How much does a loan servicing specialist make at Wells Fargo?

How much does a loan servicing specialist make at Wells Fargo?

Wells Fargo Salary FAQs The average salary for a Loan Servicing Specialist is $41,145 per year in United States, which is 1% higher than the average Wells Fargo salary of $40,434 per year for this job.

What is the salary for a loan servicing specialist?

Commercial Loan Servicing Specialist Salary

Annual Salary Weekly Pay
Top Earners $58,000 $1,115
75th Percentile $56,000 $1,076
Average $49,573 $953
25th Percentile $43,000 $826

What does a loan servicing specialist do?

A loan servicing specialist is a financial professional who works at a bank or other financial institution that specializes in lending money to individuals and businesses. You are responsible for working with individual clients to make sure that information is complete and accurate.

What is a loan servicing representative?

A loan service representative is an individual who works for a bank, lending, or a mortgage company, and is responsible for interacting with customers who apply for loans. Mortgage loan representatives need a mortgage loan originator license, as well as a background and credit check.

What is a loan processor salary?

Loan officers/loan processor in the United States make an average salary of $50,689 per year or $24.37 per hour. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $105,000. As most things go, location can be critical.

How much do loan servicing managers make?

The average salary for the role of Loan Servicing Manager is in United States is $67,500. This salary is based on 53 salaries submitted by LinkedIn members who have the title “Loan Servicing Manager” in United States.

How much does it cost to service a loan?

A servicing fee, usually 0.25% to 0.5% of the mortgage balance, is a portion of a mortgage payment that’s paid monthly to a mortgage servicer for collecting payments and passing them to the lender.

How does a loan servicing company make money?

Loan servicers are compensated by retaining a relatively small percentage of each periodic loan payment, known as the servicing fee or servicing strip. This is usually 0.25% to 0.5% of the periodic payment.

What does a loan operations representative do?

The Loan Operation Representative will be primarily responsible for the data entry of loan operation activity while providing customer service. The representative will work closely with other financial institutions regarding loan participation including calculating and preparing remittances and remittance requests.

What is customer service representative job description?

Customer Service Representative Job Responsibilities: Serves customers by providing product and service information and resolving product and service problems. Attracts potential customers by answering product and service questions and suggesting information about other products and services.

Is loan processor a good career?

Is Loan Processor a Good Job? This rate is higher than the national average for all careers combined, making loan processor careers an excellent option for those interested in the finance field.