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Loan Manager Salary
in Chicago, Illinois

$102,140 (USD)

Average Salary

$49/hr

Average Hourly

$7,252

Average Bonus

Last updated: May 20, 2019

Salary Recap

The average pay for a Loan Manager is $102,140 a year and $49 an hour in Chicago, Illinois, United States. The average salary range for a Loan Manager is between $71,801 and $126,665. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chicago, Illinois.

Average Salary Chart

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Job Summary

Description:
  • Manages consumer loan department of a financial institution providing services including vehicle loans, personal or unsecured lines of credit, home improvement and home equity loans, student loans, credit cards, etc.
  • Coordinates activities to implement institution's consumer loan policies, procedures, and practices concerning granting or extending lines of credit and loan activities.
  • Develops or approves consumer lending policies and interest rate structures.
  • NOTE: ERI's findings based on asset size.
Loan Manager Job Prevalence in Chicago, Illinois, United States

Job family: Financial Managers

Job family population: 569,380

Estimated population of Loan Manager jobs: 1,691

Rate of error: 0.6%

Salary Potential

Estimated salary in 2024:
$118,408
5 Year Change:
16 %

Education

Education data not available for this job

Skills

Skills data not available for this job

Loan Manager Job Listings for Chicago, Illinois

Sr. Mortgage Loan Originator / Branch Manager
May 15
Chicago, IL, USA
Dunson & Associates, Inc.
Sr. Mortgage Loan Originator(s) / Branch Manager(s) / Mortgage Origination Teams **Please read and comply with submission requests." We build top talented teams to enhance and create next level ...
Sr. Mortgage Loan Originator / Branch Manager
Apr 8
Chicago, USA
Job Juncture, Inc.
Love your job! Sr. Mortgage Loan Originator(s) / Branch Manager(s) / Mortgage Origination Teams Our client builds top talented teams to enhance and create next level solutions for operations ...
Mortgage Loan Processor
May 6
Chicago, IL, USA
StaffLINK Consulting
The Loan Manager will process loans in a timely and efficient manner to ensure a clean approval and a timely closing. The Loan Manager will work directly with Production Associate or Loan Officer and ...
Outside Mortgage Loan Officer / Branch Manager Opportunity
Feb 19
Chicago, IL, USA
American Residential Lending
Everything is available on the go ● Technology includes MLO web pages, online loan apps, customer doc portals, mortgage trigger monitoring, Sure Fire CRM, Cloud Based Resource Center, automated ...
Senior Relationship Manager, Franchise Finance-Food & Beverage Middle Market Commercial Banking
May 16
Chicago, United States
Capital One
Makes habitual calls on prospective clients in order to generate high-quality new loan, deposit ... management objectives. * Convene with customers through personal calling efforts, branch referrals ...
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