What are the job responsibilities of a Loan Adjuster? What does an individual in this position get paid in Ohio?
Here is the position summary for Loan Adjuster as found in BLR’s Salary Finder:
Authorize credit charges against customers' accounts. Investigate history and credit standing of individuals or business establishments applying for credit. May interview applicants to obtain personal and financial data; determine credit worthiness; process applications; and notify customers of acceptance or rejection of credit.
In Ohio, the midpoint of salaries reported for the position (50th percentile) is $32,456. The 75th percentile (the rate below which 75% of salary data falls) is $40,426. The 25th percentile (the rate below which 25% of the data falls) is $28,342.
Get full salary data for Loan Adjuster, including data for your industry, geographic region or metro area and employer size. Get full access to your detailed salary information now!
How much should you pay a Loan Adjuster?
Compensation.BLR.com, a leading provider of compensation data, scores this job as nonexempt (entitled to overtime). According to Compensation.BLR.com's rate ranges, grade 23 has a minimum of $22,562. The midpoint is $30,069, and the maximum is $37,596.
How much should an employer be paying a Loan Adjuster in Ohio? It depends on many factors, but the most important are the experience and skills of the employee or applicant. Answer these questions: How much experience does he or she have? How highly skilled is he or she? Then, use the table below. Interpolate as necessary.
|Applicant's Skills and Experience |
| ||Beginner||Competent||Expert |
|Salary Survey || || || |
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|Rate Range (Grade 23)||National|