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Loan Specialist Salary
in Chicago, Illinois

$47,724 (USD)

Average Salary


Average Hourly


Average Bonus

Last updated: May 25, 2019

Salary Recap

The average pay for a Loan Specialist is $47,724 a year and $23 an hour in Chicago, Illinois, United States. The average salary range for a Loan Specialist is between $35,782 and $57,630. On average, an Associate Degree is the highest level of education for a Loan Specialist. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chicago, Illinois.

Average Salary Chart

Scroll for Salary Potential, Education and Skills

Job Summary

  • Processes applications of individuals applying for loans and credit.
  • Asks applicant questions to obtain personal and financial data and fills out application.
  • Checks credit history and gets information needed to determine creditworthiness of loan.
Loan Specialist Job Prevalence in Chicago, Illinois, United States

Job family: Credit Analysts

Job family population: 74,850

Estimated population of Loan Specialist jobs: 5,668

Rate of error: 1.7%

Salary Potential

Estimated salary in 2024:
5 Year Change:
16 %



About Chicago, Illinois

Chicago Cost of Living Score:

Description: Chicago ( (listen), locally also ), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,705,994 (2018), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States. Located on the shores of freshwater Lake Michigan, Chicago was incorporated...

Loan Specialist Job Listings for Chicago, Illinois

UHNW/HNW Mortgage Specialist
Mar 2
Chicago, USA
Description of the Position • Citi Private Bank Residential Real Estate Loan Officer Job Description • Serve as primary client contact for the mortgage throughout process, from initiation of ...
Escrow Specialist
Apr 3
AHP Servicing, LLC.
AHP Servicing is a fast growing, socially responsible loan servicing company located in the Loop. We're recruiting for an Escrow Specialist for our loan servicing team. We offer great benefits, a ...
Mortgage Loan Processor
May 6
Chicago, IL, USA
StaffLINK Consulting
Review new loan submissions from Loan Officer or Approval Specialist within 48 hours of receipt. * Verify loan is complete with checklist and accompanying disclosures, documents, needs list ...
Mortgage Processing Specialist
May 15
Vernon Hills, IL, USA
Baxter Credit Union
Open first mortgage loan files on Mortgage Processing system * Maintain mortgage loan file and process file mail, indexing all documentation in electronic file cabinet * Document mortgage loan file ...
Member Services Rep (Bank Teller)
May 7
Schaumburg, IL, USA
Business Services Management Consulting
Possess proficiency in all consumer loan types, to include auto, home equity, personal, first ... development specialist to develop local campaigns and promotions geared toward generating new ...
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