Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Salary Information for Loan Managers

Career News November 15, 2013

Loan managers are loan officers who have progressed to the point of managerial expertise. Managers supervise loan officers and other clerical positions within the office. They are responsible to higher-ups for the performance of the branch and thus carry a weighty responsibility.

Salary Quotes for Starting Loan Managers and Officers

For salary, the median amount per year is about $79,000, based on the HR departments’ polls throughout the industry. The job position matters and a specific title or industry may merit a higher paycheck. For example, virtual mortgage officers average $82,000, while a preoperative nurse only makes $34,000 a year.

Army personnel make $60,000 or more, while a Prosthodontist makes closer to $90,000. The specialization you seek, whether it’s in mortgages, army reserves, commercial business, or other sub-fields, helps determine your value to the company. Even the lowest earning ten percent of the field still made over $32,000, on average.

However, the potential to make more is there in commissions and of all the business industries; mortgage brokers are among the best rewarded. Location has to play a part, considering that large cities drive business and bring national and international business. Cities like New York and San Francisco are among the highest-paying cities, and not so coincidentally, these are the places where people are applying for and receiving the most loan money. When you follow the action, you get more of the action and earn more of a company’s total profit.

How to Improve Your Skills for a Better Job

Improving your skills is vital, as the sooner you show an employer your skill set, the better chance you will have of besting your competition. Understand that mortgage loan packages are complex and must be completed according to established procedures. The fundamentals of financial planning and mortgage theory are taught in college and UMD offers training in this field, just as many other colleges locally and throughout the country do.

Going back to school for your bachelor’s degree can teach you the essentials of this field and prepare you to perform a variety of tasks for this new position. You will learn how to lead others, how to exercise creative and critical thinking, and how to understand the mortgage loan packages.

As far as work experience goes, most companies are hiring seniors or mid-range workers with five or more years of experience in a general or even specific area. Therefore, becoming acquainted with this specialty training is smart preparation for the journey ahead.

What Stands in Front of You?

What stands in front of you, now that you have a career plan set before you? If you can go back to school, you will be on your way to creating a better quality of life for yourself. A loan manager is someone who helps people, presides over the department, and assists households into receiving the loan they need to recover or invest in something precious to them. You can be part of this exciting and fulfilling career!

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Join UC Berkeley Executive Education’s Blockchain online program to explore the possibilities.
  • Blockchain is the underlying technology that makes crypto currencies like Bitcoin and Ripple possible
  • Learn block chain with UC Berkeley Executive Education online.
  • Online Courses
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Join UC Berkeley Executive Education’s Blockchain online program to explore the possibilities.
  • Blockchain is the underlying technology that makes crypto currencies like Bitcoin and Ripple possible
  • Learn block chain with UC Berkeley Executive Education online.
  • Online Courses
  • View Associates, Bachelors or Graduate Degree Programs in Business Near YOU!
  • Enter YOUR Needs and Requirements. Get Matched to the Perfect Campus or Online Degree Programs for You.
  • Free information for Business Administration and Management, Accounting, Marketing and Advertising, Business Information Systems Degree Programs and MORE.
  • Accredited, Flexible Business Administration and Management Degree Programs to Fit Your Time and Budget. Use our Matching Service - It's Easy and FREE!
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!