Loan Administration Manager Salary in Grand Rapids, MI

How much does a Loan Administration Manager make in Grand Rapids, MI?

As of March 01, 2025, the average annual salary for a Loan Administration Manager in Grand Rapids, MI is $61,213. Salary.com reports that pay typically ranges from $54,626 to $68,198, with most professionals earning between $48,629 and $74,557.

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Salary range for a Loan Administration Manager

$54,626 to $68,198

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Loan Administration Manager

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Job Openings for Loan Administration Manager in Grand Rapids, MI

What does a Loan Administration Manager do?

Common responsibilities of a Loan Administration Manager

Assist loan officers and credit analysts in interpreting and evaluating the construction draw process and the construction draw files.

September 13, 2022

Works well in a team environment.

January 28, 2023

Manage the pipeline of approved commercial loans and closing team to schedule closings based on Business Unit priorities and available resources necessary to ensure thorough review of loan files are completed prior to closing, funding and boarding all new or renewed loans.

April 15, 2023

Develop and maintain construction loan draw files which include project budgets, individual construction draws, draw balancing, site inspections, title escrow agreements and subsequent title information (for example lien waivers, sworn owners and sworn contractors statements).

May 08, 2023

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Loan Administration Manager Salary By Experience Levels in Grand Rapids, MI

How much should you be earning in Loan Administration Manager in Grand Rapids, MI based on your current experience?

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Loan Administration Manager Salary By Level of Education in Grand Rapids, MI

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Loan Administration Manager in Grand Rapids, MI

Average Base Salary

Core compensation

54626

68198

61213

Average Total Cash Compensation

Includes base and annual incentives

56085

71130

62739

What is the average salary for Loan Administration Manager in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Administration Manager in Grand Rapids, MI. The base salary for Loan Administration Manager ranges from $54,626 to $68,198 with the average base salary of $61,213. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,085 to $71,130 with the average total cash compensation of $62,739.

View Average Salary for Loan Administration Manager as table

	Average Salary	Average Salary Range
Base Salary	$61,213	$54,626 - $68,198
Bonus	$1,525	$1,459 - $2,933
Total Pay	$62,739	$56,085 - $71,130

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Loan Administration Manager Salary Near Grand Rapids, MI

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Grand Rapids, MI
CITY, STATE Wyoming, MI	AVERAGE SALARY RANGE $54,615 - $68,184	COMPARE TO Grand Rapids, MI
CITY, STATE Muskegon, MI	AVERAGE SALARY RANGE $52,672 - $65,758	COMPARE TO Grand Rapids, MI
CITY, STATE Kalamazoo, MI	AVERAGE SALARY RANGE $54,957 - $68,610	COMPARE TO Grand Rapids, MI
CITY, STATE Battle Creek, MI	AVERAGE SALARY RANGE $55,809 - $69,674	COMPARE TO Grand Rapids, MI
CITY, STATE Lansing, MI	AVERAGE SALARY RANGE $54,513 - $68,057	COMPARE TO Grand Rapids, MI
CITY, STATE Benton Harbor, MI	AVERAGE SALARY RANGE $54,485 - $68,022	COMPARE TO Grand Rapids, MI

See salaries for Loan Administration Manager in locations close to Grand Rapids, MI. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Grand Rapids, Michigan

Grand Rapids is the second-largest city in Michigan, and the largest city in West Michigan. It is on the Grand River about 30 miles (48 km) east of Lake Michigan. As of the 2010 census, the city population was 188,040. In 2010, the Grand Rapids metropolitan area had a population of 1,005,648, and the combined statistical area of Grand Rapids-Muskegon-Holland had a population of 1,321,557. Grand Rapids is the county seat of Kent County. A historic furniture-manufacturing center, Grand Rapids is home to five of the world's leading office furniture companies, and is nicknamed Furniture City. Its ...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Loan Administration Manager in Grand Rapids, MI

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Loan Administration	LOCATION Grand Rapids, MI	MINIMUM SALARY $40,232	MAXIMUM SALARY $51,310
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JOB TITLE Loan Administration Specialist	LOCATION Grand Rapids, MI	MINIMUM SALARY $42,959	MAXIMUM SALARY $52,886
JOB TITLE SBA Loan Officer	LOCATION Grand Rapids, MI	MINIMUM SALARY $91,691	MAXIMUM SALARY $118,500
JOB TITLE Middle Market Loan Administration Specialist	LOCATION Grand Rapids, MI	MINIMUM SALARY $54,800	MAXIMUM SALARY $66,200
JOB TITLE Manager, Administration	LOCATION Grand Rapids, MI	MINIMUM SALARY $131,286	MAXIMUM SALARY $173,592

The Loan Administration Manager job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Grand Rapids, MI that might be a good fit for the type of job and salary you are looking for.

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54626

68198

About Grand Rapids, Michigan Grand Rapids is the second-largest city in Michigan, and the largest city in West Michigan. It is on the Grand River about 30 miles (48 km) east of La....More

Grand Rapids, Michigan area prices were up 1.3% from a year ago

Loan Administration Manager Salary in popular cities: Detroit, Warren, Sterling Heights

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