How much does a Loan Processing Manager make in Maine? The average Loan Processing Manager salary in Maine is $96,791 as of February 26, 2024, but the range typically falls between $82,919 and $110,386. 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 Processing Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Processing Manager Salary $70,289 ME February 26, 2024
25th Percentile Loan Processing Manager Salary $82,919 ME February 26, 2024
50th Percentile Loan Processing Manager Salary $96,791 ME February 26, 2024
75th Percentile Loan Processing Manager Salary $110,386 ME February 26, 2024
90th Percentile Loan Processing Manager Salary $122,765 ME February 26, 2024
25% $82,919 10% $70,289 90% $122,765 75% $110,386 $96,791 50%(Median) Didn’t find job title? Click
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What skills does a Loan Processing 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.

Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.

3.

Service Quality: Service quality is a measure of how an organization delivers its services compared to the expectations of its customers.

Customer Service 7.14%
Mortgage Lending 1.59%
Service Quality 1.19%
Others 90.08%

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 2024 Salary.com)... View full job description

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Job Openings for Loan Processing Manager in Maine

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Location Avg. Salary Date Updated
Location Saco, ME Avg. Salary $98,829 Date Updated February 26, 2024
Location Windham, ME Avg. Salary $98,963 Date Updated February 26, 2024
Location Abbot, ME Avg. Salary $90,754 Date Updated February 26, 2024
Location Acton, ME Avg. Salary $101,117 Date Updated February 26, 2024
Location Addison, ME Avg. Salary $90,754 Date Updated February 26, 2024
Location Albion, ME Avg. Salary $90,754 Date Updated February 26, 2024
Location Alfred, ME Avg. Salary $100,539 Date Updated February 26, 2024
Location Alna, ME Avg. Salary $98,026 Date Updated February 26, 2024
Location Andover, ME Avg. Salary $98,026 Date Updated February 26, 2024
Location Anson, ME Avg. Salary $90,754 Date Updated February 26, 2024
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Jobs with a similar salary range to Loan Processing Manager : Mortgage Loan Manager, Loan Processor Manager

Loan Processing Manager Salary in Maine
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