More than half of Loan Processing Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $38K to $88K per year, but median earnings come to around $59K annually. Among folks in this role, job satisfaction levels approximately match the national average. There are far more female Loan Processing Managers who answered the questionnaire than men, making up 87 percent. A strong majority report receiving medical coverage from their employers and more than half collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.

$39,476 - $86,441
(Median)
$39K
$59K
$86K
MEDIAN: $59,412
10%
50%
90%

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$12.99 - $29.48
(Median)
$
$16
$
MEDIAN: $16.00
50%

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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$30K$60K$90K
Salary
$39,476 - $86,441  
   
Bonus
$2,013 - $20,273  
Profit Sharing
$10,250  
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).
)
$37,652 - $88,181  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 45
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$15$30$45
Hourly Rate
$16.48  
   
Overtime
$25.50  
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$30K$60K$90K
Bonus
$2,013 - $20,273  
   
Profit Sharing
$10,250  
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).
)
$37,652 - $88,181  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 8
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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.

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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.


Experience is an important factor influencing the compensation of Loan Processing Managers. Salaries of relatively inexperienced workers fall in the neighborhood of $42K, but folks who have racked up five to 10 years see a notably higher median of $58K. Loan Processing Managers claiming one to two decades of experience make an estimated median of $63K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $65K.

Related Job Salaries

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Experience Affects Loan Processing Manager Salaries

Late-Career
up arrow 9%

Experienced
up arrow 7%

National Average
$59,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 29%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
4%
1-4 years
26%
5-9 years
15%
10-19 years
30%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 68%
medical benefits
Vision: 53%
dental benefits
None: 20%
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