A person working as a Loan Processing Manager in United States of America will on average earn $68958 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $68,958.00 |
| Weekly salary | $1,326.12 |
| Daily salary | $188.93 |
| Hourly salary | $23.62 |
This means loan processing manager salary is above average!
Job Industry: finance
Description: A loan processing manager is responsible for overseeing the loan application and approval process within a financial institution. They manage a team of loan processors, ensuring that all loan applications are reviewed, verified, and processed efficiently and accurately. The loan processing manager works closely with loan officers, underwriters, and other departments to gather necessary documentation, assess applicant eligibility, and ensure compliance with lending regulations. They also monitor loan pipeline, track loan progress, and resolve any issues or discrepancies that may arise during the loan processing cycle. Additionally, they may be involved in training and mentoring loan processors, implementing process improvements, and analyzing loan data to identify trends and areas for improvement.
Tagged with: Loan processing manager, Loan application, Loan approval, Financial institution, Compliance, Team management.