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. 

Construction Loan Manager Salaries by Percentile
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
25% $132,576 10% $92,545 90% $264,025 75% $222,335 $176,545 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does a Construction Loan Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

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.

2.

Document Review: Document review (also known as doc review), in the context of legal proceedings, is the process whereby each party to a case sorts through and analyzes the documents and data they possess (and later the documents and data supplied by their opponents through discovery) to determine which are sensitive or otherwise relevant to the case. Document Review is a valuable main staple of the type of work performed by attorneys for their clients, though it is increasingly common for the work to be performed by specialized document review attorneys. Some types of cases that typically require large numbers of documents to be reviewed are litigation, mergers and acquisitions, and government and internal investigations (including internal audits). Regarding litigation, documents reviewed by attorneys are obtained through the discovery process, which is generally governed by rules of procedure for the presiding court. In cases in United States Federal Courts the rules related to discovery are Federal Rules of Civil Procedure (F.R.C.P.) 16, 26, 33, 34, 37, and 45 which were amended in 2006 to include electronically stored information.

3.

Microsoft Excel: Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS. It features calculation or computation capabilities, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications.

Project Management 5%
Document Review 2.5%
Microsoft Excel 2.5%
Others 90%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Construction Loan Manager higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Collaboration, you can get a 2% salary raise.
Skill Salary Demand
Collaboration
$180,076
2%
Collaboration
$180,076
2%
Collaboration
$180,076
2%
Collaboration
$180,076
2%
Last Updated on September 01, 2024
download asset banner
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Job Description for Construction Loan Manager

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

Employers: Job Description Management Tool

See user submitted job responsibilities for Construction Loan Manager.

Salary.com job board provides millions of Construction Loan Manager information for you to search for. Click on search button below to see Construction Loan Manager job openings or enter a new job title here.

Job Openings for Construction Loan Manager in Lakeville, MN
  • At OneMain, Consumer Loan Sales Specialists empower customers – listening to their needs and providing access to friendly, fast, and affordable financing f...
    - 1 Day Ago
  • At OneMain, Consumer Loan Sales Specialists empower customers – listening to their needs and providing access to friendly, fast, and affordable financing f...
    - 1 Day Ago
  • At OneMain, Consumer Loan Sales Specialists empower customers – listening to their needs and providing access to friendly, fast, and affordable financing f...
    - 1 Day Ago
  • At OneMain, Consumer Loan Sales Specialists empower customers – listening to their needs and providing access to friendly, fast, and affordable financing f...
    - 1 Day Ago
  • At OneMain, Consumer Loan Sales Specialists empower customers – listening to their needs and providing access to friendly, fast, and affordable financing f...
    - 1 Day Ago

Career Path for Construction Loan Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Construction Loan Manager, the upper level is Vice President of Lending and then progresses to Chief Lending Officer.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2023
Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Construction Loan Manager

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

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.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Construction Loan Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
132576
222335
176545

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
136491
257298
200369
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Construction Loan Manager in Lakeville, MN. The base salary for Construction Loan Manager ranges from $132,576 to $222,335 with the average base salary of $176,545. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $136,491 to $257,298 with the average total cash compensation of $200,369.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

132576
222335

 

Step 3 of 3

How much should you be paid?

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: MinneapolisSaint PaulRochester

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