Loan Processing Manager Salary

The average Loan Processing Manager in the United States earns approximately $55K per year. Medical benefits are awarded to a large number, and the larger part earn dental coverage. Work is reasonably fulfilling for most Loan Processing Managers — the majority report average levels of job satisfaction. Men are in the minority of survey respondents, with female Loan Processing Managers making up 73 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$39,734 - $78,939
$40K
$55K
$79K
MEDIAN: $54,578
10%
50%
90%

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$14.96 - $28.20
$19
MEDIAN: $19.22
50%

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$0$80K
Salary $39,734 - $78,939
Bonus $1,566 - $19,727
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).
)
$37,051 - $80,070
  • Country: United States
  • Currency: USD
  • Updated: 22 Sep 2017
  • Individuals Reporting: 43
Hourly Data $0$28
Hourly Rate $19.22
Overtime $27.00
Annual Data $0$80K
Bonus $1,566 - $19,727
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).
)
$37,051 - $80,070
  • Country: United States
  • Currency: USD
  • Updated: 22 Sep 2017
  • Individuals Reporting: 9

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Loan Processing Manager

  • Determine loan processing, approval, and closure processes and guidelines.
  • Report on budget, technology, accounts, staff, and regulatory compliance.
  • Oversee budget and track metrics for profitability and repayment of different types of loans.
  • Train and oversee a team, providing assistance, training and clarification.

Loan Processing Manager Job Listings

Pay by Experience Level for Loan Processing Manager

Pay by Experience for a Loan Processing Manager has a positive trend. An entry-level Loan Processing Manager with less than 5 years of experience can expect to earn an average total compensation of $43,000 based on 19 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loan Processing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 15 salaries. An experienced Loan Processing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 18 salaries. A Loan Processing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $67,000 based on 14 salaries.

Related Job Salaries

Key Stats for Loan Processing Manager

Gender

Female
75 %
Male
25 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.
1-4 years
37%
5-9 years
15%
10-19 years
23%
20 years or more
25%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Loan Processing Manager Salaries

Late-Career
▲20%

Experienced
▲7%

National Average
$56,000

Mid-Career
▼6%

Entry-Level
▼23%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 5 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

1-4 years
37%
5-9 years
15%
10-19 years
23%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 71%
vision benefits
Vision: 58%
no benefits
None: 8%
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