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Salary and Benefits

Loan Operations Manager
$52K-$64K / yr. (est.)
$53K
$58,780 / year
$65K
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 Loan Operations Manager

What does a Loan Operations Manager do?

Operating as Loan Operations Managers, we are accountable for managing the daily functional activities of the loan operations department of the company. We train and guide the newly hired team members about the loan management work. We monitor the workflow of the loan and track its continuous progress to scale the arising complications. Working as Loan Operations Managers, we are accountable for maintaining the sales outreach by bringing more business and generating more leads in the company. We process the loan applications and ensure that they comply with the laws of the government and the rules and regulations of the company.

Core tasks:

  • developing loan strategies
  • tracking the progress of operational tasks
  • overseeing the compliance of loan papers with the company regulations
  • providing assistance in the performance of loan-related projects
  • training and coaching the newly hired team members

Insights

How Many Years of Experience Do Professionals Need Before Becoming Loan Operations Manager?
On average, people work 5-7 years in other positions prior to becoming a Loan Operations Manager.
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Loan Operations ManagerHouston, TX - A year ago
🔥 Come on, the years of experience don't matter as much as the skills and dedication you bring to the table. Stop whining and start working harder!
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Loan Operations ManagerPhiladelphia, PA - A year ago
🔥 I think the average years of experience is just a guideline. It ultimately depends on the individual and their qualifications.
How Long Do Loan Operations Manager Employees Typically Stay in Their Roles?
On average, Loan Operations Managers works in this position for 5+ years across multiple employers.
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Financial AnalystHouston, TX - A year ago
Having analyzed loan operations extensively, I can confidently say that Loan Operations Managers are vital for streamlining the loan lifecycle and reducing risks.
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Loan UnderwriterMiami, FL - A year ago
😡 I'm appalled that this infographic ignores the crucial collaboration between Loan Underwriters and Loan Operations Managers. We're in this together, folks!
What Is the Job Hopper Score for Loan Operations Manager Employees?
Moderate job changes in Loan Operations Manager, showing some career movement without excessive turnover.
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Software EngineerNew York City, NY - A year ago
loan operations manager 🤔 sounds like a boring job title. Who wants to do that for a living?
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Marketing ManagerSan Francisco, CA - A year ago
Omg! The turnover rate for Loan Operations Managers is through the roof! This industry needs improving and better career prospects for its professionals. 😡

Career path

Path to job

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

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Loan Operations Manager Employees?
Gender ratio in Loan Operations Manager position: 0.478444236176195 Male and 0.521555763823805 Female. Age ratio in Loan Operations Manager position: 16-20: 5%, 21-30: 48%, 31-40: 30%, 41-50: 13%, 51-60: 4%, 60+: 0%. Loan Operations Manager position is predominantly female (52.2%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Loan Operations ManagerSeattle, WA - A year ago
but isn't it essential to have a mix of genders for a balanced and inclusive workplace? 🌟
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Loan Operations ManagerMiami, FL - A year ago
regardless of gender, it's the experience and skills that matter. Let's focus on that instead! 💼

Workplaces

Who Are the Top Employers for Loan Operations Manager?
Top employers of Loan Operations Manager position: Arvest Bank, TD, Wells Fargo. People who work in Loan Operations Manager position most typically go on to work for the Arvest Bank.
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Loan Operations ManagerMiami, FL - A year ago
I don't care who's on top. As long as it's not Wells Fargo, I'm happy! I wouldn't work for a company with such shady practices.
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Loan Operations ManagerSan Francisco, CA - A year ago
I've had friends who used to work for TD and they always talked about how stressful it was. I wouldn't recommend it to anyone.
Arvest Bank
TD
Wells Fargo
What Industries Does Loan Operations Manager Typically Have Experience In?
Industry Background: The most typical industries of Loan Operations Manager: Finance & Insurance, Professional / Scientific / Technical, Real Estate / Rental / Leasing, Education, Administrative & Support. Loan Operations Manager employees most likely come from a Finance & Insurance industry background.
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Bank TellerHouston, TX - A year ago
Yes, Loan Operations Managers must ensure compliance with lending regulations and perform audits to mitigate risk.
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Financial AnalystMiami, FL - A year ago
Being a Loan Operations Manager requires strong analytical skills and the ability to evaluate loan applications.

Find your job as Loan Operations Manager

Discussion about Loan Operations Manager

Want to know more about Loan Operations Manager position?
Share your thoughts and ideas about Loan Operations Manager position with others in our community.
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Do a lot of women work as a Loan Operations Manager?
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Benjamin Gardner4 years ago
The women/men ratio is well balanced.
What is the typical age to work as a Loan Operations Manager?
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Sophie Hayes4 years ago
People working as a Loan Operations Manager are 31 old on average.
How much experience is typically required to work as a Loan Operations Manager?
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Liam Brown4 years ago
On average, people have 6 years of experience when they start working as a Loan Operations Manager
Which industries does a Loan Operations Manager typically work in?
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Sophie Hayes4 years ago
For a Loan Operations Manager it’s the most likely to work in the Finance & Insurance.
Is a higher education needed as a Loan Operations Manager?
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Sophie Hayes4 years ago
Most people have No higher education
Where are you working as a Loan Operations Manager?
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Benjamin Gardner4 years ago
If you are a Loan Operations Manager you should definitely apply for Arvest Bank, TD, Wells Fargo, Wells Fargo Bank and Wells Fargo Home Mortgage
How long do you usually work as a Loan Operations Manager before changing to another position?
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Liam Brown4 years ago
A Loan Operations Manager typically moves on after more than 5 years
Is it frequent for people to switch companies and still work as a Loan Operations Manager?
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Benjamin Gardner4 years ago
a Loan Operations Manager is not a typical job hopper, but might change companies.
What jobs do people work in before becoming a Loan Operations Manager?
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Liam Brown4 years ago
Typical prior positions for a Loan Operations Manager are Vice President, Branch Manager or Loan Servicing Specialist
What are the typical next steps for someone working as a Loan Operations Manager?
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Liam Brown4 years ago
Changing from a Loan Operations Manager to Vice President, Operations Manager or Branch Manager is a typical career path.
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Disclaimer

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