Loan Processing Manager Salary

The majority of Loan Processing Managers in the United States — around half — boast more than 10 years of experience in their profession. Salaries stretch from $34K to $88K per year, and the median is $60K annually. The vast majority of Loan Processing Managers (80 percent) who responded to the survey are women. Most Loan Processing Managers like their work and job satisfaction is high. Not all workers are lucky enough to have benefits; in fact, one-fifth are without coverage. Medical insurance is claimed by a strong majority and dental insurance is reported by more than half. This overview is based on answers to PayScale's salary questionnaire.

$36,812 - $86,405
(Median)
$37K
$60K
$86K
MEDIAN: $60,099
10%
50%
90%

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$10.67 - $30.91
(Median)
$11
$16
$31
MEDIAN: $16.00
10%
50%
90%

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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
$36,812 - $86,405  
   
Bonus
$500 - $19,000  
Profit Sharing
$3,000  
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).
)
$34,151 - $88,022  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 64
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
$10.67 - $30.91  
   
Overtime
$34.06  
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
$500 - $19,000  
   
Profit Sharing
$3,000  
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).
)
$34,151 - $88,022  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 16
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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. Workers in their first five years can expect to earn $41K, but people who have been around for five to 10 years earn a noticeably bigger sum of $54K. After working for 10 to 20 years, Loan Processing Managers make a median salary of $64K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $79K.

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Experience Affects Loan Processing Manager Salaries

Late-Career
up arrow 32%

Experienced
up arrow 7%

National Average
$60,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 32%

Job Satisfaction

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

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
5%
1-4 years
20%
5-9 years
24%
10-19 years
33%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 68%
medical benefits
Vision: 52%
dental benefits
None: 21%
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