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Loan Operations Manager Salary

The average salary for a Loan Operations Manager is $61,590 per year. Experience has a moderate effect on income for this job.
$39,663 - $90,346
(Median)
40K
48K
62K
75K
90K
MEDIAN: $61,589
10%
25%
50%
75%
90%

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$11.22 - $24.22
(Median)
11
18
20
24
MEDIAN: $17.00
10%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$33K$66K$99K
Salary
$39,663 - $90,346  
   
Bonus
$0.00 - $15,000  
Profit Sharing
$0.00 - $33,935  
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).
)
$39,205 - $98,387  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 271
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17$34$51
Hourly Rate
$11.22 - $24.22  
   
Overtime
$23.23 - $30.96  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $15,000  
   
Profit Sharing
$0.00 - $33,935  
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).
)
$39,205 - $98,387  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 17
United States (change)

Job Description for Loan Operations Manager

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

Lending Manager Job Listings

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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

Experience Affects Loan Operations Manager Salaries

Late-Career
up arrow 15%

Experienced
up arrow 3%

National Average
$61,000

Mid-Career
up arrow 8%

Entry-Level
up arrow 22%

Skills That Affect Loan Operations Manager Salaries


People Management
up arrow 5%

Loan Underwriting
up arrow 3%

National Average
$61,000

Commercial Loans
up arrow 2%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 48 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
2%
1-4 years
11%
5-9 years
20%
10-19 years
33%
20 years or more
34%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 79%
vision benefits Vision: 61% employee benefits None: 8%