Average Wells Fargo Loan Servicing Specialist yearly pay in the United States is approximately $34,586, which is 27% below the national average.
Beside above, how do I become a loan servicer?
These employers require a bachelor’s degree in business, finance, or accounting. Some may accept an associate degree if you have several years of mortgage-related job experience. Some states require professional certification, so you may need to earn a Mortgage Loan Originator (MLO) license.
Considering this, what does a loan servicing specialist do?
A loan servicing specialist is a financial professional who works at a bank or other financial institution that specializes in lending money to individuals and businesses. … You are responsible for working with individual clients to make sure that information is complete and accurate.
What is a loan servicing representative?
A loan service representative is responsible for communicating and interacting with clients and serves as a back-up or reliever in a company. … Also, they are the ones who inspect and verify if a company is complying with the transaction rules as well as the loan procedures and regulations.
Your mortgage lender is the financial institution that loaned you the money. Your mortgage servicer is the company that sends you your mortgage statements. Your servicer also handles the day-to-day tasks for managing your loan. … Your servicer may or may not be the same company that originally gave you your loan.
Loan Servicing Specialist Salary
|25th Percentile Loan Servicing Specialist Salary||$34,364||US|
|50th Percentile Loan Servicing Specialist Salary||$40,791||US|
|75th Percentile Loan Servicing Specialist Salary||$47,129||US|
|90th Percentile Loan Servicing Specialist Salary||$52,900||US|