How much does a Construction Loan Manager make in Lakeville, MN? The average Construction Loan Manager salary in Lakeville, MN is $176,545 as of September 01, 2024, but the range typically falls between $132,576 and $222,335. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Salary | Location | Last Updated |
10th Percentile Construction Loan Manager Salary | $92,545 | Lakeville,MN | September 01, 2024 |
25th Percentile Construction Loan Manager Salary | $132,576 | Lakeville,MN | September 01, 2024 |
50th Percentile Construction Loan Manager Salary | $176,545 | Lakeville,MN | September 01, 2024 |
75th Percentile Construction Loan Manager Salary | $222,335 | Lakeville,MN | September 01, 2024 |
90th Percentile Construction Loan Manager Salary | $264,025 | Lakeville,MN | September 01, 2024 |
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Project Management: Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.
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What Should I Pay?
Construction Loan Manager oversees construction lending officers and processes and conducts business development activities to achieve loan gain and profit objectives in a designated market. Develops relationships with builders and construction companies to obtain referrals and promote lending activity. Being a Construction Loan Manager provides operational guidance, coaching, and support to loan officers. Directs all facets of construction loan processing from origination to closing. Additionally, Construction Loan Manager reviews appraisals and credit analysis to ensure a comprehensive review process and to reduce risk. Authorizes loan requests within established limits or presents loans to loan committee for approval. Requires a bachelor's degree in area of specialty. Typically reports to a director. The Construction Loan Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Construction Loan Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description
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For Construction Loan Manager, the upper level is Vice President of Lending and then progresses to Chief Lending Officer.
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Construction Loan Manager salary varies from city to city. Compared with national average salary of Construction Loan Manager, the highest Construction Loan Manager salary is in San Francisco, CA, where the Construction Loan Manager salary is 25.0% above. The lowest Construction Loan Manager salary is in Miami, FL, where the Construction Loan Manager salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Construction Loan Officer | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Construction Manager, Sr. | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Project Engineer I - Construction | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Project Engineer II - Construction | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Project Engineer III - Construction | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Construction Loan Manager salary of your education level.
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About Lakeville, Minnesota According to the United States Census Bureau, the city has a total area of 37.83 square miles (97.98 km2), of which 36.06 square miles (93.39 km2) is ....More
Lakeville, Minnesota area prices were up 1.4% from a year ago View the Cost of Living in Lakeville, Minnesota
Construction Loan Manager Salary in popular cities: Minneapolis, Saint Paul, Rochester
Skills associated with Construction Loan Manager: Lending Operations, Due Diligence, Risk Analysis, Loan Origination ...More
Salary estimation for Construction Loan Manager at companies like : Dialysis Duluth, IDA - SAGE DISTRIBUTING CO., INC.( Inc, London Taxi Co Inc