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Average First Merchants loan servicing specialist salary

$35,117yearly

$31.63 hourly rate

Entry-level First Merchants loan servicing specialist salary
$28,000 yearly
Updated April 5, 2024

How much does First Merchants pay loan servicing specialists?

The average salary for First Merchants loan servicing specialists is $35,117 per year. First Merchants loan servicing specialist salaries range between $28,000 to $42,000 per year. First Merchants loan servicing specialists earn 47% less than the national average salary for loan servicing specialists of $65,799.

Location impacts how much a loan servicing specialist at First Merchants can expect to make. Loan servicing specialists at First Merchants make the most in Harrison, NJ, Indianapolis, IN, and Columbus, OH.

How much does First Merchants pay loan servicing specialists by location?

First Merchants pays loan servicing specialists the most in Harrison, NJ, Indianapolis, IN, and Columbus, OH. Additionally, cities like undefined and undefined also report highly competitive salaries for loan servicing specialists at First Merchants.

Loan servicing specialist First Merchants salary by location

RankCityAvg. salaryHourly rate
1Harrison, NJ$36,580$17.59
2Indianapolis, IN$33,105$15.92
3Columbus, OH$31,984$15.38

Highest-paid First Merchants loan servicing specialists by job level

RankJob titleAverage salaryHourly rateJob openings
1Loan Supervisor$43,369$21-
2Mortgage Loan Processor$37,055$18-
3Mortgage Specialist$36,928$18-
4Loan Administrator$36,478$18-
5Mortgage Loan Specialist$36,388$17-
6Loan DOC Specialist$36,176$17-
7Loan Services Representative$35,983$17-
8Consumer Loan Underwriter$35,949$17-
9Loan Closer$35,706$17-
10Loan Interviewer$35,191$17-

Loan servicing specialist salary at First Merchants competitors

RankCompanyAverage salaryHourly rateJob openings
1Fifth Third Bank$115,121$5570
2FNB$111,259$53-
3IBC Bank$107,090$51-
4Salem Five$86,870$42-
5Huntington National Bank$83,428$4071
6Ipayment, Inc.$80,361$39-
7Stifel Financial$77,384$374
8First Horizon Bank$73,107$3556
9Elavon$65,173$31-
10Commerce Bank$53,917$264
11Nova Information Systems$52,553$25-
12First Us Mortgage$52,376$25-
13TransFirst$49,776$24-
14NextGear Capital$48,927$24-
15First Citizens Bank$48,924$245
16Sterling Card Systems$48,920$24-
17Associated Bank$48,808$233
18Old National Bank$37,336$186
19First Midwest Bank$35,409$17-
201st Source Bank$33,193$164

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