Loan servicing specialist demographics and statistics in the US
Loan servicing specialist demographics research summary. Zippia estimates loan servicing specialist demographics and statistics in the United States by using a database of 30 million profiles. Our loan servicing specialist estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about loan servicing specialists after extensive research and analysis:
- There are over 158,395 loan servicing specialists currently employed in the United States.
- 67.8% of all loan servicing specialists are women, while 32.2% are men.
- The average loan servicing specialist age is 41 years old.
- The most common ethnicity of loan servicing specialists is White (60.7%), followed by Hispanic or Latino (14.4%), Black or African American (11.8%) and Asian (8.2%).
- In 2022, women earned 92% of what men earned.
- 7% of all loan servicing specialists are LGBT.
- Loan servicing specialists are 60% more likely to work at private companies in comparison to public companies.
On this page
Loan servicing specialist demographics by:
Loan servicing specialist gender statistics
67.8% of loan servicing specialists are women and 32.2% of loan servicing specialists are men.
- Female, 67.8%
- Male, 32.2%
Loan servicing specialist gender ratio
| Gender | Percentages |
|---|---|
| Female | 67.8% |
| Male | 32.2% |
Loan servicing specialist gender pay gap
Women earn 92¢ for every $1 earned by men
Male income
$68,671
Female income
$63,250
Loan servicing specialist gender ratio over time
This data breaks down the percentage of men and women in loan servicing specialist positions over time. Currently, 67.8% of loan servicing specialists are female.
Loan servicing specialist gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 23.10% | 76.90% |
| 2011 | 26.59% | 73.41% |
| 2012 | 25.85% | 74.15% |
| 2013 | 27.77% | 72.23% |
| 2014 | 25.92% | 74.08% |
| 2015 | 28.23% | 71.77% |
| 2016 | 29.97% | 70.03% |
| 2017 | 32.30% | 67.70% |
| 2018 | 32.21% | 67.79% |
| 2019 | 29.78% | 70.22% |
| 2020 | 31.28% | 68.72% |
| 2021 | 32.18% | 67.82% |
Loan servicing specialist related jobs gender ratio
We compared loan servicing specialists with similar job titles to see how gender ratios vary. As you can see, technical service advisor and courtesy associate have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Loan Secretary | 4% | 96% |
| Dental Receptionist | 5% | 95% |
| Receptionist Secretary | 6% | 94% |
| Loan Servicing Specialist | 32% | 68% |
| Lead Ramp Agent | 86% | 14% |
| Courtesy Associate | 88% | 12% |
| Technical Service Advisor | 89% | 11% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Loan servicing specialist demographics by race
The most common ethnicity among loan servicing specialists is White, which makes up 60.7% of all loan servicing specialists. Comparatively, 14.4% of loan servicing specialists are Hispanic or Latino and 11.8% of loan servicing specialists are Black or African American.
- White, 60.7%
- Hispanic or Latino, 14.4%
- Black or African American, 11.8%
- Asian, 8.2%
- Unknown, 4.4%
- American Indian and Alaska Native, 0.5%
Loan servicing specialist race
| Loan servicing specialist race | Percentages |
|---|---|
| White | 60.7% |
| Hispanic or Latino | 14.4% |
| Black or African American | 11.8% |
| Asian | 8.2% |
| Unknown | 4.4% |
| American Indian and Alaska Native | 0.5% |
Loan servicing specialist race and ethnicity over time
See how loan servicing specialist racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Loan servicing specialist race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 64.78% | 10.88% | 7.68% | 14.16% |
| 2011 | 64.22% | 10.96% | 7.80% | 14.11% |
| 2012 | 65.74% | 11.93% | 6.73% | 13.06% |
| 2013 | 62.80% | 13.68% | 7.98% | 12.94% |
| 2014 | 63.24% | 10.45% | 8.09% | 15.58% |
| 2015 | 65.29% | 11.85% | 8.22% | 11.92% |
| 2016 | 66.78% | 9.96% | 7.32% | 13.56% |
| 2017 | 63.98% | 11.07% | 7.91% | 14.77% |
| 2018 | 65.53% | 10.70% | 8.46% | 12.51% |
| 2019 | 67.80% | 7.19% | 6.88% | 15.36% |
| 2020 | 64.38% | 9.68% | 8.64% | 13.11% |
| 2021 | 60.70% | 11.78% | 8.25% | 14.42% |
Loan servicing specialist wage gap by race
According to our data, hispanic or latino loan servicing specialists have the highest average salary compared to other ethnicities. Black or african american loan servicing specialists have the lowest average salary at $56,245.
| Ethnicity | Salary |
|---|---|
| Unknown | $72,576 |
| White | $69,689 |
| Black or African American | $56,245 |
| Asian | $71,780 |
| Hispanic or Latino | $74,783 |
Average loan servicing specialist age
See how the average age of loan servicing specialists varies based on ethnicity and gender.
Male
Female
Loan servicing specialist age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 32 | 43 |
| White | 34 | 43.5 |
| Black or African American | 38 | 38 |
| Asian | 41 | 45.5 |
| Hispanic or Latino | 39 | 38.5 |
Loan servicing specialist age breakdown
The average age of loan servicing specialists is 40+ years years old, representing 54% of the loan servicing specialist population.
