What are the job responsibilities of a Loan Adjuster? What does an individual in this position get paid in Oregon?
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Get Your Report Now!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 Oregon, the midpoint of salaries reported for the position (50th percentile) is $36,322. The 75th percentile (the rate below which 75% of salary data falls) is $44,859. The 25th percentile (the rate below which 25% of the data falls) is $30,579.
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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 Oregon? 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 | | | |
| National | $25,400 | $31,950 | $40,360 |
| Oregon | $30,579 | $36,322 | $44,859 |
| | | | |
| Rate Range (Grade 23) | | | |
National | $22,562 | $30,069 | $37,596 | | Oregon | $23,342 | $31,122 | $38,903 |