Loan Processing Manager Salary

Loan Processing Managers who are practiced in their profession and carry more than 10 years of experience make up just over a half of Loan Processing Managers. Pay fluctuates from $31K to $84K per year, but expected earnings average $58K annually. The vast majority (81 percent) of Loan Processing Managers who took the survey are female. Most workers in this position report high levels of job satisfaction. Some workers in this field — approximately one in five — are not awarded benefits. Medical coverage is reported by a strong majority and dental plans are enjoyed by the larger part. Respondents to the PayScale salary survey provided the data for this report.

$37,050 - $84,675

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$8.30 - $30.10

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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$29K$58K$87K
Salary
$37,050 - $84,675  
   
Bonus
$494.93 - $20,203  
Profit Sharing
$1,965 - $5,087  
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).
)
$30,554 - $84,386  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 56
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
$8.30 - $30.10  
   
Overtime
$29.48 - $41.10  
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
$494.93 - $20,203  
   
Profit Sharing
$1,965 - $5,087  
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).
)
$30,554 - $84,386  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 13
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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.


For many Loan Processing Managers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Salaries for the relatively untried average out to around $41K, but survey participants with five to 10 years of experience earn a significantly higher median of $54K. The average pay reported by folks with 10 to 20 years of experience is around $64K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $81K on average.

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Experience Affects Loan Processing Manager Salaries

Late-Career
up arrow 37%

Experienced
up arrow 9%

National Average
$59,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 31%

Job Satisfaction

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

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
6%
1-4 years
16%
5-9 years
25%
10-19 years
39%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 74% dental benefits Dental: 67%
vision benefits Vision: 53% employee benefits None: 21%
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