Loan Processing Manager Salary

Loan Processing Managers in the United States tend to have a good amount of experience under their belt — just over a half have more than 10 years in the field. While pay runs from $35K to $87K per year, median earnings come to $54K annually. Job satisfaction is considered about average by most people in this profession. Most report receiving medical coverage from their employers and more than half collect dental insurance. The vast majority of Loan Processing Managers (81 percent) who responded to the survey are women. Respondents to the PayScale salary survey provided the data for this report.

$38,752 - $83,693
$39K
$54K
$84K
MEDIAN: $54,205
10%
50%
90%

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$12.92 - $34.77
$13
$18
$35
MEDIAN: $18.32
10%
50%
90%

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$0$86K
Salary $38,752 - $83,693
Bonus $1,555 - $19,866
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).
)
$35,476 - $86,647
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 40
Hourly Data $0$34
Hourly Rate $12.92 - $34.77
Overtime $27.00
Annual Data $0$86K
Bonus $1,555 - $19,866
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).
)
$35,476 - $86,647
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 10

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Loan Processing Manager

  • Determine loan processing, approval, and closure processes and guidelines.
  • Report on budget, technology, accounts, staff, and regulatory compliance.
  • Oversee budget and track metrics for profitability and repayment of different types of loans.
  • Train and oversee a team, providing assistance, training and clarification.

Loan Processing Manager Job Listings

Pay by Experience Level for Loan Processing Manager

Pay by Experience for a Loan Processing Manager has a positive trend. An entry-level Loan Processing Manager with less than 5 years of experience can expect to earn an average total compensation of $43,000 based on 19 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Processing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 15 salaries. An experienced Loan Processing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 18 salaries. A Loan Processing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $67,000 based on 14 salaries.

Related Job Salaries

Key Stats for Loan Processing Manager

Gender

Female
81 %
Male
19 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.
1-4 years
32%
5-9 years
16%
10-19 years
26%
20 years or more
26%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Processing Manager Salaries

Late-Career
▲21%

Experienced
▲7%

National Average
$55,000

Mid-Career
▼5%

Entry-Level
▼22%

Job Satisfaction

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

Gender

Female
81 %
Male
19 %

Years of Experience

1-4 years
32%
5-9 years
16%
10-19 years
26%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 65%
vision benefits
Vision: 53%
no benefits
None: 12%
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