United States
Job
Loan Administrator

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

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$25.14
/ hour

Avg. Base Hourly Rate (USD)

The average hourly pay for a Loan Administrator is $25.14 in 2025

Hourly Rate
$0 - $25
Total Pay
$49k - $55k
(last updated Apr 16 2021)
Is Average Loan Administrator with Loan Documents Skills 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
80%
Vision
60%

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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