$63,400
Avg. Salary
$20.96
Avg. Hourly Rate

Average additional compensation:

$4,500

Bonus

$1,977

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Loan Operations Manager with Loan Processing skills is $20.96 per hour.

The median Loan Operations Manager has a base pay of $63,400. Salaries generally range from $45k to $95k. The median bonus is $4,500. Skills that can affect salary include Loan Processing.
$12.26
10%
$20.96
50%
$35.58
90%
MEDIAN $20.96
$45k
10%
$63k
50%
$95k
90%
MEDIAN $63,400
$45,184 - $95,018
$45K
$63K
$95K
MEDIAN: $63,400
10%
50%
90%

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$12.26 - $35.58
$12
$21
$36
MEDIAN: $20.96
10%
50%
90%

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$0$95K
Salary $45,184 - $95,018
Bonus $985 - $11,848
Profit Sharing $1,977
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).
)
$44,946 - $95,842
  • Country: United States
  • Currency: USD
  • Updated: 11 Feb 2019
  • Individuals Reporting: 104
Hourly Data $0$62
Hourly Rate $12.26 - $35.58
Overtime $62.50
Annual Data $0$95K
Bonus $985 - $11,848
Profit Sharing $1,977
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).
)
$44,946 - $95,842
  • Country: United States
  • Currency: USD
  • Updated: 11 Feb 2019
  • Individuals Reporting: 12

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 $60,000 based on 12 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 $63,000 based on 19 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 34 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 $68,000 based on 20 salaries.

Key Stats for Loan Operations Manager

Gender

Female
80 %
Male
20 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.
Less than 1 year
2%
1-4 years
8%
5-9 years
17%
10-19 years
42%
20 years or more
31%

Experience Affects Loan Operations Manager Salaries

Late-Career
▲8%

Experienced
▲4%

Mid-Career
▼0%

National Average
$63,000

Entry-Level
▼5%

Job Satisfaction

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

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
2%
1-4 years
8%
5-9 years
17%
10-19 years
42%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 75%
vision benefits
Vision: 68%
no benefits
None: 13%