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.
|Salary||$43,119 - $91,536|
|Bonus||$2,027 - $10,271|
|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|
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
Rated 4 out of 5
based on 6 votes.