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Mortgage service specialist salary
Average mortgage service specialist salary
$16.79
Understanding the Mortgage Service Specialist Salary
The role of a Mortgage Service Specialist is vital in the real estate and lending industries, focusing on managing customer accounts, processing loans, and ensuring compliance with regulations. The average salary for this position is $34,920 per year, or $17 per hour. This figure can vary significantly based on factors such as geographic location, years of experience, and the employer's size.
Salary by State
Different states offer varying salaries for Mortgage Service Specialists. For instance, states with a higher cost of living, such as California and New York, typically provide more competitive salaries. Conversely, states like Arkansas or Mississippi may offer lower salary ranges. Understanding these disparities can help job seekers target their applications effectively.
Experience Levels
Entry-level specialists can expect to earn around $28,000, while those with several years of experience can make upwards of $40,000 annually. Senior positions often involve additional responsibilities and can lead to even higher earnings.
For those interested in pursuing this career, monitoring job postings and salary trends on platforms like Zippia is essential for making informed decisions.
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Where can a Mortgage Service Specialist earn more?
Mortgage service specialist salaries by experience level
Average mortgage service specialist salary by state
The average mortgage service specialist salary in California, West Virginia, and New York are the highest in the U.S. The lowest average mortgage service specialist salary states are Texas, Missouri, and South Carolina.
- State view
- County view
Highest paying states for mortgage service specialists
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Colorado | $40,302 | $19.38 |
| 2 | Rhode Island | $36,908 | $17.74 |
| 3 | Vermont | $36,944 | $17.76 |
| 4 | West Virginia | $41,721 | $20.06 |
| 5 | North Dakota | $34,478 | $16.58 |
| 6 | Alaska | $37,373 | $17.97 |
| 7 | New York | $41,480 | $19.94 |
| 8 | Massachusetts | $41,075 | $19.75 |
| 9 | Kansas | $36,230 | $17.42 |
| 10 | Delaware | $35,534 | $17.08 |
| 11 | Arkansas | $35,881 | $17.25 |
| 12 | Kentucky | $36,296 | $17.45 |
| 13 | Oregon | $37,073 | $17.82 |
| 14 | Iowa | $33,724 | $16.21 |
| 15 | California | $42,688 | $20.52 |
| 16 | Washington | $38,084 | $18.31 |
| 17 | Illinois | $36,816 | $17.70 |
| 18 | Hawaii | $36,677 | $17.63 |
| 19 | Wyoming | $33,334 | $16.03 |
| 20 | New Jersey | $39,503 | $18.99 |
| 21 | Arizona | $33,521 | $16.12 |
| 22 | Indiana | $34,315 | $16.50 |
| 23 | Wisconsin | $35,321 | $16.98 |
| 24 | South Dakota | $32,103 | $15.43 |
| 25 | New Hampshire | $35,497 | $17.07 |
| 26 | Maine | $33,138 | $15.93 |
| 27 | Minnesota | $34,363 | $16.52 |
| 28 | Oklahoma | $33,186 | $15.95 |
| 29 | Maryland | $35,623 | $17.13 |
| 30 | Louisiana | $32,198 | $15.48 |
| 31 | Connecticut | $35,704 | $17.17 |
| 32 | Nevada | $31,526 | $15.16 |
| 33 | North Carolina | $32,042 | $15.40 |
| 34 | Montana | $32,793 | $15.77 |
| 35 | Utah | $31,597 | $15.19 |
| 36 | Alabama | $31,861 | $15.32 |
| 37 | Michigan | $31,112 | $14.96 |
| 38 | New Mexico | $31,409 | $15.10 |
| 39 | Ohio | $30,835 | $14.82 |
| 40 | Nebraska | $30,739 | $14.78 |
| 41 | Pennsylvania | $31,718 | $15.25 |
| 42 | Texas | $30,526 | $14.68 |
| 43 | Florida | $28,656 | $13.78 |
| 44 | Georgia | $31,461 | $15.13 |
| 45 | South Carolina | $29,021 | $13.95 |
| 46 | Virginia | $31,375 | $15.08 |
| 47 | Tennessee | $28,920 | $13.90 |
| 48 | Idaho | $31,377 | $15.09 |
| 49 | Mississippi | $29,003 | $13.94 |
| 50 | Missouri | $29,386 | $14.13 |
| 51 | District of Columbia | $27,555 | $13.25 |
Highest paying cities for mortgage service specialists
The highest-paying cities for mortgage service specialists are Simi Valley, CA, Albany, NY, and Olympia, WA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Simi Valley, CA | $42,761 | $20.56 |
| 2 | Albany, NY | $41,448 | $19.93 |
| 3 | Olympia, WA | $38,160 | $18.35 |
| 4 | Frankfort, KY | $36,495 | $17.55 |
| 5 | Oshkosh, WI | $35,435 | $17.04 |
| 6 | Fargo, ND | $34,449 | $16.56 |
| 7 | Fishers, IN | $34,285 | $16.48 |
| 8 | Des Moines, IA | $33,673 | $16.19 |
| 9 | Chandler, AZ | $33,494 | $16.10 |
| 10 | Bangor, ME | $32,792 | $15.77 |
| 11 | Raleigh, NC | $32,356 | $15.56 |
| 12 | Reston, VA | $31,975 | $15.37 |
| 13 | Dearborn, MI | $31,123 | $14.96 |
| 14 | San Antonio, TX | $30,789 | $14.80 |
| 15 | Jefferson City, MO | $29,316 | $14.09 |
| 16 | Greenville, SC | $29,166 | $14.02 |
| 17 | Dunedin, FL | $29,046 | $13.96 |
| 18 | Franklin, TN | $28,870 | $13.88 |
Mortgage service specialist salary details
A mortgage service specialist's salary ranges from $27,000 a year at the 10th percentile to $43,000 at the 90th percentile.
