Loan Processing Manager Salary

Loan Processing Managers who are practiced in their profession and carry more than 10 years of experience make up slightly less than three-fifths of Loan Processing Managers. Pay fluctuates from $30K to $85K per year, but expected earnings average $58K per year. Most workers in this position report high levels of job satisfaction. Although a fair number have medical coverage and more than half have dental coverage, close to one-fifth claim no health benefits at all. The vast majority (80 percent) of Loan Processing Managers who took the survey are female. Respondents to the PayScale salary survey provided the data for this report.

$36,812 - $85,506
(Median)
$37K
$58K
$86K
MEDIAN: $58,388
10%
50%
90%

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$8.21 - $29.36
(Median)
$8
$16
$29
MEDIAN: $15.00
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$29K$58K$87K
Salary
$36,812 - $85,506  
   
Bonus
$494.93 - $20,203  
Profit Sharing
$1,965 - $5,087  
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 - $85,170  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 54
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$15$30$45
Hourly Rate
$8.21 - $29.36  
   
Overtime
$29.48 - $41.10  
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$30K$60K$90K
Bonus
$494.93 - $20,203  
   
Profit Sharing
$1,965 - $5,087  
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 - $85,170  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 12
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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 who reported more years of relevant experience also reported higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $40K, but folks who have racked up five to 10 years see a notably higher median of $53K. Loan Processing Managers bring in $64K after working for 10 to 20 years. Loan Processing Managers who have spent more than 20 years on the job report earning a significantly higher median of $81K.

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Experience Affects Loan Processing Manager Salaries

Late-Career
up arrow 38%

Experienced
up arrow 10%

National Average
$59,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 31%

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
15%
5-9 years
24%
10-19 years
41%
20 years or more
15%

Common Health Benefits

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