Average Loan Servicing Representative Hourly Pay

$19.09
Avg. Base Hourly Rate (USD)
10%
$14.24
MEDIAN
$19.09
90%
$24.32

The average hourly pay for a Loan Servicing Representative is $19.09 in 2025

Hourly Rate
$14 - $24
Bonus
$538 - $8k
Profit Sharing
$0 - $2k
Total Pay
$31k - $57k
Is Average Loan Servicing Representative Hourly Pay your job title? Find out what you should be paid
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What Do Loan Servicing Representatives Do?

Loan Servicing Representative Tasks
  • Document client interactions and accurately capture data using company loan processing systems.
  • Ensure compliance with all federal and local rules, laws, and regulations.
  • Ensure loan guidelines are followed and loans are underwritten properly in accordance with all company procedures.
  • Educate clients and assist them through the loan process.
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FAQs About Loan Servicing Representatives

What is the highest pay for Loan Servicing Representatives?

Our data indicates that the highest pay for a Loan Servicing Representative is $24.32 / hour

What is the lowest pay for Loan Servicing Representatives?

Our data indicates that the lowest pay for a Loan Servicing Representative is $14.24 / hour

How can Loan Servicing Representatives increase their salary?

Increasing your pay as a Loan Servicing Representative 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 Servicing Representative that oversees more junior Loan Servicing Representatives, this experience can increase the likelihood to earn more.