Loan Processing Manager Salary

Loan Processing Managers in the United States with more than 10 years of experience in their profession represent just over a half of Loan Processing Managers. Salaries average out to around $55K annually and spread from $36K to $88K per year. Female Loan Processing Managers far outnumber their male contemporaries among survey respondents. Though the majority of Loan Processing Managers do not report high levels of job satisfaction, most are moderately content with their role. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.

$39,926 - $87,781
$40K
$55K
$88K
MEDIAN: $55,247
10%
50%
90%

Add this chart to your site: 640px    300px

$11.23 - $34.25
$11
$17
$34
MEDIAN: $17.32
10%
50%
90%

Add this chart to your site: 640px    300px

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
$39,926 - $87,781  
   
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).
)
$35,687 - $88,211  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 41
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).
)
$35,687 - $88,211  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 12

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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

Search for more jobs:

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
90 %
Male
10 %

Job Satisfaction

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

Experience Affects Loan Processing Manager Salaries

Late-Career
▲21%

Experienced
▲8%

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
90 %
Male
10 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 73%
vision benefits
Vision: 54%
no benefits
None: 14%