$73,177
Avg. Salary
$25.37
Avg. Hourly Rate

Average additional compensation:

$4,880

Bonus

$3,750

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Loan Operations Manager with Commercial Loans skills is $25.37 per hour.

The average pay for a Loan Operations Manager with Commercial Loans skills is $73,177 per year.

$0.00
10%
$25.37
50%
$0.00
90%
MEDIAN $25.37
$45k
10%
$73k
50%
$124k
90%
MEDIAN $73,177
$45,065 - $124,498
$45K
$73K
$120K
MEDIAN: $73,177
10%
50%
90%

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$0$124K
Salary $45,065 - $124,498
Bonus $304 - $12,627
Profit Sharing $3,750
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).
)
$46,238 - $124,869
  • Country: United States
  • Currency: USD
  • Updated: 11 Feb 2019
  • Individuals Reporting: 17

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

Key Stats for Loan Operations Manager

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 8 votes.
1-4 years
5%
5-9 years
14%
10-19 years
38%
20 years or more
43%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 8 votes.

Years of Experience

1-4 years
5%
5-9 years
14%
10-19 years
38%
20 years or more
43%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 76%
vision benefits
Vision: 76%
no benefits
None: 10%