Loan Administration Manager Salary

Just below three-fifths of Loan Administration Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $41K to $92K per year, but median earnings come to around $62K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. Most Loan Administration Managers survey respondents are women (78 percent). Among folks in this role, job satisfaction levels approximately match the national average. Medical benefits are awarded to a large number, and the larger part earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.

$43,119 - $91,536
$43K
$63K
$92K
MEDIAN: $63,351
10%
50%
90%

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$0$93K
Salary $43,119 - $91,536
Bonus $2,027 - $10,271
Profit Sharing $3,500
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).
)
$40,685 - $93,784
  • Country: United States
  • Currency: USD
  • Updated: 22 Sep 2017
  • Individuals Reporting: 33

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Loan Administration Manager

  • Manage loan production activities and operations, overseeing loan processing and reviewing documentation.
  • Provide cross-functional support to customer facing teams to ensure loan administration and closing transactions.
  • Assist in the development and implementation of loan administration procedures, policies, and budgets.
  • Build and manage loan administration team, conducting hiring, training, supervising, and performance evaluations.

Loan Administration Manager Job Listings

Pay by Experience Level for Loan Administration Manager

Pay by Experience for a Loan Administration Manager has a positive trend. An entry-level Loan Administration Manager with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 17 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Administration Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 30 salaries. An experienced Loan Administration Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $74,000 based on 34 salaries. A Loan Administration Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $84,000 based on 16 salaries.

Related Job Salaries

Key Stats for Loan Administration Manager

Gender

Female
88 %
Male
13 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.
1-4 years
14%
5-9 years
22%
10-19 years
43%
20 years or more
22%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Administration Manager Salaries

Late-Career
▲29%

Experienced
▲13%

National Average
$65,000

Mid-Career
▼9%

Entry-Level
▼29%

Skills That Affect Loan Administration Manager Salaries

Mortgage Loans
▲24%

People Management
▲23%

Operations Management
▲13%

National Average
$65,000

Commercial Loans
▼21%

Loan Processing
▼31%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
88 %
Male
13 %

Years of Experience

1-4 years
14%
5-9 years
22%
10-19 years
43%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 68%
vision benefits
Vision: 57%
no benefits
None: 11%
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