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Loan Processing Manager Salary

More than half of Loan Processing Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $30K to $83K per year, and the average comes out to $59K per year. Men are in the minority of survey respondents, with female Loan Processing Managers making up 78 percent. The majority of Loan Processing Managers claim high levels of job satisfaction. Although a fair number have medical coverage and more than half have dental coverage, between a fifth and a fourth claim no health benefits at all. Respondents to the PayScale salary survey provided the data for this report.

$35,886 - $80,659
(Median)
$36K
$59K
$81K
MEDIAN: $58,829
10%
50%
90%

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$8.07 - $29.80
(Median)
$8
$17
$30
MEDIAN: $16.00
10%
50%
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$28K$56K$84K
Salary
$35,886 - $80,659  
   
Bonus
$493.16 - $19,866  
Profit Sharing
$1,750 - $4,000  
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).
)
$30,283 - $83,027  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 47
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$14$28$42
Hourly Rate
$8.07 - $29.80  
   
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$28K$56K$84K
Bonus
$493.16 - $19,866  
   
Profit Sharing
$1,750 - $4,000  
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).
)
$30,283 - $83,027  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 10

Find Out Exactly What You Should Be Paid

United States (change)


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Job Description for Loan Processing Manager

  • Oversee budget and track metrics for profitability and repayment of different types of loans.
  • Train and oversee a team, providing assistance, training and clarification.
  • Determine loan processing, approval, and closure processes and guidelines.
  • Report on budget, technology, accounts, staff, and regulatory compliance.

Loan Processing Manager Job Listings

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Pay by Experience Level for Loan Processing Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Loan Processing Managers who reported more years of relevant experience also reported higher earnings. Survey participants with less than five years' experience pocket $40K on average, but those with five to 10 years of experience enjoy a much bigger median of $54K. On average, Loan Processing Managers make $65K following one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $79K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

United States (change)

Experience Affects Loan Processing Manager Salaries

Late-Career
up arrow 34%

Experienced
up arrow 11%

National Average
$59,000

Mid-Career
up arrow 8%

Entry-Level
up arrow 31%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
5%
1-4 years
18%
5-9 years
25%
10-19 years
40%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 66%
vision benefits Vision: 51% employee benefits None: 23%
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