Loan Operations Manager Salary

The average salary for a Loan Operations Manager is $62,456 per year. A skill in Mortgage Loans is associated with high pay for this job.

$41,812 - $89,996
(Median)
$42K
$62K
$90K
MEDIAN: $62,456
10%
50%
90%

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$11.22 - $25.92
(Median)
$11
$19
$26
MEDIAN: $19.00
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$32K$64K$96K
Salary
$41,812 - $89,996  
   
Bonus
$0.00 - $14,191  
Profit Sharing
$0.00 - $14,544  
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).
)
$41,468 - $95,811  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 305
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$16$32$48
Hourly Rate
$11.22 - $25.92  
   
Overtime
$30.44  
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$32K$64K$96K
Bonus
$0.00 - $14,191  
   
Profit Sharing
$0.00 - $14,544  
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).
)
$41,468 - $95,811  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 17
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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

  • 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.

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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

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Experience Affects Loan Operations Manager Salaries

Late-Career
up arrow 11%

Experienced
up arrow 2%

National Average
$63,000

Mid-Career
up arrow 12%

Entry-Level
up arrow 20%

Skills That Affect Loan Operations Manager Salaries

Mortgage Loans
up arrow 25%

Operations Management
up arrow 2%

People Management
up arrow 1%

Loan Underwriting
0%

National Average
$63,000

Commercial Loans
up arrow 5%

Regulatory Compliance
up arrow 10%


Job Satisfaction

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

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
2%
1-4 years
11%
5-9 years
18%
10-19 years
33%
20 years or more
37%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 81%
medical benefits
Vision: 63%
dental benefits
None: 7%
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