Loans Manager Salary in Saint Paul, Minnesota

What is the salary range of Loans Manager?

As of December 01, 2024, the average annual pay of Loans Manager in Saint Paul, MN is $187,056. While Salary.com is seeing that Loans Manager salary in Saint Paul, MN can go up to $232,169 or down to $128,397, but most earn between $156,352 and $210,670. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Manager in the United States.

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Salary range for a Loans Manager

$156,352 to $210,670

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What is a Loans Manager?

The Loans Manager is responsible for overseeing the loan department of a financial institution, including managing a team of loan officers and ensuring that loan applications are processed efficiently and accurately. They are also responsible for developing and implementing loan policies and procedures, as well as ensuring compliance with all relevant regulations and guidelines. The Loans Manager is also involved in evaluating loan applications, making lending decisions, and monitoring the performance of the loan portfolio. Additionally, they may be responsible for developing and maintaining relationships with clients and promoting loan products and services to potential customers. Overall, the Loans Manager plays a crucial role in the success of the loan department and the overall financial institution.

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What does a Loans Manager do?

Common responsibilities of a Loans Manager

Oversee the loan department and ensure that all loan processes and procedures are followed accurately and efficiently.

September 06, 2023

Provide training and support to loan officers and other staff members to ensure a high level of customer service and loan quality.

September 13, 2023

Monitor and manage loan delinquencies and work with borrowers to develop repayment plans.

September 22, 2023

Analyze credit reports and financial statements to assess the creditworthiness of loan applicants.

October 09, 2023

Stay informed about changes in lending regulations and industry trends to ensure compliance and best practices.

October 29, 2023

Develop and maintain relationships with external partners such as credit bureaus, appraisers, and legal counsel.

November 02, 2023

Work with loan officers to provide guidance and support in structuring and underwriting loans.

November 08, 2023

Review and approve loan applications, ensuring that all necessary documentation and information is provided.

November 09, 2023

Manage and monitor the loan portfolio to ensure that loans are performing according to established guidelines.

November 18, 2023

Develop and implement loan policies and procedures to ensure compliance with regulatory requirements.

November 19, 2023

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Loans Manager Salary By Experience Levels in Saint Paul, MN

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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.

Loans Manager Salary By Level of Education in Saint Paul, MN

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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 Loans Manager in Saint Paul, MN

Average Base Salary

Core compensation

156352

210670

187056

Average Total Cash Compensation

Includes base and annual incentives

172215

261158

213125

What is the average salary for Loans Manager in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Manager in Saint Paul, MN. The base salary for Loans Manager ranges from $156,352 to $210,670 with the average base salary of $187,056. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $172,215 to $261,158 with the average total cash compensation of $213,125.

View Average Salary for Loans Manager as table

	Average Salary	Average Salary Range
Base Salary	$187,056	$156,352 - $210,670
Bonus	$26,069	$15,864 - $50,488
Total Pay	$213,125	$172,215 - $261,158

* 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.

Loans Manager Salary Near Saint Paul, MN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Saint Paul, MN
CITY, STATE Minneapolis, MN	AVERAGE SALARY RANGE $157,000 - $211,544	COMPARE TO Saint Paul, MN
CITY, STATE Burnsville, MN	AVERAGE SALARY RANGE $156,558 - $210,948	COMPARE TO Saint Paul, MN
CITY, STATE Eden Prairie, MN	AVERAGE SALARY RANGE $156,735 - $211,186	COMPARE TO Saint Paul, MN
CITY, STATE Minnetonka, MN	AVERAGE SALARY RANGE $157,000 - $211,544	COMPARE TO Saint Paul, MN
CITY, STATE Lakeville, MN	AVERAGE SALARY RANGE $156,027 - $210,233	COMPARE TO Saint Paul, MN
CITY, STATE Rochester, MN	AVERAGE SALARY RANGE $147,731 - $199,054	COMPARE TO Saint Paul, MN

See salaries for Loans Manager in locations close to Saint Paul, MN. 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 Saint Paul, Minnesota

Saint Paul's history and growth as a landing port are tied to water. The city's defining physical characteristic, the confluence of the Mississippi and Minnesota Rivers, was carved into the region during the last ice age, as were the steep river bluffs and dramatic palisades on which the city is built. Receding glaciers and Lake Agassiz forced torrents of water from a glacial river that undercut the river valleys. The city is situated in east-central Minnesota. The Mississippi River forms a municipal boundary on part of the city's west, southwest, and southeast sides. Minneapolis, the state's ...

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

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