Loan Servicing Clerk I Salary in the United States

How much does a Loan Servicing Clerk I make in the United States? The average Loan Servicing Clerk I salary in the United States is $37,598 as of May 01, 2023, but the range typically falls between $32,075 and $42,635. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

Job Description

Performs routine loan servicing administrative tasks. Processes payments, disbursements, changes, and other transactions. Verifies the completeness and accuracy of documents. Performs calculations for distributions. Monitors escrow payments and tracks delinquencies. Researches customer and internal inquiries and delivers a response or solution. Maintains required electronic files and system inputs. Requires a high school diploma or equivalent. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2023 Salary.com)

Take just three simple steps below to generate your own personalized salary report.

Step of 3

Understand the total compensation opportunity for a Loan Servicing Clerk I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
32075
42635
37598

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
32628
44178
38092
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Servicing Clerk I in the United States. The base salary for Loan Servicing Clerk I ranges from $32,075 to $42,635 with the average base salary of $37,598. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $32,628 to $44,178 with the average total cash compensation of $38,092.
Step of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

32075
42635

 

Step of 3

Recalculate your target pay based on your unique skills and experiences

Career Path for this job

  1. This Job:

    Loan Servicing Clerk I

    0 - 1 years experience
    High School Diploma or Tech Certificate

  2. Up a level:

    Loan Servicing Clerk II

    1 - 3 years experience
    High School Diploma or Tech Certificate

Salary for

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst
Job Openings for Loan Servicing Clerk I