Loan Processing Manager Salary
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.
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
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
Rated 4 out of 5
based on 6 votes.