bethany Beach, DE $44,537 Bethel, DE $43,777 Bridgeville, DE $44,242 Camden Wyoming, DE $43,858 Cheswold, DE $43,710

Clayton, DE $43,600 Dagsboro, DE $44,537 Delmar, DE $43,777 Ellendale, DE $44,242 Felton, DE $44,242 Fenwick Island, DE $44,537 Frankford, DE $44,537 Frederica, DE $44,242

Georgetown, DE $44,242 Greenwood, DE $44,242 Harbeson, DE $44,242 Harrington, DE $44,242 Hartly, DE $43,579 Houston, DE $44,242 Kenton, DE $43,600 Laurel, DE $43,777

Yorklyn, DE $43,347

Loan Servicing Representative Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Servicing Representative's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on May 18, 2021

$39,554

Average $42,845/year

$45,976

$3,296

Average $3,570/month

$3,831

$761

Average $824/week

$884

$19

Average $21/hour

$22

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$45,976	$3,831	$884	$22
Average	$42,845	$3,570	$824	$21
25th Percentile	$39,554	$3,296	$761	$19

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