Loan Processing Manager Salary

Loan Processing Managers in the United States tend to have a good amount of experience under their belt — half have more than 10 years in the field. While pay runs from $34K to $88K per year, median earnings come to $60K per year. Job satisfaction is high and work is enjoyable for most Loan Processing Managers. There are far more female Loan Processing Managers who answered the questionnaire than men, making up 80 percent. Approximately one-fifth of professionals in this line of work do not receive benefits; however, a fair number report medical coverage and more than half claim dental coverage as well. The data for this synopsis comes from respondents who took the PayScale salary survey.

$36,812 - $86,405
(Median)
$37K
$60K
$86K
MEDIAN: $60,099
10%
50%
90%

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$10.67 - $30.91
(Median)
$11
$16
$31
MEDIAN: $16.00
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$30K$60K$90K
Salary
$36,812 - $86,405  
   
Bonus
$500 - $19,000  
Profit Sharing
$3,000  
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).
)
$34,151 - $88,022  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 64
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
$10.67 - $30.91  
   
Overtime
$34.06  
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
$500 - $19,000  
   
Profit Sharing
$3,000  
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).
)
$34,151 - $88,022  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 16
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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.

Loan Processing Manager Job Listings

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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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Respondents with less than five years' experience take home $41K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $54K. People with 10 to 20 years of experience make an average of about $64K in this role. Old hands who claim more than two decades on the job enjoy average earnings of $79K.

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Experience Affects Loan Processing Manager Salaries

Late-Career
up arrow 32%

Experienced
up arrow 7%

National Average
$60,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 32%

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
20%
5-9 years
24%
10-19 years
33%
20 years or more
19%

Common Health Benefits

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