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Job outlook for loan servicing specialists in the United States
Loan servicing specialist job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected loan servicing specialist job growth rate is -3% from 2018-2028.
About -38,500 new jobs for loan servicing specialists are projected over the next decade.
Loan servicing specialist salaries have increased 7% for loan servicing specialists in the last 5 years.
There are over 158,395 loan servicing specialists currently employed in the United States.
There are 31,753 active loan servicing specialist job openings in the US.
The average loan servicing specialist salary is $65,799.
Are loan servicing specialist jobs in demand?
Yes, loan servicing specialist jobs are in demand. Loan servicing specialist demand is projected to grow -3% from 2018 to 2028.
Loan servicing specialist job and salary trends over time
Compare the number of loan servicing specialist jobs and the average loan servicing specialist salary over time.
Loan servicing specialist jobs over time
Loan servicing specialist job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 158,395 | 0.05% |
| 2020 | 135,775 | 0.04% |
| 2019 | 138,607 | 0.04% |
| 2018 | 147,578 | 0.04% |
| 2017 | 150,697 | 0.05% |
Average loan servicing specialist salary over time
Loan servicing specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $65,799 | $31.63 | +1.8% |
| 2024 | $64,638 | $31.08 | +1.9% |
| 2023 | $63,445 | $30.50 | +2.1% |
| 2022 | $62,125 | $29.87 | +1.1% |
| 2021 | $61,441 | $29.54 | +2.4% |
Loan servicing specialist jobs by state
The map below shows you the number of loan servicing specialist job openings in each state. The darker areas on the map show where loan servicing specialists earn the highest salaries across all 50 states.
Average salary: Job openings:
Most common states for loan servicing specialists
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 92 | 13% |
| 2 | Iowa | 3,145,711 | 369 | 12% |
| 3 | Delaware | 961,939 | 118 | 12% |
| 4 | South Dakota | 869,666 | 93 | 11% |
| 5 | North Dakota | 755,393 | 83 | 11% |
| 6 | Alaska | 739,795 | 81 | 11% |
| 7 | Vermont | 623,657 | 67 | 11% |
| 8 | Wyoming | 579,315 | 63 | 11% |
| 9 | Minnesota | 5,576,606 | 559 | 10% |
| 10 | Nebraska | 1,920,076 | 188 | 10% |
| 11 | Rhode Island | 1,059,639 | 109 | 10% |
| 12 | Arizona | 7,016,270 | 646 | 9% |
| 13 | Utah | 3,101,833 | 291 | 9% |
| 14 | Montana | 1,050,493 | 98 | 9% |
| 15 | Florida | 20,984,400 | 1,640 | 8% |
| 16 | North Carolina | 10,273,419 | 802 | 8% |
| 17 | Virginia | 8,470,020 | 689 | 8% |
| 18 | Indiana | 6,666,818 | 528 | 8% |
| 19 | Maryland | 6,052,177 | 478 | 8% |
| 20 | Missouri | 6,113,532 | 462 | 8% |
Most common cities for loan servicing specialists
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Duluth | 1 | 3% | $176,627 |
| 2 | Goleta | 1 | 3% | $80,148 |
| 3 | Goshen | 1 | 3% | $95,571 |
| 4 | Newark | 1 | 3% | $137,068 |
| 5 | El Monte | 2 | 2% | $82,533 |
| 6 | Apple Valley | 1 | 2% | $58,635 |
| 7 | Bethesda | 1 | 2% | $166,180 |
| 8 | Midland | 1 | 2% | $81,948 |
| 9 | Hoover | 1 | 1% | $157,576 |
| 10 | Mobile | 1 | 1% | $155,208 |
| 11 | Los Angeles | 3 | 0% | $82,343 |
| 12 | San Diego | 2 | 0% | $84,966 |
| 13 | Colorado Springs | 1 | 0% | $81,345 |
| 14 | Houston | 1 | 0% | $151,611 |
| 15 | Jacksonville | 1 | 0% | $163,198 |
| 16 | Jersey City | 1 | 0% | $131,204 |