$64,436
Avg. Salary
$21.93
Avg. Hourly Rate

Average additional compensation:

$4,848

Bonus

$1,980

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Loan Operations Manager with Operations Management skills is $21.93 per hour.

The average pay for a Loan Operations Manager with Operations Management skills is $64,436 per year.

10%
$14.09
10%
$21.93
50%
$39.14
90%
90%
MEDIAN $21.93
10%
$45k
10%
$64k
50%
$97k
90%
90%
MEDIAN $64,436
$45,262 - $97,316
$45K
$64K
$97K
MEDIAN: $64,436
10%
50%
90%

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$14.09 - $39.14
$14
$22
$39
MEDIAN: $21.93
10%
50%
90%

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$0$98K
Salary $45,262 - $97,316
Bonus $497 - $12,094
Profit Sharing $1,980
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).
)
$44,821 - $98,303
  • Country: United States
  • Currency: USD
  • Updated: 22 Mar 2019
  • Individuals Reporting: 137
Hourly Data $0$62
Hourly Rate $14.09 - $39.14
Overtime $62.50
Annual Data $0$98K
Bonus $497 - $12,094
Profit Sharing $1,980
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).
)
$44,821 - $98,303
  • Country: United States
  • Currency: USD
  • Updated: 22 Mar 2019
  • Individuals Reporting: 20

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.

Read More...
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 $54,000 based on 14 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 $59,000 based on 27 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 $64,000 based on 43 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 $77,000 based on 33 salaries.

Key Stats for Loan Operations Manager

Gender

Female
84 %
Male
15 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.
Less than 1 year
1%
1-4 years
8%
5-9 years
17%
10-19 years
41%
20 years or more
33%

Experience Affects Loan Operations Manager Salaries

Late-Career
▲20%

Experienced
▼0%

National Average
$64,000

Mid-Career
▼9%

Entry-Level
▼16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Gender

Female
84 %
Male
15 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
17%
10-19 years
41%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 76%
vision benefits
Vision: 67%
no benefits
None: 13%