The average salary for a Loan Operations Manager is $63,005 per year. A skill in Mortgage Loans is associated with high pay for this job.

$43,517 - $94,700
(Median)
$44K
$63K
$95K
MEDIAN: $63,005
10%
50%
90%

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$12.16 - $36.50
(Median)
$12
$20
$37
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$33K$66K$99K
Salary
$43,517 - $94,700  
   
Bonus
$965 - $12,016  
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).
)
$42,299 - $96,775  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 164
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
$12.16 - $36.50  
   
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
$965 - $12,016  
   
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).
)
$42,299 - $96,775  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 11
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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 4%

National Average
$64,000

Mid-Career
up arrow 13%

Entry-Level
up arrow 17%

Skills That Affect Loan Operations Manager Salaries

Mortgage Loans
up arrow 33%

Loan Documents
up arrow 6%

Operations Management
up arrow 2%

People Management
0%

National Average
$64,000

Loan Processing
up arrow 2%

Loan Underwriting
up arrow 2%

Commercial Loans
up arrow 6%

Regulatory Compliance
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
1%
1-4 years
11%
5-9 years
22%
10-19 years
35%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 82%
medical benefits
Vision: 68%
dental benefits
None: 4%
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