Loan Coordinator Salary in the United States

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Colorful vivid picture of apartment purchase concept with inscription deposit as initial payment for loan agreement
Credit: pexels.com, Colorful vivid picture of apartment purchase concept with inscription deposit as initial payment for loan agreement

The loan coordinator salary in the United States can vary depending on factors such as location and industry. On average, loan coordinators can expect to earn around $45,000 to $60,000 per year.

Loan coordinators in the banking industry tend to earn higher salaries, with median salaries ranging from $55,000 to $75,000 per year. In contrast, loan coordinators in non-profit organizations may earn lower salaries, often between $35,000 to $50,000 per year.

In terms of experience, loan coordinators with 5-10 years of experience can expect to earn higher salaries, often up to $80,000 per year.

Salary for [Position]

The average loan coordinator salary in the United States is $39,836, with salaries ranging from $30,000 to $51,000 yearly.

Loan coordinators earn an average hourly rate of $19.15 per hour, which can vary depending on factors like location, education, and experience.

In the United States, loan coordinators earn the highest average salary in West Virginia.

Credit: youtube.com, Commission versus Salaried Loan Officer

Here are some recent loan coordinator salaries from various companies:

The highest pay for a loan coordinator is $78,728, while the lowest pay is $30,000.

Highest Paying Locations

If you're looking to maximize your earnings as a loan coordinator, it's essential to consider the highest paying locations. According to the data, West Virginia tops the list as the highest paying state with an average salary of $52,646.

In terms of cities, Raleigh, NC takes the lead with an average salary of $52,508, followed closely by Santa Cruz, CA at $47,750. These cities offer significantly higher salaries compared to other locations.

Here's a breakdown of the top 5 highest paying states and cities for loan coordinators:

Highest Paying States

If you're a loan coordinator looking to boost your salary, you'll want to consider working in certain states. According to the data, the highest paying states for loan coordinators are West Virginia, Maryland, and North Carolina, with average salaries ranging from $51,778 to $51,939.

Credit: youtube.com, Cities in the US: Highest salaries, most expensive, and highest salary to cost ratio

These states offer a significant advantage over others, with West Virginia taking the top spot. In fact, West Virginia loan coordinators earn an average of $52,646 per year. That's a substantial amount of money, and it's no wonder why many loan coordinators are drawn to the state.

Here's a breakdown of the top 5 highest paying states for loan coordinators:

As you can see, West Virginia is the clear winner when it comes to highest paying states for loan coordinators. If you're looking to increase your salary, it's definitely worth considering a move to the Mountain State.

Highest Paying Cities

If you're a loan coordinator looking to maximize your earning potential, you'll want to know which cities offer the highest salaries. The top-paying cities for loan coordinators are Raleigh, NC, Santa Cruz, CA, and Chandler, AZ, where the average salaries are $52,508, $47,750, and $46,991 respectively.

Raleigh, NC, takes the top spot with an average salary of $52,508, followed closely by Santa Cruz, CA, with an average salary of $47,750. Chandler, AZ, rounds out the top three with an average salary of $46,991.

Here's a breakdown of the top 5 highest-paying cities for loan coordinators:

Keep in mind that salaries can vary depending on factors like experience and industry, but these cities offer some of the highest average salaries for loan coordinators.

Highest Paying Jobs

Credit: youtube.com, Top 20 Highest Paying Jobs In America

If you're looking to make a good income as a loan coordinator, there are some high-paying jobs to consider. Loan servicing specialist, loan officer, and mortgage loan processor are the highest paying types of loan coordinators.

The loan officer role stands out, with an annual salary of $45,817 and a monthly salary of $3,818. This job also has the most job openings, with 63,663 available positions.

The mortgage loan processor role is another high-paying option, with an annual salary of $43,594 and a monthly salary of $3,633. This job also has a relatively high hourly rate of $20.96.

Here are some of the highest paying loan coordinator jobs, listed with their annual salaries and job openings:

Loan servicing specialist and loan services representative are also high-paying options, but with fewer job openings.

Tommie Larkin

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Tommie Larkin is a seasoned Assigning Editor with a passion for curating high-quality content. With a keen eye for detail and a knack for spotting emerging trends, Tommie has built a reputation for commissioning insightful articles that captivate readers. Tommie's expertise spans a range of topics, from the cutting-edge world of cryptocurrency to the latest innovations in technology.

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