$68,087
Avg. Salary
$22.05
Avg. Hourly Rate

Average additional compensation:

$6,831

Bonus

$3,000

Profit Sharing

$7,000

Commission

What am I worth?
How should I pay?

The average pay for a Lending Manager is $22.05 per hour.

The average pay for a Lending Manager is $68,087 per year.

$17.19
10%
$22.05
50%
$30.30
90%
MEDIAN $22.05
$47k
10%
$68k
50%
$88k
90%
MEDIAN $68,087
$47,316 - $88,116
$47K
$68K
$88K
MEDIAN: $68,087
10%
50%
90%

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$17.19 - $30.30
$17
$22
$30
MEDIAN: $22.05
10%
50%
90%

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$0$94K
Salary $47,316 - $88,116
Bonus $1,188 - $15,075
Profit Sharing $0.00 - $6,953
Commission $7,000
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).
)
$47,209 - $94,997
  • Country: United States
  • Currency: USD
  • Updated: 19 Feb 2019
  • Individuals Reporting: 146
Hourly Data $0$35
Hourly Rate $17.19 - $30.30
Overtime $35.00
Annual Data $0$94K
Bonus $1,188 - $15,075
Commission $7,000
Profit Sharing $0.00 - $6,953
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).
)
$47,209 - $94,997
  • Country: United States
  • Currency: USD
  • Updated: 19 Feb 2019
  • Individuals Reporting: 11

Job Description for Lending Manager

Lending managers work in financial institutions and are responsible for all employees and activities within their department. They are also responsible for coordinating and scheduling work for employees to reduce processing-times for loan applications and keep employees busy to avoid congestion.

Read More...
Lending Manager Tasks
  • Develop and implement strategies to improve loan department efficiency and meet sales targets.
  • Supervise lenders processing loan applications, manage work flow, and ensure compliance with regulations.
  • Generate new business through sales outreach.
  • Hire, train, evaluate, and discipline lending staff.

Lending Manager Job Listings

Popular Skills for Lending Manager

Pay by Experience Level for Lending Manager

Pay by Experience for a Lending Manager has a positive trend. An entry-level Lending Manager with less than 5 years of experience can expect to earn an average total compensation of $64,000 based on 12 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Lending Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $71,000 based on 29 salaries. An experienced Lending Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $67,000 based on 41 salaries. A Lending Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $75,000 based on 14 salaries.

Lending Manager Reviews

Q: What is it like working as a Lending Manager?

Lending Manager in Woodbridge:
"Good."
Pros: Convenience in travel from my home.
Cons: Traffic.

Lending Manager in Baton Rouge:
Learn the importance of working laterally with other Departments through - out the company. Recognize the bigger picture and how what you do to your department can impact other departments and their people without realizing it.

Related Job Salaries

Key Stats for Lending Manager

Gender

Female
46 %
Male
54 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.
1-4 years
13%
5-9 years
25%
10-19 years
39%
20 years or more
22%

Experience Affects Lending Manager Salaries

Late-Career
▲6%

Mid-Career
▼0%

National Average
$71,000

Experienced
▼5%

Entry-Level
▼11%

Skills That Affect Lending Manager Salaries

People Management
▲27%

Customer Relationship Management (CRM)
▲17%

National Average
$71,000


Mortgage Loans
▼19%

Operations Management
▼23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

1-4 years
13%
5-9 years
25%
10-19 years
39%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 87%
vision benefits
Vision: 78%
no benefits
None: 10%