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Loan Administrator in Rockford, IL

Loan Administrator Job Description

For this role, firms look for candidates with three years of experience and a high school diploma or equivalent. Strong customer service skills, in-depth knowledge of Microsoft Excel and Word, and familiarity with financial statements and compliance documents are preferred. Candidates should also be organized and comfortable working in a fast-paced environment.

Typical loan administrator duties:

Interacting with customersAssisting the credit administration and loan administration staffGenerating documentation for loan processing and various reports for managementAssisting with other administrative tasks as needed

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Salary for Loan Administrator in Rockford, IL
29580 - 42630
Low
29580
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
34365
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
42630
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Director of Operations – Financial Services 114188 140723 165735 Operations Manager - Financial Services 77648 96788 115058 Client Service Representative 48938 71123 90698 Mortgage Underwriter 53288 66338 87653 Mortgage Processor 28710 36105 48938 Loan Processor 34800 41108 51548 Performance Analyst 51765 63510 78518 Trader/Sales Assistant 45893 56550 67208

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.