Loan Administration Manager Salary
Slightly less than three-fifths of Loan Administration Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $42K to $90K per year, and the average comes out to $62K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Female Loan Administration Managers make up most of the survey respondents at 71 percent. Work is reasonably fulfilling for most Loan Administration Managers — the majority report average levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part.
|Salary||$44,138 - $85,988|
|Bonus||$1,987 - $14,681|
|Total Pay (||$41,993 - $89,604|
Job Description for Loan Administration Manager
- Assist in the development and implementation of loan administration procedures, policies, and budgets.
- Build and manage loan administration team, conducting hiring, training, supervising, and performance evaluations.
- Manage loan production activities and operations, overseeing loan processing and reviewing documentation.
- Provide cross-functional support to customer facing teams to ensure loan administration and closing transactions.
Loan Administration Manager Job Listings
Pay by Experience Level for Loan Administration Manager
Pay by Experience for a Loan Administration Manager has a positive trend. An entry-level Loan Administration Manager with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Administration Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 30 salaries. An experienced Loan Administration Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $74,000 based on 34 salaries. A Loan Administration Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $84,000 based on 16 salaries.
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Key Stats for Loan Administration Manager
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