Loan servicing specialist age breakdown
| Loan Servicing Specialist Years | Percentages |
|---|---|
| 40+ years | 54% |
| 30-40 years | 28% |
| 20-30 years | 18% |
Loan servicing specialist educational attainment
The most common degree for loan servicing specialists is bachelor's degree, with 55% of loan servicing specialists earning that degree. The second and third most common degree levels are associate degree degree at 23% and associate degree degree at 12%.
- Bachelor's, 55%
- Associate, 23%
- High School Diploma, 12%
- Master's, 4%
- Other Degrees, 6%
Loan servicing specialists by degree level
| Loan servicing specialist degree | Percentages |
|---|---|
| Bachelor's | 55% |
| Associate | 23% |
| High School Diploma | 12% |
| Master's | 4% |
| Other Degrees | 6% |
Loan servicing specialist jobs you might like
Loan servicing specialist wage gap by degree level
According to the data, loan servicing specialists with a Bachelor's degree earn more than those without, at $79,963 annually. With a High School Diploma degree, loan servicing specialists earn a median annual income of $66,260 compared to $65,337 for loan servicing specialists with an Associate degree.
| Education | Salary |
|---|---|
| High School Diploma or Less | $66,260 |
| Bachelor's Degree | $79,963 |
| Some College/ Associate Degree | $65,337 |
Loan servicing specialist employment statistics
Most loan servicing specialists work for a private in the finance industry.
Company size where loan servicing specialists work
Below, you can see the size of companies where loan servicing specialists work.
Loan servicing specialist jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 4% |
| 50 - 100 employees | 13% |
| 100 - 500 employees | 26% |
| 500 - 1,000 employees | 13% |
| 1,000 - 10,000 employees | 28% |
| > 10,000 employees | 16% |
Loan servicing specialist jobs by company type
Employees with the loan servicing specialist job title have their preferences when it comes to working for a company. For instance, most loan servicing specialists prefer to work at private companies over public companies.
Loan servicing specialist jobs by sector
| Company type | Percentages |
|---|---|
| Education | 1% |
| Public | 39% |
| Private | 60% |
| Government | 0% |
Loan servicing specialist jobs by industry
The most common industries for loan servicing specialists are finance, professional and technology.
Loan servicing specialist industry statistics
| Industry | Percentages |
|---|---|
| Finance | 67% |
| Fortune 500 | 9% |
| Professional | 7% |
| Non Profits | 2% |
| Real Estate | 2% |
| Technology | 2% |
| Retail | 1% |
| Transportation | 1% |
| Insurance | 1% |
| Media | 1% |
| Energy | 1% |
| Internet | 1% |
| Health Care | 1% |
| Construction | 1% |
| Education | 1% |
| Hospitality | 1% |
| Manufacturing | 1% |
| Start-up | 1% |
Loan servicing specialist turnover and employment statistics
Loan servicing specialist unemployment rate over time
The unemployment rate for loan servicing specialists between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Loan servicing specialist unemployment rate by year
| Year | Loan servicing specialist unemployment rate |
|---|---|
| 2010 | 11.22% |
| 2011 | 9.54% |
| 2012 | 6.27% |
| 2013 | 5.49% |
| 2014 | 7.20% |
| 2015 | 3.15% |
| 2016 | 3.20% |
| 2017 | 2.30% |
| 2018 | 2.81% |
| 2019 | 2.16% |
| 2020 | 2.86% |
| 2021 | 2.21% |
Average loan servicing specialist tenure
The average loan servicing specialist stays at their job for 1-2 years, based on the 8,161 loan servicing specialists resumes in Zippia's database.
Loan servicing specialist tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 27% |
| 1-2 years | 37% |
| 3-4 years | 12% |
| 5-7 years | 13% |
| 8-10 years | 6% |
| 11+ years | 5% |
Loan servicing specialist LGBT ratio compared to similar jobs
Review the percent of loan servicing specialists that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Social Security Benefits Interviewer | 6.73% | 97,464 |
| Loan Servicing Specialist | 6.78% | - |
| Underwriting Service Representative | 7.19% | 112,289 |
| Microfilmer | 8.60% | 118 |
| Charge Authorizer | 8.99% | 8,729 |
| Bookmobile Driver | 11.16% | 43,043 |
| Human Resources Technician | 15.31% | 39,846 |
Similar loan servicing specialist jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Social Security Benefits Interviewer | 6.73% | 97,464 |
| Underwriting Service Representative | 7.19% | 112,289 |
| Microfilmer | 8.60% | 118 |
| Charge Authorizer | 8.99% | 8,729 |
| Bookmobile Driver | 11.16% | 43,043 |
| Human Resources Technician | 15.31% | 39,846 |
Foreign languages spoken by loan servicing specialists
The most common foreign language among loan servicing specialists is Spanish at 63.4%. The second-most popular foreign language spoken is Hmong at 5.4% and French is the third-most popular at 4.9%.
- Spanish, 63.4%
- Hmong, 5.4%
- French, 4.9%
- Chinese, 2.9%
- Japanese, 2.9%
- Other, 20.5%
Loan servicing specialist languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 63.4% |
| Hmong | 5.4% |
| French | 4.9% |
| Chinese | 2.9% |
| Japanese | 2.9% |
| Other | 20.5% |
