Home > Salary > Canada > Loan Operations Specialist
A loan operations specialist is responsible for managing the operational aspects of loan processing within a financial institution. They ensure that loan applications are accurately processed, documentation is complete, and loan disbursements are made in a timely manner. Their duties include reviewing loan documents, verifying borrower information, coordinating with loan officers and underwriters, and maintaining loan files. They also handle loan servicing activities, such as processing payments, updating loan information, and resolving any issues related to loan accounts. Additionally, loan operations specialists may assist in preparing reports, conducting audits, and ensuring compliance with regulatory requirements.
Estimated Yearly Salary: 36,986 CAD
Estimated Monthly Salary: 3,082 CAD
Estimated Weekly Salary: 711 CAD per week
Estimated Hourly Salary: 18 CAD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,983 CAD
Estimated Weekly Salary: 688 CAD per week
Estimated Hourly Salary: 17 CAD per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 37,146 USD
Estimated Monthly Salary: 3,096 USD
Estimated Weekly Salary: 714 USD per week
Estimated Hourly Salary: 18 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 36,986 CAD
Estimated Monthly Salary: 3,082 CAD
Estimated Weekly Salary: 711 CAD per week
Estimated Hourly Salary: 18 CAD per hour
By working as Loan Operations Specialist a person can save up to 977 USD per month or 11,725 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Canada, see costs of living in Canada.
Estimated Yearly Salary for Loan Operations Specialist
United States Of America is 40,009 USD
8%
Details on Loan Operations Specialist salary in United States Of America
Last revision of data: 2025-01-04
Data as of 2025
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Loan Operations Specialist salary in Canada
Average Yearly Salary of Loan Operations Specialist in Canada is approximately 36,986 CAD (37,146 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Loan Operations Specialist do?

Skills: loan operations, loan processing, loan documentation, loan servicing, financial institution, compliance.
Job industry: Banking
Job industry: Banking
How much does Loan Operations Specialist make?
Salary details
How much does Loan Operations Specialist make?Estimated Yearly Salary: 36,986 CAD
Estimated Monthly Salary: 3,082 CAD
Estimated Weekly Salary: 711 CAD per week
Estimated Hourly Salary: 18 CAD per hour
Comparing salary to last year:
Estimated Yearly Salary: 35,790 CADEstimated Monthly Salary: 2,983 CAD
Estimated Weekly Salary: 688 CAD per week
Estimated Hourly Salary: 17 CAD per hour
Loan Operations Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 37,146 USD
Estimated Monthly Salary: 3,096 USD
Estimated Weekly Salary: 714 USD per week
Estimated Hourly Salary: 18 USD per hour
Difference in salary year over year or average salary increase is approximately
About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Canada is a vast country located in North America. It has a population of approximately 38 million people, making it the second-largest country by land area and the tenth-largest by population. With a total area of about 9.98 million square kilometers, Canada is known for its breathtaking landscapes, including mountains, forests, lakes, and coastlines.
Estimated national average yearly salary is 70,966 CAD (52,960 USD). Value indicated is pre-tax. Below graph shows estimated Loan Operations Specialist job salary compared to average salary in Canada.
Comparison shows that a person working as Loan Operations Specialist in Canada earns on average:
0.52 times the average salary (or 52% of average salary).
Estimated national average yearly salary is 70,966 CAD (52,960 USD). Value indicated is pre-tax. Below graph shows estimated Loan Operations Specialist job salary compared to average salary in Canada.
Comparison shows that a person working as Loan Operations Specialist in Canada earns on average:
0.52 times the average salary (or 52% of average salary).
Is Loan Operations Specialist a well paid job?
No, our data shows that Loan Operations Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Loan Operations Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Loan Operations Specialist?
High salary for Loan Operations Specialist would be somewhere between 40,685 CAD and 53,630 CAD. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Operations Specialist in Canada?
Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 36,986 CAD
Estimated Monthly Salary: 3,082 CAD
Estimated Weekly Salary: 711 CAD per week
Estimated Hourly Salary: 18 CAD per hour
By working as Loan Operations Specialist a person can save up to 977 USD per month or 11,725 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Canada, see costs of living in Canada.
Salary comparison to region and neighbouring coutries
Country's neighbours are: United States of America. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loan Operations Specialist

Details on Loan Operations Specialist salary in United States Of America
Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
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Random salary:
Human resources manager equal employment opportunity (eeo) (95,249 CAD per year, pre-tax.)
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Office services specialist (32,327 CAD per year, pre-tax.)
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