What is the average Consumer Loan Processing Manager salary for Washington, DC?
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As of February 26, 2024, the average Consumer Loan Processing Manager salary in Washington, DC is $99,016. The chart below represents localized salaries for some of our most popular Consumer Loan Processing Manager job titles in Washington, DC. Salaries can vary greatly depending on numerous factors, including position, location, years of experience, and level of education. Salary.com’s team of Certified Compensation Professionals analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to compile a range of salaries for various Consumer Loan Processing Manager job titles in Washington, DC. Apply your personal criteria to one of the job titles below to get your personalized salary estimate.
Consumer Loan Processing Manager Salaries in Washington, DC
Job Title | Salary | Hourly Rate | Location | Date Updated |
Loan Processing Manager | $111,771 | $53.74 | Washington, DC | February 26, 2024 |
Data Processing Supervisor | $101,089 | $48.60 | Washington, DC | February 26, 2024 |
Loan Processing Assistant Manager | $86,419 | $41.55 | Washington, DC | February 26, 2024 |
Loan Processing Supervisor | $70,814 | $34.05 | Washington, DC | February 26, 2024 |
Consumer Loan Quality Assurance Manager | $134,050 | $64.45 | Washington, DC | February 26, 2024 |
Consumer Payment Processing Clerk | $36,162 | $17.39 | Washington, DC | February 26, 2024 |
Consumer Lending Manager | $115,461 | $55.51 | Washington, DC | February 26, 2024 |
Consumer Loan Collection Manager | $114,500 | $55.05 | Washington, DC | February 26, 2024 |
Consumer Loan Officer II | $59,469 | $28.59 | Washington, DC | February 26, 2024 |
Consumer Loan Officer III | $72,471 | $34.84 | Washington, DC | February 26, 2024 |
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Manages the loan processing operations team that originates, processes, and closes various types of loans. Establishes processes and procedures to maintain accuracy and completeness of required documentation. Develops and sets operating performance metrics and standards for speed, quality, and customer service. Oversees the preparation of reporting for internal departments and external agencies. 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. 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. 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. Loan Processing Manager Salaries in Washington, DCAlternate Job Titles:Processing Manager - Mortgage Loans, Loan Processing Manager
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Supervises the performance of data tasks. Ensures data is captured and managed effectively, and that all data loading, validation, and analysis activities adhere to procedures and quality control standards. Manages workflows and processes to meet production targets. Oversees the generation of reports for stakeholders or management and interfaces with those parties to implement any changes or new initiatives. Typically requires a bachelor's degree or equivalent. Typically reports to a manager or head of a unit/department. Supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. Data Processing Supervisor Salaries in Washington, DCAlternate Job Titles:Back-End Data Processing Manager, Data Processing Supervisor
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Assists in the management of the loan processing operations team that originates, processes, and closes various types of loans. Implements processes and procedures to maintain accuracy and completeness of required documentation. Monitors achievement of operating performance metrics and standards for speed, quality, and customer service. Develops solutions to resolve operational issues. Oversees the preparation of reporting for internal departments and external agencies. Coordinates audit requests and processes. Develops training and communication mechanisms that inform the team of regulatory requirements and updates. May require a bachelor's degree. Typically reports to a manager. Supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. Loan Processing Assistant Manager Salaries in Washington, DCAlternate Job Titles:Business Loan Processing Manager, Commercial Loan Processing Manager, Loan Processing Assistant Manager
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Supervises the day-to-day loan processing operations involved with the origination and documentation of various types of loans. Implements processes and procedures to maintain accuracy and completeness of required documentation. Tracks team performance against established metrics and standards for speed, quality, and customer service. Performs quality checks and resolves issues. Prepares reporting for internal departments and external agencies. Participates in audit requests and processes. Delivers new hire and team training. Provides updates on policy and regulatory requirements and changes. May require an associate degree or equivalent. Typically reports to a manager. Supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. Loan Processing Supervisor Salaries in Washington, DCAlternate Job Titles:Loan Origination/ Processing Supervisor - Consumer, Loan Processing Supervisor
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Manages a team of auditors who ensure procedures regarding consumer loans are being met according to company guidelines and policies. Makes recommendations for improvements based on findings. Maintains quality control standards and verifies credit approvals. May require a bachelor's degree. Typically reports to a manager or head of a unit/department. 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. Extensive knowledge of department processes. Typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. Consumer Loan Quality Assurance Manager Salaries in Washington, DCAlternate Job Titles:Consumer Loan Compliance Auditing Manager, Consumer Loan Quality Assurance Manager
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Processes consumer loan payments according to established guidelines and procedures. Responsibilities include processing and reconciling debits and credits, preparing daily forms, and reviewing and researching unacceptable payments. Requires a high school diploma or its equivalent. Typically reports to a supervisor. May require 0-1 year of general work experience. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. Consumer Payment Processing Clerk Salaries in Washington, DCAlternate Job Titles:Consumer Loan Payment and Reconciliation Clerk, Payment Processor, Consumer Payment Processing Clerk
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Manages a team of consumer lending specialists in developing customer relationships, promoting consumer loan products, and attaining volume and profit goals. Ensures that application processing follows state, federal, and organizational policies and guidelines and that customers have accurate loan information and guidance about product options. Conducts team training on company products and services. Coaches team members to promote a sales culture, improve selling techniques, and meet goals. May require a bachelor's degree. Typically reports to a head of a unit/department. 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. 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. Consumer Lending Manager Salaries in Washington, DCAlternate Job Titles:Consumer Loan Manager, Consumer Lending Manager
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Manages a group of collection supervisors and develops collection strategies to minimize collection portfolio loss. Responsible for initial and ongoing training of all subordinate personnel. Requires a bachelor's degree. Typically reports to a top management. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. Consumer Loan Collection Manager Salaries in Washington, DCAlternate Job Titles:Consumer Loan Collections Group Manager, Consumer Loan Collection Manager
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Develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. Works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. Typically requires 1-3 years of related experience. Consumer Loan Officer II Salaries in Washington, DCAlternate Job Titles:Consumer Lending Officer II, Consumer Loan Officer II
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Develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 years of related experience. Consumer Loan Officer III Salaries in Washington, DCAlternate Job Titles:Consumer Lending Officer III, Consumer Loan Officer III