United States
Job
Loan Administrator

Average Loan Administrator Hourly Pay at Bank of America Corp. (BOFA)

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$25.63
/ hour

Avg. Base Hourly Rate (USD)

The average hourly pay for a Loan Administrator is $25.63 in 2025

Hourly Rate
$0 - $26
Bonus
$0 - $2k
Total Pay
$50k - $56k
Based on 6 salary profiles (last updated Apr 16 2021)
Is Average Loan Administrator Hourly Pay at Bank of America Corp. (BOFA) your job title? Find out what you should be paid
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What Do Loan Administrators Do?

Loan Administrator Tasks
  • Assess loan applications and credit reports.
  • Maintain legal documentation and ensure accuracy.
  • Develop and negotiate plans with borrowers.
  • Answer questions and interview applicants.
Find your market worth – how it works:

Common Health Benefits for a Loan Administrator

Medical
100%
Dental
83%
Vision
50%

Gender Breakdown for Loan Administrators

Male
75.0%
Female
25.0%
This data is based on 4 survey responses. Learn more about the gender pay gap.
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FAQs About Loan Administrators

What is the highest pay for Loan Administrators?

Our data indicates that the highest pay for a Loan Administrator is $NaN / hour

What is the lowest pay for Loan Administrators?

Our data indicates that the lowest pay for a Loan Administrator is $NaN / hour

How can Loan Administrators increase their salary?

Increasing your pay as a Loan Administrator is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Administrator that oversees more junior Loan Administrators, this experience can increase the likelihood to earn more.

WHAT AM I WORTH?
What your skills are worth in the job market is constantly changing.
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