Loan Servicing Manager Salary in the United States

How much does a Loan Servicing Manager make hourly in the United States? The average hourly wage for a Loan Servicing Manager in the United States is $40 as of April 26, 2022, but the range typically falls between $34 and $48. Hourly rate 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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Understand the total hourly compensation opportunity for a Loan Servicing Manager, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
34
48
40

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
35
52
43
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Loan Servicing Manager in the United States. The average hourly rate for Loan Servicing Manager ranges from $34 to $48 with the average hourly pay of $40. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $35 to $52 with the average total hourly cash compensation of $43.
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34
48

 

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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