Loan Manager Salary in Rockford, Illinois

How much does a Loan Manager make in Rockford, IL?

As of April 01, 2025, the average annual salary for a Loan Manager in Rockford, IL is $171,118. Salary.com reports that pay typically ranges from $143,024 to $192,725, with most professionals earning between $117,445 and $212,398.

Search Loan Manager Jobs in Rockford, IL

Develop a Job description

Pay Equity

2024 Compensation Trend

Benefits Consulting

Salary range for a Loan Manager

$143,024 to $192,725

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Loan Manager Salary:
Select State
Select City in IL
Choose Similar Job
Pick Related Category
View Cost of Living in Rockford, Illinois

Facing Salary Structure Challenges? Let Our Expert Guide You

The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.

We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Loan Manager

Review the job openings and experience requirements for the Loan Manager job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Loan Manager.

Search Loan Manager Job Openings

Job Openings for Loan Manager in Rockford, IL

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

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Loan Manager Salary By Experience Levels in Rockford, IL

How much should you be earning in Loan Manager in Rockford, IL based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Loan Manager in Rockford, IL

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 Rockford, IL

Do you know how much should you be paid for a Loan Manager position in Rockford, IL based on your education level?

Tell us about your education and see an estimate of earnings for Loan Manager in Rockford, IL and well to know the impact of education on future careers.

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 Rockford, IL

Average Base Salary

Core compensation

143024

192725

171118

Average Total Cash Compensation

Includes base and annual incentives

157532

238916

194967

What is the average salary for Loan 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 Manager in Rockford, IL. The base salary for Loan Manager ranges from $143,024 to $192,725 with the average base salary of $171,118. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $157,532 to $238,916 with the average total cash compensation of $194,967.

View Average Salary for Loan Manager as table

	Average Salary	Average Salary Range
Base Salary	$171,118	$143,024 - $192,725
Bonus	$23,848	$14,509 - $46,190
Total Pay	$194,967	$157,532 - $238,916

* 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 Rockford, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Rockford, IL
CITY, STATE Janesville, WI	AVERAGE SALARY RANGE $143,395 - $193,226	COMPARE TO Rockford, IL
CITY, STATE Elgin, IL	AVERAGE SALARY RANGE $150,908 - $203,350	COMPARE TO Rockford, IL
CITY, STATE Hoffman Estates, IL	AVERAGE SALARY RANGE $152,126 - $204,991	COMPARE TO Rockford, IL
CITY, STATE Aurora, IL	AVERAGE SALARY RANGE $152,260 - $205,171	COMPARE TO Rockford, IL
CITY, STATE Madison, WI	AVERAGE SALARY RANGE $146,290 - $197,127	COMPARE TO Rockford, IL
CITY, STATE Wheaton, IL	AVERAGE SALARY RANGE $151,384 - $203,990	COMPARE TO Rockford, IL

See salaries for Loan Manager in locations close to Rockford, IL. 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 Rockford, Illinois

Rockford is a city in Winnebago County in the U.S. state of Illinois, in far northern Illinois. Located on the banks of the Rock River, Rockford is the county seat of Winnebago County (a small portion of the city is located in Ogle County). The largest city in Illinois outside of the Chicago metropolitan area, Rockford is the third-largest city in the state and the 171st most populous in the United States According to 2010 U.S. Census Data, the City of Rockford had a population of 152,871, with an outlying metropolitan area population of 348,360. The City of Rockford's population is 147,051...

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

View Salary for Similar Jobs to Loan Manager in Rockford, IL

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Loan Examiner Manager	LOCATION Rockford, IL	MINIMUM SALARY $115,594	MAXIMUM SALARY $142,154
JOB TITLE Commercial Loan Review Manager	LOCATION Rockford, IL	MINIMUM SALARY $130,703	MAXIMUM SALARY $156,143
JOB TITLE Loan Review Manager	LOCATION Rockford, IL	MINIMUM SALARY $115,650	MAXIMUM SALARY $138,159
JOB TITLE Consumer Loan Collection Manager	LOCATION Rockford, IL	MINIMUM SALARY $91,485	MAXIMUM SALARY $108,829
JOB TITLE Loan Workout Manager	LOCATION Rockford, IL	MINIMUM SALARY $127,806	MAXIMUM SALARY $167,451
JOB TITLE Loan Servicing Manager	LOCATION Rockford, IL	MINIMUM SALARY $78,267	MAXIMUM SALARY $100,851

The Loan 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 Rockford, IL that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.