The average pay for a Lending Manager with Loan Officer Training skills is $23.00 per hour.
The average pay for a Lending Manager with Loan Officer Training skills is $73,834 per year.
|Salary||$46,990 - $91,095|
|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).)
|$46,823 - $99,327|
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 managers must ensure that their employees comply with all government regulations, which may require teaching them about regulations, reporting any updates, and encouraging them to attend ongoing education courses. Lending officers must also keep all records organized to ensure compliance with government regulations, and some may need to supervise interactions with customers during business hours to ensure quality customer service.
Lending managers are often tasked with setting and enforcing policies in their department, as well as training new staff and disciplining those who are not in compliance with policies or regulations. They have the power to issue written and verbal warnings, require staff to participate in additional training, and even fire employees who are repeat offenders.
Lending managers are expected to be the first employees in and out of work to ensure that all operations are handled smoothly, and computer skills including with Microsoft Word and Excel are often necessary for this position. Most institutions require lending managers to have at least three to four years of prior experience in a financial institution, and a high school diploma is often a minimum requirement while some employers may prefer those who have a bachelor's or master's degree. (Copyright 2019 PayScale.com)
- 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
Key Stats for Lending Manager
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