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Loan Processing Manager Salary (United States)

Loan Processing Managers in the United States tend to be well-versed in their field, and over one-half have more than 10 years of experience. Average salary is expected to be around $56K annually, but may range from $29K to $83K per year. Not all workers are lucky enough to have benefits; in fact, just under a fourth are without coverage. Medical insurance is claimed by a strong majority and dental insurance is reported by the larger part. The majority of Loan Processing Managers claim high levels of job satisfaction. Most Loan Processing Managers survey respondents are women (78 percent). This report is based on responses to the PayScale salary survey.
Loan Processing Manager Salary (?
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.
)
$34,977 - $78,062
(Median)
35K
42K
56K
67K
78K
MEDIAN: $56,307
10%
25%
50%
75%
90%
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Loan Processing Manager Salary (?
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.
)
$8.07 - $29.80
(Median)
8
12
17
26
30
MEDIAN: $16.00
10%
25%
50%
75%
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
$34,977 - $78,062  
   
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).
)
$29,442 - $83,360  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 40
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).
)
$29,442 - $83,360  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 10
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United States (change)

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.
The average inexperienced worker earns $41K, and someone who has worked for five to 10 years can expect a bigger median salary of $53K. The average pay reported by folks with 10 to 20 years of experience is around $69K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Loan Processing Managers report making only $61K on average.
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Experience Affects Loan Processing Manager Salaries

Experienced
up arrow 22%
Late-Career
up arrow 7%
National Average
$57,000
Mid-Career
up arrow 7%
Entry-Level
up arrow 28%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 16 votes.

Gender

Female
78%
female alumni
 
Male
22%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
16%
5-9 years
26%
10-19 years
40%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 67%
vision benefits Vision: 53% employee benefits None: 23%