Close to one-half of Loan Processing Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $36K to $86K per year, and the average comes out to $55K annually. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women account for the majority of Loan Processing Managers who took the survey — 90 percent to be exact. For the most part, people in this position report moderate levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$39,112 - $83,738
$39K
$55K
$84K
MEDIAN: $55,035
10%
50%
90%

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$11.23 - $34.25
$11
$17
$34
MEDIAN: $17.32
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$29K$58K$87K
Salary
$39,112 - $83,738  
   
Bonus
$1,555 - $20,273  
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).
)
$35,951 - $86,267  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 45
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
$11.23 - $34.25  
   
Overtime
$27.75  
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
$1,555 - $20,273  
   
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).
)
$35,951 - $86,267  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 12

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.

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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 $41K on average, people with five to 10 years benefit from a notably larger average of $53K. Loan Processing Managers with one to two decades of relevant experience report an average salary of approximately $60K. 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 $67K.

Related Job Salaries

Key Stats for Loan Processing Manager

Gender

Female
90 %
Male
10 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.
028
Less than 1 year
2%
1-4 years
28%
5-9 years
19%
10-19 years
26%
20 years or more
25%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Processing Manager Salaries

Late-Career
up arrow 22%

Experienced
up arrow 9%

National Average
$55,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 25%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
19%
10-19 years
26%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 71%
vision benefits
Vision: 54%
dental benefits
None: 15%
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