As of April 01, 2025, the average annual salary for a Loan Servicing Representative I - Consumer Loans in Ewen, MI is $39,700. According to Salary.com, salaries can range from a low of $35,115 to a high of $46,960, with most professionals earning between $37,300 and $43,500.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $43,500 | $3,625 | $837 | $21 |
| Average | $39,700 | $3,308 | $763 | $19 |
| 25th Percentile | $37,300 | $3,108 | $717 | $18 |
An entry-level Loan Servicing Representative I - Consumer Loans with under 1 year experience makes about $39,092. With less than 2 years of experience, a mid-level Loan Servicing Representative I - Consumer Loans makes around $40,002. After 2-4 years, the Loan Servicing Representative I - Consumer Loans pay rises to about $42,328. Those senior Loan Servicing Representative I - Consumer Loans with 5-8 years of experience earn roughly $42,668, and those Loan Servicing Representative I - Consumer Loans having 8 years or more experience are expected to earn about $42,838 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Servicing Representative I - Consumer Loans | $39,092 |
| Intermediate Level Loan Servicing Representative I - Consumer Loans | $40,002 |
| Senior Level Loan Servicing Representative I - Consumer Loans | $42,328 |
| Specialist Level Loan Servicing Representative I - Consumer Loans | $42,668 |
| Expert Level Loan Servicing Representative I - Consumer Loans | $42,838 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 7% |
| Top Level | 7% |
| Experienced | 8% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Commercial Loans: A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.
Bank Secrecy Act: The Currency and Foreign Transactions Reporting Act of 1970—which legislative framework is commonly referred to as the "Bank Secrecy Act" (BSA)—requires U.S. financial institutions to assist U.S. government agencies to detect and prevent money laundering.
| Skill | Salary | Demand |
|---|---|---|
|
Construction Loans
|
$53,198 |
34%
|
|
Decision Making
|
$44,464 |
12%
|
|
Coordination
|
$43,670 |
10%
|
|
Confidentiality
|
$43,273 |
9%
|
|
Listening
|
$43,273 |
9%
|
|
Word Processing
|
$42,876 |
8%
|
