How much does a Loan Servicing Manager make in New Jersey? The average Loan Servicing Manager salary in New Jersey is $97,713 as of February 26, 2024, but the range typically falls between $82,012 and $116,663. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Loan Servicing Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Servicing Manager Salary $67,717 NJ February 26, 2024
25th Percentile Loan Servicing Manager Salary $82,012 NJ February 26, 2024
50th Percentile Loan Servicing Manager Salary $97,713 NJ February 26, 2024
75th Percentile Loan Servicing Manager Salary $116,663 NJ February 26, 2024
90th Percentile Loan Servicing Manager Salary $133,916 NJ February 26, 2024
25% $82,012 10% $67,717 90% $133,916 75% $116,663 $97,713 50%(Median) Didn’t find job title? Click
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Check out Loan Servicing Manager jobs in New Jersey

Commercial Loan Closer

SLATT CAPITAL - Burlingame, CA

Real Estate Loan Officer

Pacific Service Credit Union - Concord, CA

Loan Servicer

First Community Credit Union of Oregon - Coquille, OR

What skills does a Loan Servicing 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.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

Payment Processing: Completing transfer of funds from the transaction to the merchant's account.

Customer Service 0.06%
Futures 0.02%
Payment Processing 0.01%
Others 99.91%

Job Description for Loan Servicing Manager

Loan Servicing Manager manages the loan servicing function to deliver efficient collections, escrow, and cashiering operations. Establishes processes and procedures to maintain accuracy and completeness of required documentation. Being a Loan Servicing Manager sets operating performance metrics and standards for speed, quality, and customer service. Oversees the preparation of reporting for internal departments and external agencies. Additionally, Loan Servicing Manager coordinates audit requests and processes. Develops training and communication mechanisms that inform the team of regulatory requirements and updates. Typically requires a bachelor's degree. Typically reports to a senior manager or head of a unit/department. The Loan Servicing Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Loan Servicing Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Servicing Manager in New Jersey

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Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $100,473 Date Updated February 26, 2024
Location Bergenfield, NJ Avg. Salary $102,248 Date Updated February 26, 2024
Location Bloomfield, NJ Avg. Salary $102,337 Date Updated February 26, 2024
Location East Brunswick, NJ Avg. Salary $100,349 Date Updated February 26, 2024
Location Hoboken, NJ Avg. Salary $104,290 Date Updated February 26, 2024
Location Irvington, NJ Avg. Salary $100,473 Date Updated February 26, 2024
Location Lakewood, NJ Avg. Salary $99,045 Date Updated February 26, 2024
Location Middlesex, NJ Avg. Salary $99,586 Date Updated February 26, 2024
Location Passaic, NJ Avg. Salary $102,337 Date Updated February 26, 2024
Location Union, NJ Avg. Salary $100,473 Date Updated February 26, 2024
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Jobs with a similar salary range to Loan Servicing Manager : Escrow Funder, Mortgage Servicing Manager, Plm Project Manager

Loan Servicing Manager Salary in New Jersey
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