Home > Salary > Norway > Loan Servicing Manager
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.
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
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 114,516 NOK
Estimated Weekly Salary: 26,427 NOK per week
Estimated Hourly Salary: 661 NOK per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 129,016 USD
Estimated Monthly Salary: 10,751 USD
Estimated Weekly Salary: 2,481 USD per week
Estimated Hourly Salary: 62 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: 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.
Estimated Yearly Salary for Loan Servicing Manager
Last revision of data: 2025-01-04
Data as of 2025
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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
Job industry: Finance
How much does Loan Servicing Manager make?
Salary details
How much does Loan Servicing Manager make?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
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,374,197 NOKEstimated Monthly Salary: 114,516 NOK
Estimated Weekly Salary: 26,427 NOK per week
Estimated Hourly Salary: 661 NOK per hour
Last revision of data: 2024-01-03Loan Servicing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 129,016 USD
Estimated Monthly Salary: 10,751 USD
Estimated Weekly Salary: 2,481 USD per week
Estimated Hourly Salary: 62 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
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Salary comparison to National average
Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Loan Servicing Manager job salary compared to average salary in Norway.
Comparison shows that a person working as Loan Servicing Manager in Norway earns on average:
1.45 times the average salary (or 145% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Loan Servicing Manager job salary compared to average salary in Norway.
Comparison shows that a person working as Loan Servicing Manager in Norway earns on average:
1.45 times the average salary (or 145% of average salary).
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
Sweden is 85,241 USD
Finland is 73,703 USD
Russia is 17,405 USD
Denmark is 99,477 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Norway
(10,937,756 NOK per year, pre-tax.)
2. Cardiologist
(9,106,184 NOK per year, pre-tax.)
(8,829,745 NOK per year, pre-tax.)
4. Neurosurgeon
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
6. Oncologist
(8,361,766 NOK per year, pre-tax.)
7. Urologist
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)
Data as of 2025Random salary:
Physician doctor physiatrist (4,392,419 NOK per year, pre-tax.)
Dry wall finisher (820,221 NOK per year, pre-tax.)
Warranty coordinator (500,737 NOK per year, pre-tax.)
Professional land surveyor (1,603,228 NOK per year, pre-tax.)
Licensed professional counselor (759,738 NOK per year, pre-tax.)
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The salary estimates on this website are meant for informational purposes exclusively. We compile salary data from multiple providers, but cannot ensure complete precision. Users must on their own verify salaries before making financial decisions. Salary fluctuations occur due to industry standards, demand shifts, and location. We deny any guarantee regarding the validity of the listed salary data. By using this site, you agree that salary data is not definitive.
This website displays salary figures solely for informational purposes. While we endeavor for accuracy, we cannot ensure the validity of all figures. Users must double-check salary details with official organizations before making financial plans. Salary estimates can fluctuate based on multiple factors, such as geographic location, experience, and job role. We accept no responsibility for errors in the pay estimates provided. By accessing this website, you acknowledge that salary data is not absolute.