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Salary and Benefits

Lending Manager
$59K-$72K / yr. (est.)
$59K
$65,907 / year
$72K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Lending Manager

What does a Lending Manager do?

As Lending Managers, our primary tasks involve overseeing the lending process within a financial institution, ensuring compliance with all relevant regulations, and managing a team of loan officers. We collaborate with clients to understand their financial needs and provide suitable loan solutions. We also monitor loan performance and implement strategies to reduce risk. Additionally, we develop and maintain relationships with key stakeholders, including clients and other financial partners. Ensuring smooth operation and efficiency in the lending department is a critical aspect of our role.

Core tasks:

  • Reviewing and approving loan applications
  • Managing and training a team of loan officers
  • Ensuring compliance with lending regulations and policies
  • Developing and implementing risk management strategies
  • Collaborating with clients to provide optimal loan solutions

Insights

How Many Years of Experience Do Professionals Need Before Becoming Lending Manager?
On average, people work 7+ years in other positions prior to becoming a Lending Manager.
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Financial PlannerMiami, FL - A year ago
😱 7 freaking years? Nobody told me about this when I joined the industry! I'm feeling cheated!
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Bank ManagerSeattle, WA - A year ago
7 years? Yeah, that's about right. You gotta climb the ladder one rung at a time. No shortcuts, peeps! 😎
How Long Do Lending Manager Employees Typically Stay in Their Roles?
On average, Lending Managers works in this position for 5+ years across multiple employers.
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Credit UnderwriterHouston, TX - A year ago
I've worked with some Lending Managers, and honestly, the ones with over 5 years of experience tend to be more thorough and detail-oriented. 💁
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Branch ManagerMiami, FL - A year ago
🤔 It's truly commendable to see Lending Managers stick it out for 5+ years, balancing the expectations of multiple employers in this ever-changing industry!
What Is the Job Hopper Score for Lending Manager Employees?
Moderate job changes in Lending Manager, showing some career movement without excessive turnover.
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Branch ManagerHouston, TX - A year ago
I've seen more mobility at a snail's pace. This infographic is just making us feel stuck when we could be looking for better opportunities elsewhere!
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Mortgage UnderwriterMiami, FL - A year ago
😡 This image doesn't represent the reality at all! Don't they know it takes hard work and experience to get anywhere in this industry?

Career path

Path to job

Discover a Lending Manager's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Lending Manager typically studied at.
Arizona State University-Tempe
Iowa State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Lending Manager Employees?
Gender ratio in Lending Manager position: 0.63036496350365 Male and 0.36963503649635 Female. Age ratio in Lending Manager position: 16-20: 5%, 21-30: 40%, 31-40: 34%, 41-50: 15%, 51-60: 5%, 60+: 1%. Lending Manager position is predominantly male (63.0%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Lending ManagerMiami, FL - A year ago
Are there any initiatives in place to encourage women to pursue careers in lending? 🤔
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Lending ManagerSeattle, WA - A year ago
We need to change the narrative and make this profession more accessible to everyone! 👊

Workplaces

Who Are the Top Employers for Lending Manager?
Top employers of Lending Manager position: Chase, JPMorgan Chase & Co., Summit Funding. People who work in Lending Manager position most typically go on to work for the Chase.
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Lending ManagerHouston, TX - A year ago
Summit Funding is an exceptional company to work for. They truly invest in their employees and provide excellent training programs.
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Lending ManagerSan Francisco, CA - A year ago
I've had a positive experience with JPMorgan Chase. They offer competitive salaries and bonuses for their employees.
Chase
JPMorgan Chase & Co.
Summit Funding
What Industries Does Lending Manager Typically Have Experience In?
Industry Background: The most typical industries of Lending Manager: Finance & Insurance, Professional / Scientific / Technical, Education, Religious / Grantmaking / Civic, Real Estate / Rental / Leasing. Lending Manager employees most likely come from a Finance & Insurance industry background.
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Lending ManagerHouston, TX - A year ago
I wonder, how do you stay motivated in the competitive lending industry of Houston? 🤔
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Lending ManagerMiami, FL - A year ago
Y'all, being a Lending Manager in Miami must require nerves of steel with all those unpredictable buyers! 😱

Find your job as Lending Manager

Discussion about Lending Manager

Want to know more about Lending Manager position?
Share your thoughts and ideas about Lending Manager position with others in our community.
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Is Lending Manager a female or male dominated profession?
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Isabella Holmes4 years ago
35% are women in this profession only.
What is the most common age of a Lending Manager?
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Sophie Hayes4 years ago
The average age is 33
How much experience do you need to work as a Lending Manager?
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Isabella Holmes4 years ago
7 years of experience is needed on average for a Lending Manager.
Which industries should a Lending Manager consider working in?
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Sophie Hayes4 years ago
Finance & Insurance is typical for a Lending Manager to work in.
What kind of degree is needed to work as a Lending Manager?
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Sophie Hayes4 years ago
No higher education is the typical for a Lending Manager
As a Lending Manager, which company should I definitely check out for jobs?
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Isabella Holmes4 years ago
Most people work for Chase, JPMorgan Chase & Co., Summit Funding, Wells Fargo and Wells Fargo Home Mortgage
How many years of experience as a Lending Manager is needed in average to switch to another position?
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Isabella Holmes4 years ago
On average people change after more than 5 years.
How likely is it for people working as a Lending Manager to switch companies still working as a Lending Manager?
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Benjamin Gardner4 years ago
A typical Lending Manager might work for one or two companies.
From which job titles people come from to work as a Lending Manager?
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Isabella Holmes4 years ago
Most people come from Branch Manager, Loan Officer or Consumer Loan Underwriter roles
Working as a Lending Manager what job titles should I consider to switch to?
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Benjamin Gardner4 years ago
Vice President, Branch Manager or Loan Officer can be a good next step
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Disclaimer

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