▼3%
$16.03
Avg. Base Hourly Rate (USD)
/ hour
Avg. Base Hourly Rate (USD)
10%
$13.22
MEDIAN
$16.03
90%
$23.27
The average hourly pay for a Loan Servicing Representative is $16.03 in 2025
Hourly Rate
$13 - $23
Bonus
$318 - $8k
Total Pay
$29k - $57k
Is Average Loan Servicing Representative with Microsoft Excel Skills Hourly Pay your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
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What is the Pay by Experience Level for Loan Servicing Representatives?
▲12%
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.
Find your market worth – how it works:
Common Health Benefits for a Loan Servicing Representative
Medical
86%
Dental
86%
Vision
64%
None
14%
Gender Breakdown for Loan Servicing Representatives
Female
72.7%
Male
27.3%
This data is based on 11 survey responses. Learn more about the gender pay gap.
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 $23.27 / hour
What is the lowest pay for Loan Servicing Representatives?
Our data indicates that the lowest pay for a Loan Servicing Representative is $13.22 / 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.