Loan Operations Manager Salary

The average salary for a Loan Operations Manager is $61,650 per year. The highest paying skills associated with this job are Commercial Loans and Mortgage Loans.

$46,064 - $100,985
$46K
$63K
$100K
MEDIAN: $63,336
10%
50%
90%

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$15.75 - $40.84
$16
$22
$41
MEDIAN: $21.92
10%
50%
90%

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$0$104K
Salary $46,064 - $100,985
Bonus $1,010 - $12,225
Profit Sharing $2,017
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).
)
$44,962 - $104,195
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 110
Hourly Data $0$60
Hourly Rate $15.75 - $40.84
Overtime $60.50
Annual Data $0$104K
Bonus $1,010 - $12,225
Profit Sharing $2,017
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).
)
$44,962 - $104,195
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 10

Job Description for Loan Operations Manager

Loan operations managers work primarily for financial institutions, such as banks, credit unions, and mortgage lending companies, to manage loan operations and consumer and/or business loan support staff. They must ensure that document preparation and loan processing are completed in a timely manner, and they may also oversee post-closing and customer service and train staff within a department.

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Loan Operations 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.

Loan Operations Manager Job Listings

Pay by Experience Level for Loan Operations Manager

Pay by Experience for a Loan Operations Manager has a positive trend. An entry-level Loan Operations Manager with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 31 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Operations Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $57,000 based on 51 salaries. An experienced Loan Operations Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $66,000 based on 69 salaries. A Loan Operations Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $72,000 based on 48 salaries.

Related Job Salaries

Key Stats for Loan Operations Manager

Gender

Female
82 %
Male
18 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.
Less than 1 year
2%
1-4 years
7%
5-9 years
24%
10-19 years
43%
20 years or more
24%

Experience Affects Loan Operations Manager Salaries

▲12%

▲3%

National Average
$64,000

▼10%

▼19%

Skills That Affect Loan Operations Manager Salaries

Commercial Loans
▲72%

Mortgage Loans
▲16%

Loan Documents
▲6%


People Management
▼0%

National Average
$64,000


Loan Underwriting
▼2%

Regulatory Compliance
▼12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
2%
1-4 years
7%
5-9 years
24%
10-19 years
43%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 77%
vision benefits
Vision: 67%
no benefits
None: 15%