How much does a Loan Servicing Manager make in Iowa? The average Loan Servicing Manager salary in Iowa is $84,941 as of February 26, 2024, but the range typically falls between $71,292 and $101,414. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Loan Servicing Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Servicing Manager Salary $58,866 IA February 26, 2024
25th Percentile Loan Servicing Manager Salary $71,292 IA February 26, 2024
50th Percentile Loan Servicing Manager Salary $84,941 IA February 26, 2024
75th Percentile Loan Servicing Manager Salary $101,414 IA February 26, 2024
90th Percentile Loan Servicing Manager Salary $116,412 IA February 26, 2024
25% $71,292 10% $58,866 90% $116,412 75% $101,414 $84,941 50%(Median) Didn’t find job title? Click
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What skills does a Loan Servicing Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

Payment Processing: Completing transfer of funds from the transaction to the merchant's account.

Customer Service 5.83%
Futures 1.84%
Payment Processing 1.23%
Others 91.1%

Job Description for Loan Servicing Manager

Loan Servicing Manager manages the loan servicing function to deliver efficient collections, escrow, and cashiering operations. Establishes processes and procedures to maintain accuracy and completeness of required documentation. Being a Loan Servicing Manager sets operating performance metrics and standards for speed, quality, and customer service. Oversees the preparation of reporting for internal departments and external agencies. Additionally, Loan Servicing Manager coordinates audit requests and processes. Develops training and communication mechanisms that inform the team of regulatory requirements and updates. Typically requires a bachelor's degree. Typically reports to a senior manager or head of a unit/department. The Loan Servicing Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Loan Servicing Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Servicing Manager in Iowa

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Location Avg. Salary Date Updated
Location Ackley, IA Avg. Salary $79,525 Date Updated February 26, 2024
Location Ackworth, IA Avg. Salary $85,342 Date Updated February 26, 2024
Location Adair, IA Avg. Salary $84,916 Date Updated February 26, 2024
Location Adel, IA Avg. Salary $85,129 Date Updated February 26, 2024
Location Afton, IA Avg. Salary $84,916 Date Updated February 26, 2024
Location Agency, IA Avg. Salary $84,520 Date Updated February 26, 2024
Location Ainsworth, IA Avg. Salary $84,124 Date Updated February 26, 2024
Location Akron, IA Avg. Salary $76,305 Date Updated February 26, 2024
Location Albert City, IA Avg. Salary $76,251 Date Updated February 26, 2024
Location Albia, IA Avg. Salary $84,916 Date Updated February 26, 2024
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Jobs with a similar salary range to Loan Servicing Manager : Escrow Funder, Mortgage Servicing Manager, Plm Project Manager

Loan Servicing Manager Salary in Iowa
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