Loan Operations Manager Salary

The average salary for a Loan Operations Manager is $61,650 per year. The highest paying skills associated with this job are Commercial Loans and Mortgage Loans.

$43,823 - $97,672
$44K
$62K
$98K
MEDIAN: $61,650
10%
50%
90%

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$12.37 - $38.78
$12
$20
$39
MEDIAN: $20.48
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
$43,823 - $97,672  
   
Bonus
$984 - $12,209  
Profit Sharing
$1,000  
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 - $98,721  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 149
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
$12.37 - $38.78  
   
Overtime
$36.00  
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
$984 - $12,209  
   
Profit Sharing
$1,000  
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 - $98,721  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 13

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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

Pay by Experience for a Loan Operations Manager has a positive trend. An entry-level Loan Operations Manager with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 31 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Operations Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $57,000 based on 51 salaries. An experienced Loan Operations Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $66,000 based on 69 salaries. A Loan Operations Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $72,000 based on 48 salaries.

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 22 votes.
Less than 1 year
1%
1-4 years
12%
5-9 years
20%
10-19 years
38%
20 years or more
30%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Operations Manager Salaries

▲15%

▲6%

National Average
$62,000

▼8%

▼16%

Skills That Affect Loan Operations Manager Salaries

Commercial Loans
▲77%

Mortgage Loans
▲19%

Loan Documents
▲10%


People Management
▲3%


Loan Underwriting
▲1%

National Average
$62,000

Regulatory Compliance
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
20%
10-19 years
38%
20 years or more
30%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 83%
vision benefits
Vision: 66%
no benefits
None: 7%