How much does a Loan Processing Manager make in the United States? The average Loan Processing Manager salary in the United States is $92,231 as of August 27, 2021, but the range typically falls between $79,022 and $105,192. 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. 

Based on HR-reported data: a national average with a geographic differential
25% $79,022 10% $66,997 90% $116,993 75% $105,192 $92,231 50%(Median)
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Check out Loan Processing Manager jobs in Virginia

Loan Officer Assistant

Atlantic Bay Mortgage Group - Achilles, VA

Loan Processor - Alexandria

The Federal Savings Bank - Alexandria, VA

Commercial Loan Portfolio Manager, C&I Banking Team

National Cooperative Bank - Arlington, VA

Remote Loan Processing Assistant

RP Professional Services - Ashburn, VA

Job Description for Loan Processing Manager

Loan Processing Manager manages the loan processing operations team that originates, processes, and closes various types of loans. Establishes processes and procedures to maintain accuracy and completeness of required documentation. Being a Loan Processing Manager develops and 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 Processing 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 Processing 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 Processing 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 2021 Salary.com)... View full job description

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Job Openings for Loan Processing Manager
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 holds more than 200 investments in 28 states with 29 operating... More
Fiscal Year Ended in 2020
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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
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
79022
105192
92231

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
86201
121800
103439
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Processing Manager in the United States. The base salary for Loan Processing Manager ranges from $79,022 to $105,192 with the average base salary of $92,231. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $86,201 to $121,800 with the average total cash compensation of $103,439.
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79022
105192

 

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Skills associated with Loan Processing Manager: Compliance Monitoring, Loan Processing, Quality Assurance Process, Banking Software ...More

Salary estimation for Loan Processing Manager at companies like : FS BANCORP INC, HIGHLANDS BANKSHARES INC /VA/, LTC PROPERTIES INC

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