Loan Servicing Manager salary in Norway

Average Yearly Salary of Loan Servicing Manager in Norway is approximately 1,417,276 NOK (129,016 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 Servicing Manager do?

A loan servicing manager is responsible for overseeing the management and administration of loans within a financial institution. They ensure that all loan processes are carried out efficiently, accurately, and in compliance with relevant regulations. This role involves managing a team of loan servicing professionals, monitoring loan portfolios, reviewing loan documents, and resolving any issues or discrepancies that may arise. The loan servicing manager also collaborates with other departments such as underwriting, collections, and customer service to ensure seamless loan servicing operations. Strong analytical skills, attention to detail, and knowledge of loan servicing software are essential for this role. Effective communication and leadership abilities are also important to effectively manage the team and maintain strong relationships with clients and stakeholders.

Skills: Loan servicing, Managerial role, Loan administration, Compliance, Financial institution, Team management
Job industry: Finance

How much does Loan Servicing Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Loan Servicing Manager a well paid job?

Yes, our data shows that Loan Servicing Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Loan Servicing Manager?

High salary for Loan Servicing Manager would be somewhere between 1,559,004 NOK and 2,055,050 NOK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Loan Servicing Manager in Norway?

Living in Norway the approximate monthly expenses are: 3,820 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: 1,417,276 NOK
Estimated Monthly Salary: 118,106 NOK
Estimated Weekly Salary: 27,255 NOK per week
Estimated Hourly Salary: 681 NOK per hour
By working as Loan Servicing Manager a person can save up to 6,931 USD per month or 83,171 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 Norway, see costs of living in Norway.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Sweden, Finland, Russia, Denmark.
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 Servicing Manager

Last revision of data: 2025-01-04

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 +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Norway

Data as of 2025

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