Loan Manager Salary in Philadelphia, Pennsylvania

How much does a Loan Manager make?

As of December 01, 2024, the average annual pay of Loan Manager in Philadelphia, PA is $186,175. While Salary.com is seeing that Loan Manager salary in Philadelphia, PA can go up to $231,075 or down to $127,792, but most earn between $155,615 and $209,677. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Manager in the United States.

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Salary range for a Loan Manager

$155,615 to $209,677

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Loan Manager

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Job Openings for Loan Manager in Philadelphia, PA

What does a Loan Manager do?

Common responsibilities of a Loan Manager

Assist the Vice President of Lending Experience in developing short and long-term goals and plans for the Real Estate Department ensuring the plans are aligned with the vision and strategic priorities of the credit union.

August 28, 2022

Requires significant experience in Relationship Management and is typically responsible for large and complex commercial and retail banking group relationships as applicable to the line of business.

September 03, 2022

Participate and make recommendations related to staff changes, interviews and selection of new hires, internal promotions, performance evaluations, recognition, employee relations issues, and disciplinary actions.

December 24, 2022

Provide leadership in enhancing loan servicing activities to deliver an exceptional Member experience and deliver exceptional service to other areas including Branches, Call Center and Member Services/Support.

February 14, 2023

Monitors quality of loans originated in branch and adheres to compliance regulations with federal, state, regulatory, and company policy and procedures.

February 22, 2023

Prepare and deliver regular, ongoing meetings with the Processing Department along with managing the timeline of a loan from application through funding to insure we are setting and meeting expectations.

March 23, 2023

Review loan applications and documentation to ensure accuracy, completeness and compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.

March 26, 2023

Develop and maintain automated tools that will ensure efficient monitoring of trends and scoring of risk to provide a consistent approach to each of the team's loan reviews and to identify areas of focus.

April 04, 2023

Demonstrate the standards and principles of the Five Star experience in every interaction with internal and external customers, associates, and stakeholders.

April 16, 2023

Manage day to day activities of the Loan Servicing department including, but not limited to, management of staff, loan setup, payment processing, CPI, escrow set up and maintenance, Investor reporting/remittance, DMV processing, payoffs and general loan maintenance.

May 19, 2023

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Loan Manager Salary By Experience Levels in Philadelphia, PA

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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 Manager Salary By Level of Education in Philadelphia, PA

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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 Manager in Philadelphia, PA

Average Base Salary

Core compensation

155615

209677

186175

Average Total Cash Compensation

Includes base and annual incentives

171404

259928

212121

What is the average salary for Loan Manager in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Manager in Philadelphia, PA. The base salary for Loan Manager ranges from $155,615 to $209,677 with the average base salary of $186,175. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $171,404 to $259,928 with the average total cash compensation of $212,121.

View Average Salary for Loan Manager as table

	Average Salary	Average Salary Range
Base Salary	$186,175	$155,615 - $209,677
Bonus	$25,946	$15,789 - $50,250
Total Pay	$212,121	$171,404 - $259,928

* 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 Manager Salary Near Philadelphia, PA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Philadelphia, PA
CITY, STATE Camden, NJ	AVERAGE SALARY RANGE $156,381 - $210,710	COMPARE TO Philadelphia, PA
CITY, STATE West Chester, PA	AVERAGE SALARY RANGE $154,436 - $208,089	COMPARE TO Philadelphia, PA
CITY, STATE Doylestown, PA	AVERAGE SALARY RANGE $160,239 - $215,908	COMPARE TO Philadelphia, PA
CITY, STATE Trenton, NJ	AVERAGE SALARY RANGE $160,731 - $216,571	COMPARE TO Philadelphia, PA
CITY, STATE Wilmington, DE	AVERAGE SALARY RANGE $154,731 - $208,486	COMPARE TO Philadelphia, PA
CITY, STATE New Castle, DE	AVERAGE SALARY RANGE $154,731 - $208,486	COMPARE TO Philadelphia, PA

See salaries for Loan Manager in locations close to Philadelphia, PA. 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 Philadelphia, Pennsylvania

Philadelphia, sometimes known colloquially as Philly, is the largest city in the U.S. state and Commonwealth of Pennsylvania, and the sixth-most populous U.S. city, with a 2017 census-estimated population of 1,580,863. Since 1854, the city has been coterminous with Philadelphia County, the most populous county in Pennsylvania and the urban core of the eighth-largest U.S. metropolitan statistical area, with over 6 million residents as of 2017[update]. Philadelphia is also the economic and cultural anchor of the greater Delaware Valley, located along the lower Delaware and Schuylkill Rivers, wit...

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

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