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Loan Processing Manager Salary

Just below three-fifths of Loan Processing Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $31K to $84K per year, but median earnings come to around $59K per year. Women make up the vast majority of Loan Processing Managers (81 percent) who answered the questionnaire. Health benefits are not enjoyed by everyone in this line of work, and just under one in four lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by a majority. For the most part, Loan Processing Managers enjoy their work and report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.

$36,437 - $82,439
(Median)
$36K
$59K
$82K
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
$36,437 - $82,439  
   
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).
)
$30,917 - $83,947  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 51
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  
   
Overtime
$34.06 - $41.96  
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).
)
$30,917 - $83,947  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 10
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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 generally obtain higher compensation for more plentiful past experience. Although individuals who have less than five years' experience earn $40K on average, people with five to 10 years benefit from a notably larger average of $54K. Loan Processing Managers claiming one to two decades of experience make an estimated median of $66K. 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 $79K.

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Experience Affects Loan Processing Manager Salaries

Late-Career
up arrow 34%

Experienced
up arrow 13%

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
81 %
Male
19 %

Years of Experience

Less than 1 year
5%
1-4 years
16%
5-9 years
23%
10-19 years
41%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 75% dental benefits Dental: 67%
vision benefits Vision: 51% employee benefits None: 22%
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