Loan Servicing Manager Salary in the United States

How much does a Loan Servicing Manager make in the United States? The average Loan Servicing Manager salary in the United States is $83,619 as of April 26, 2022, but the range typically falls between $70,191 and $99,829. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

Job Description

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. 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. (Copyright 2022 Salary.com)

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Average Base Salary

Core compensation

 
 
 
70191
99829
83619

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
73292
109100
88995
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Servicing Manager in the United States. The base salary for Loan Servicing Manager ranges from $70,191 to $99,829 with the average base salary of $83,619. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $73,292 to $109,100 with the average total cash compensation of $88,995.
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70191
99829

 

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Career Path for this job

  1. Down a level:

    Loan Servicing Supervisor

    3 + years experience
    Associate's Degree

  2. This Job:

    Loan Servicing Manager

    5 + years experience
    Bachelor's Degree

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Job Openings for Loan Servicing Manager