Loan Processing Manager Salary

Loan Processing Managers in the United States with more than 10 years of experience in their profession represent a little more than half of Loan Processing Managers. Salaries average out to around $58K annually and spread from $30K to $83K per year. Most workers in this position report high levels of job satisfaction. Female Loan Processing Managers make up most of the survey respondents at 78 percent. Just over one in five of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and the larger part claim dental coverage as well. The numbers in this rundown were provided by PayScale's salary survey participants.

$35,752 - $80,919
(Median)
$36K
$58K
$81K
MEDIAN: $58,388
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
$35,752 - $80,919  
   
Bonus
$491.32 - $20,000  
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).
)
$30,160 - $83,157  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 46
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
$491.32 - $20,000  
   
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).
)
$30,160 - $83,157  
Country: United States | Currency: USD | Updated: 31 Mar 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.

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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. Relatively untried employees who have less than five years' experience make $40K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $54K. Loan Processing Managers bring in $65K after working for 10 to 20 years. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $77K.

United States (change)

Experience Affects Loan Processing Manager Salaries

Late-Career
up arrow 31%

Experienced
up arrow 11%

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
78 %
Male
22 %

Years of Experience

Less than 1 year
5%
1-4 years
18%
5-9 years
25%
10-19 years
41%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 66%
vision benefits Vision: 51% employee benefits None: 23%