Loan Operations Manager Salary

The average salary for a Loan Operations Manager is $61,952 per year. A skill in Mortgage Loans is associated with high pay for this job.

$43,987 - $95,909
$44K
$62K
$96K
MEDIAN: $61,952
10%
50%
90%

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$13.00 - $38.44
$13
$20
$38
MEDIAN: $20.23
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$33K$66K$99K
Salary
$43,987 - $95,909  
   
Bonus
$975 - $11,844  
Profit Sharing
$1,965  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$42,827 - $97,135  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 158
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17$34$51
Hourly Rate
$13.00 - $38.44  
   
Overtime
$29.53  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$975 - $11,844  
   
Profit Sharing
$1,965  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$42,827 - $97,135  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 14

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United States (change)

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Job Description for Loan Operations Manager

Loan operations managers work primarily for financial institutions, such as banks, credit unions, and mortgage lending companies, to manage loan operations and consumer and/or business loan support staff. They must ensure that document preparation and loan processing are completed in a timely manner, and they may also oversee post-closing and customer service and train staff within a department.

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Loan Operations Manager Tasks

  • Supervise lenders processing loan applications, managework flow, and ensure compliance with regulations.
  • Generate new business through sales outreach.
  • Hire, train, evaluate, and discipline lending staff.
  • Develop and implement strategies to improve loan department efficiency and meet sales targets.

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Pay by Experience Level for Loan Operations Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

Key Stats for Loan Operations Manager

Gender

Female
80 %
Male
20 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.
Less than 1 year
1%
1-4 years
12%
5-9 years
19%
10-19 years
35%
20 years or more
33%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Operations Manager Salaries

Late-Career
▲11%

Experienced
▲4%

National Average
$63,000

Mid-Career
▼10%

Entry-Level
▼18%

Skills That Affect Loan Operations Manager Salaries

Mortgage Loans
▲18%

Loan Documents
▲6%


People Management
▲2%

Loan Underwriting
▲1%

Loan Processing
▼0%

National Average
$63,000

Commercial Loans
▼4%

Regulatory Compliance
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
19%
10-19 years
35%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 81%
vision benefits
Vision: 65%
dental benefits
None: 4%
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