The average salary for a Loan Operations Manager is $60,692 per year. The highest paying skills associated with this job are Loan Underwriting and Operations Management.
Loan Operations Manager Total Pay (?
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.
)
$38,617 - $92,438
(Median)
39K
46K
61K
76K
92K
MEDIAN: $60,692
10%
25%
50%
75%
90%
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Loan Operations Manager Total Pay (?
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.
)
$10.69 - $20.64
(Median)
11
13
17
20
MEDIAN: $17.00
10%
25%
50%
75%
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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$50K$100K$150K
Salary
$38,617 - $92,438  
   
Bonus
$0.00 - $18,246  
Profit Sharing
$-0.50 - $34,765  
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).
)
$38,127 - $102,656  
PayScale
Country: United States | Currency: USD | Updated: 21 Apr 2014 | Individuals Reporting: 237
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$25$50$75
Hourly Rate
$10.69 - $20.64  
   
Overtime
$23.23 - $30.31  
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 - $18,246  
   
Profit Sharing
$-0.50 - $34,765  
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).
)
$38,127 - $102,656  
PayScale
Country: United States | Currency: USD | Updated: 21 Apr 2014 | Individuals Reporting: 237
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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.
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 14%
Experienced
up arrow 6%
National Average
$60,000
Mid-Career
up arrow 11%
Entry-Level
up arrow 22%

Skills That Affect Loan Operations Manager Salaries

Loan Underwriting
up arrow 22%
People Management
up arrow 6%
Commercial Loans
up arrow 4%
National Average
$60,000
Mortgage Loans
up arrow 8%
Loan Processing
up arrow 12%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 50 votes.
Gender
Female
86%
female alumni
 
Male
14%
male alumni
Years of Experience
Less than 1 year
2%
1-4 years
11%
5-9 years
19%
10-19 years
35%
20 years or more
33%
Common Health Benefits
medical benefits Medical: 91% dental benefits Dental: 79%
vision benefits Vision: 62% employee benefits None: 7%
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