What is a mortgage service specialist's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $43,000 | $3,583 | $21 |
| 75th Percentile | $39,000 | $3,250 | $19 |
| Average | $34,920 | $2,910 | $17 |
| 25th Percentile | $31,000 | $2,583 | $15 |
| 10th Percentile | $27,000 | $2,250 | $13 |
Highest paying mortgage service specialist jobs
The highest paying types of mortgage service specialists are loan servicing specialist, specialist, and service specialist.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Loan Processor | $38,122 | $3,177 | $18.33 | 16,228 |
| Transaction Coordinator | $41,792 | $3,483 | $20.09 | 16,804 |
| Closing Coordinator | $39,066 | $3,256 | $18.78 | 19,203 |
| Loan Coordinator | $39,836 | $3,320 | $19.15 | 24,765 |
| Loan Closer | $39,093 | $3,258 | $18.79 | 11,431 |
| Post Closer | $38,045 | $3,170 | $18.29 | 10,407 |
How would you rate the starting salaries for mortgage service specialists, as well as the prospects for salary advancement?
Dr. Kate Seltzer Ph.D.
Assistant Professor, Rowan University
Top companies hiring mortgage service specialists now:
Which companies pay mortgage service specialists the most?
Mortgage service specialist salaries at Citi and Leidos are the highest-paying according to our most recent salary estimates. In addition, the average mortgage service specialist salary at companies like Southwest Business Corporation and Salal Credit Union are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Citi | $46,980 | $22.59 |
| 2 | Leidos | $43,744 | $21.03 |
| 3 | Southwest Business Corporation | $41,753 | $20.07 |
| 4 | Salal Credit Union | $37,295 | $17.93 |
| 5 | FORUM Credit Union | $37,073 | $17.82 |
| 6 | Freedom Mortgage | $37,060 | $17.82 |
| 7 | Coastal Credit Union | $36,277 | $17.44 |
| 8 | Summit Funding | $36,188 | $17.40 |
| 9 | DFCU Financial | $35,655 | $17.14 |
| 10 | Stockman Financial | $35,640 | $17.13 |
| 11 | Bangor Savings Bank | $35,533 | $17.08 |
| 12 | Inter National Bank | $35,383 | $17.01 |
| 13 | U.S. Bank | $35,352 | $17.00 |
| 14 | International Business-Government Counsellors | $35,189 | $16.92 |
| 15 | United Community Bank | $34,930 | $16.79 |
| 16 | Metro City Bank | $34,723 | $16.69 |
| 17 | Lake Michigan Credit Union | $34,218 | $16.45 |
| 18 | Randstad North America, Inc. | $34,102 | $16.40 |
| 19 | Broadway Bancshares Inc | $33,834 | $16.27 |
| 20 | Bell Bank | $33,795 | $16.25 |
Wage gap by gender, race and education
Mortgage service specialist salary trends
The average mortgage service specialist salary has risen by $5,529 over the last ten years. In 2014, the average mortgage service specialist earned $29,391 annually, but today, they earn $34,920 a year. That works out to a 7% change in pay for mortgage service specialists over the last decade.
Compare mortgage service specialist salaries for cities or states with the national average over time.
Average mortgage service specialist salary over time
Compare mortgage service specialist salaries for individual cities or states with the national average.
Mortgage service specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $34,900 | $16.79 | +1.8% |
| 2024 | $34,300 | $16.49 | +1.8% |
| 2023 | $33,700 | $16.19 | +2.1% |
| 2022 | $33,000 | $15.85 | +1.1% |
| 2021 | $32,600 | $15.68 | +2.4% |
Recently added mortgage service specialist salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Kohler Credit Union | Mortgage Loan Servicer II | Sheboygan, WI | 06/28/2025 | $50,088 |
| Teksystems | Mortgage Service Specialist | Saint Louis, MO | 06/26/2025 | $48,001 |
| Elevations Credit Union | Mortgage Servicing Specialist I | Broomfield, CO | 06/26/2025 | $41,803 |
| Pennymac | Mortgage Servicing Litigation Specialist II | Moorpark, CA | 06/19/2025 | $45,000 |
| First National Bank of Omaha | Mortgage Servicing SR. Specialist-On-Site | Omaha, NE | 06/18/2025 | $40,310 |
| Collabera | Mortgage Servicing Specialist Junior | Fort Worth, TX | 06/10/2025 | $27,131 |
| Collabera | Mortgage Servicing Specialist | Waltham, MA | 06/10/2025 | $48,001 |
| Fargo | Consumer Mortgage Servicing Specialist | Fargo, ND | 05/24/2025 | $32,010 |
| Magnifi Financial | Mortgage Loan Servicer | Sartell, MN | 05/24/2025 | $49,942 |
| Pennymac | Mortgage Servicing Litigation Specialist II | Moorpark, CA | 05/23/2025 | $45,000 |
Mortgage service specialist salary FAQs
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