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Loan doc specialist salary
Average loan doc specialist salary
$38,480
Understanding Loan DOC Specialist Salaries
A Loan DOC Specialist plays a pivotal role in ensuring that loan documentation is accurate and compliant. As of October 2025, the average salary for this position is $38,480 annually, or approximately $19 per hour. Factors influencing salary include years of experience, geographical location, and the specific employer.
Salary by Experience Level
Entry-level specialists may start at lower salaries, while those with more experience can earn significantly more. For instance, specialists with five or more years in the field may see salaries upwards of $45,000, depending on their location and the complexity of their duties.
Regional Salary Differences
Salary varies by state, with specialists in higher-demand areas earning more. States with robust real estate markets like California and New York often offer higher salaries. Additionally, cities such as New York City and San Francisco are among the highest-paying for this role.
Job Opportunities
As the housing market continues to grow, the demand for Loan DOC Specialists is expected to increase. This trend presents numerous job openings across various companies in the finance and mortgage sectors.
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Where can a Loan DOC Specialist earn more?
Loan doc specialist salaries by experience level
Average loan doc specialist salary by state
The highest-paying states for loan doc specialists are West Virginia, Maryland, and New Jersey. The lowest average loan doc specialist salary states are Wyoming, Montana, and South Dakota.
- State view
- County view
Highest paying states for loan doc specialists
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Delaware | $50,003 | $24.04 |
| 2 | Maryland | $60,988 | $29.32 |
| 3 | West Virginia | $61,017 | $29.34 |
| 4 | New Jersey | $55,285 | $26.58 |
| 5 | North Carolina | $51,053 | $24.54 |
| 6 | Rhode Island | $45,175 | $21.72 |
| 7 | Pennsylvania | $48,017 | $23.09 |
| 8 | Arkansas | $42,734 | $20.55 |
| 9 | Kentucky | $50,457 | $24.26 |
| 10 | Georgia | $45,782 | $22.01 |
| 11 | New York | $50,731 | $24.39 |
| 12 | Illinois | $44,456 | $21.37 |
| 13 | Florida | $43,446 | $20.89 |
| 14 | Indiana | $44,364 | $21.33 |
| 15 | Colorado | $43,144 | $20.74 |
| 16 | Arizona | $40,454 | $19.45 |
| 17 | Louisiana | $42,158 | $20.27 |
| 18 | Connecticut | $46,335 | $22.28 |
| 19 | Wisconsin | $41,169 | $19.79 |
| 20 | Ohio | $41,904 | $20.15 |
| 21 | Virginia | $46,855 | $22.53 |
| 22 | South Carolina | $45,158 | $21.71 |
| 23 | North Dakota | $35,878 | $17.25 |
| 24 | Vermont | $38,677 | $18.59 |
| 25 | Hawaii | $38,266 | $18.40 |
| 26 | Texas | $39,489 | $18.99 |
| 27 | Alaska | $36,046 | $17.33 |
| 28 | Iowa | $36,156 | $17.38 |
| 29 | Michigan | $38,812 | $18.66 |
| 30 | Minnesota | $38,689 | $18.60 |
| 31 | Massachusetts | $43,294 | $20.81 |
| 32 | Tennessee | $39,026 | $18.76 |
| 33 | Alabama | $37,156 | $17.86 |
| 34 | Wyoming | $33,647 | $16.18 |
| 35 | Kansas | $39,519 | $19.00 |
| 36 | California | $43,189 | $20.76 |
| 37 | Oregon | $39,251 | $18.87 |
| 38 | Nevada | $36,669 | $17.63 |
| 39 | Washington | $39,254 | $18.87 |
| 40 | Utah | $34,458 | $16.57 |
| 41 | New Hampshire | $39,509 | $18.99 |
| 42 | Montana | $33,218 | $15.97 |
| 43 | South Dakota | $33,007 | $15.87 |
| 44 | Mississippi | $37,932 | $18.24 |
| 45 | Maine | $34,661 | $16.66 |
| 46 | Idaho | $32,254 | $15.51 |
| 47 | Oklahoma | $37,430 | $18.00 |
| 48 | District of Columbia | $41,626 | $20.01 |
| 49 | New Mexico | $36,084 | $17.35 |
| 50 | Nebraska | $32,111 | $15.44 |
| 51 | Missouri | $32,646 | $15.70 |
Highest paying cities for loan doc specialists
The highest-paying cities for loan doc specialists are Jersey City, NJ, Rockville Centre, NY, and Allentown, PA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Jersey City, NJ | $54,707 | $26.30 |
| 2 | Rockville Centre, NY | $51,535 | $24.78 |
| 3 | Allentown, PA | $47,307 | $22.74 |
| 4 | Greenville, SC | $44,274 | $21.29 |
| 5 | Fresno, CA | $43,621 | $20.97 |
| 6 | Springfield, IL | $42,989 | $20.67 |
| 7 | Fort Collins, CO | $42,852 | $20.60 |
| 8 | Burlington, MA | $42,656 | $20.51 |
| 9 | Phoenix, AZ | $40,450 | $19.45 |
| 10 | Troy, MI | $38,846 | $18.68 |
| 11 | Saint Paul, MN | $38,797 | $18.65 |
| 12 | Dallas, TX | $38,564 | $18.54 |
| 13 | Dubuque, IA | $37,592 | $18.07 |
Loan doc specialist salary details
A loan doc specialist's salary ranges from $25,000 a year at the 10th percentile to $58,000 at the 90th percentile.
What is a loan doc specialist's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $58,000 | $4,833 | $28 |
| 75th Percentile | $47,000 | $3,917 | $23 |
| Average | $38,480 | $3,207 | $19 |
| 25th Percentile | $31,000 | $2,583 | $15 |
| 10th Percentile | $25,000 | $2,083 | $12 |
Highest paying loan doc specialist jobs
The highest paying types of loan doc specialists are loan servicing specialist, specialist, and service specialist.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Closing Coordinator | $39,066 | $3,256 | $18.78 | 19,203 |
| Closer | $29,291 | $2,441 | $14.08 | 7,560 |
| Post Closer | $38,045 | $3,170 | $18.29 | 10,407 |
| Mortgage Processor | $40,527 | $3,377 | $19.48 | 9,057 |
| Mortgage Loan Processor | $43,594 | $3,633 | $20.96 | 16,276 |
| Transaction Coordinator | $41,792 | $3,483 | $20.09 | 16,804 |
Top companies hiring loan doc specialists now:
Which companies pay loan doc specialists the most?
Loan doc specialist salaries at Valley Children's and Citi are the highest-paying according to our most recent salary estimates. In addition, the average loan doc specialist salary at companies like United Community Bank and Methodist Health System are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Valley Children's | $131,724 | $63.33 |
| 2 | Citi | $96,968 | $46.62 |
| 3 | United Community Bank | $53,180 | $25.57 |
| 4 | Methodist Health System | $50,521 | $24.29 |
| 5 | Catholic Health East | $47,424 | $22.80 |
| 6 | WesBanco | $44,489 | $21.39 |
| 7 | Austin Bank | $43,987 | $21.15 |
| 8 | Pinnacle Bancorp Inc | $42,746 | $20.55 |
| 9 | Home Federal Bancorp Inc/La | $40,661 | $19.55 |
| 10 | Lahey Health Behavioral Services | $39,538 | $19.01 |
| 11 | HTLF | $39,437 | $18.96 |
| 12 | Randstad North America, Inc. | $36,479 | $17.54 |
| 13 | Robert Half | $35,379 | $17.01 |
| 14 | Aerotek | $34,472 | $16.57 |
| 15 | Lehigh Valley Health Network | $34,082 | $16.39 |
| 16 | eTitle Agency | $33,944 | $16.32 |
Wage gap by gender, race and education
Loan doc specialist salary trends
The average loan doc specialist salary has risen by $6,093 over the last ten years. In 2014, the average loan doc specialist earned $32,387 annually, but today, they earn $38,480 a year. That works out to a 7% change in pay for loan doc specialists over the last decade.
Compare loan doc specialist salaries for cities or states with the national average over time.
Average loan doc specialist salary over time
Compare loan doc specialist salaries for individual cities or states with the national average.
Loan doc specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $38,500 | $18.50 | +1.8% |
| 2025 | $37,800 | $18.17 | +1.8% |
| 2024 | $37,100 | $17.84 | +2.1% |
| 2023 | $36,300 | $17.47 | +1.1% |
| 2022 | $35,900 | $17.27 | +2.4% |
Recently added loan doc specialist salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Apogee Enterprises | Lien and DOC Specialist I | Owatonna, MN | 06/16/2025 | $40,133 |
| First International Bank & Trust | Loan DOC Prep Specialist | Edina, MN | 05/24/2025 | $65,532 |
| Apogee Enterprises | Lien and DOC Specialist I | Owatonna, MN | 05/17/2025 | $40,133 |
| Bank of America | OPS Professional Mkts, Amrs Loan Docs | Charlotte, NY | 04/04/2025 | $65,000 |
| U.S. Bank | SBA Loan DOC Specialist | Concord, NH | 03/29/2025 | $61,003 |
| U.S. Bank | SBA Loan DOC Specialist | Augusta, ME | 03/29/2025 | $61,003 |
| U.S. Bank | SBA Loan DOC Specialist | Minneapolis, MN | 03/29/2025 | $61,003 |
| U.S. Bank | SBA Loan DOC Specialist | Denver, CO | 03/29/2025 | $61,003 |
| U.S. Bank | SBA Loan DOC Specialist | Fargo, ND | 03/29/2025 | $61,003 |
| U.S. Bank | SBA Loan DOC Specialist | Lansing, MI | 03/29/2025 | $61,003 |
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