Home > Salary > Ecuador > Loan Processing Manager
A loan processing manager is responsible for overseeing the loan application and approval process within a financial institution. They manage a team of loan processors, ensuring that all loan applications are reviewed, verified, and processed efficiently and accurately. The loan processing manager works closely with loan officers, underwriters, and other departments to gather necessary documentation, assess applicant eligibility, and ensure compliance with lending regulations. They also monitor loan pipeline, track loan progress, and resolve any issues or discrepancies that may arise during the loan processing cycle. Additionally, they may be involved in training and mentoring loan processors, implementing process improvements, and analyzing loan data to identify trends and areas for improvement.
Estimated Yearly Salary: 214,700,955 ECS
Estimated Monthly Salary: 17,891,746 ECS
Estimated Weekly Salary: 4,128,865 ECS per week
Estimated Hourly Salary: 103,222 ECS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 17,337,191 ECS
Estimated Weekly Salary: 4,000,890 ECS per week
Estimated Hourly Salary: 100,022 ECS per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 7,625 USD
Estimated Monthly Salary: 635 USD
Estimated Weekly Salary: 147 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 214,700,955 ECS
Estimated Monthly Salary: 17,891,746 ECS
Estimated Weekly Salary: 4,128,865 ECS per week
Estimated Hourly Salary: 103,222 ECS per hour
By working as Loan Processing Manager a person can save up to 383 USD per month or 4,596 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ecuador, see costs of living in Ecuador.
Estimated Yearly Salary for Loan Processing Manager
Last revision of data: 2025-01-04
Data as of 2025
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Loan Processing Manager salary in Ecuador
Average Yearly Salary of Loan Processing Manager in Ecuador is approximately 214,700,955 ECS (7,625 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Loan Processing Manager do?
A loan processing manager is responsible for overseeing the loan application and approval process within a financial institution. They manage a team of loan processors, ensuring that all loan applications are reviewed, verified, and processed efficiently and accurately. The loan processing manager works closely with loan officers, underwriters, and other departments to gather necessary documentation, assess applicant eligibility, and ensure compliance with lending regulations. They also monitor loan pipeline, track loan progress, and resolve any issues or discrepancies that may arise during the loan processing cycle. Additionally, they may be involved in training and mentoring loan processors, implementing process improvements, and analyzing loan data to identify trends and areas for improvement.
Skills: Loan processing manager, Loan application, Loan approval, Financial institution, Compliance, Team management.
Job industry: Finance
Job industry: Finance
How much does Loan Processing Manager make?
Salary details
How much does Loan Processing Manager make?Estimated Yearly Salary: 214,700,955 ECS
Estimated Monthly Salary: 17,891,746 ECS
Estimated Weekly Salary: 4,128,865 ECS per week
Estimated Hourly Salary: 103,222 ECS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 208,046,289 ECSEstimated Monthly Salary: 17,337,191 ECS
Estimated Weekly Salary: 4,000,890 ECS per week
Estimated Hourly Salary: 100,022 ECS per hour
Last revision of data: 2024-01-07Loan Processing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,625 USD
Estimated Monthly Salary: 635 USD
Estimated Weekly Salary: 147 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Ecuador is a country located in South America, bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It has a population of approximately 17 million people and covers an area of about 283,561 square kilometers.
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Loan Processing Manager job salary compared to average salary in Ecuador.
Comparison shows that a person working as Loan Processing Manager in Ecuador earns on average:
1.31 times the average salary (or 131% of average salary).
Estimated national average yearly salary is 163,662,470 ECS (6,310 USD). Value indicated is pre-tax. Below graph shows estimated Loan Processing Manager job salary compared to average salary in Ecuador.
Comparison shows that a person working as Loan Processing Manager in Ecuador earns on average:
1.31 times the average salary (or 131% of average salary).
Is Loan Processing Manager a well paid job?
Yes, our data shows that Loan Processing Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Loan Processing Manager?
High salary for Loan Processing Manager would be somewhere between 236,171,051 ECS and 311,316,385 ECS. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Processing Manager in Ecuador?
Living in Ecuador the approximate monthly expenses are: 252 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 214,700,955 ECS
Estimated Monthly Salary: 17,891,746 ECS
Estimated Weekly Salary: 4,128,865 ECS per week
Estimated Hourly Salary: 103,222 ECS per hour
By working as Loan Processing Manager a person can save up to 383 USD per month or 4,596 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ecuador, see costs of living in Ecuador.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Colombia, Peru. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Loan Processing Manager
Colombia is 7,838 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ecuador
(1,855,980,438 ECS per year, pre-tax.)
2. Cardiologist
(1,555,155,042 ECS per year, pre-tax.)
(1,492,481,780 ECS per year, pre-tax.)
4. Neurosurgeon
(1,451,252,556 ECS per year, pre-tax.)
(1,445,038,889 ECS per year, pre-tax.)
(1,418,984,151 ECS per year, pre-tax.)
(1,418,715,651 ECS per year, pre-tax.)
(1,416,409,138 ECS per year, pre-tax.)
9. Oncologist
(1,414,323,101 ECS per year, pre-tax.)
10. Urologist
(1,413,729,680 ECS per year, pre-tax.)
Data as of 2025Random salary:
Entry-level solicitor of labor (106,949,193 ECS per year, pre-tax.)
Baby sitter (58,928,864 ECS per year, pre-tax.)
Employee assistance program (eap), counselor (204,173,162 ECS per year, pre-tax.)
Computer aided design (cad), supervisor (231,398,135 ECS per year, pre-tax.)
Helper--production worker (94,867,149 ECS per year, pre-tax.)
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The salary data on this site is designed for reference purposes only. We provide salary insights derived from multiple sources, but do not guarantee complete accuracy. Users should consistently cross-check salary details with other trusted sources before making financial decisions. Fluctuations in salary amounts may arise due to various circumstances, including location, experience, and industry. We do not extend any guarantee regarding the completeness of the provided salary data. Use of optisalary.com constitutes acceptance of these conditions.
The salary data on this site is intended for informational purposes exclusively. We provide salary insights based on multiple datasets, but do not guarantee complete precision. Users should consistently cross-check salary details with other trusted sources before making financial choices. Variations in salary figures may arise due to various circumstances, including company policies, market demand, and individual skills. We do not offer any warranty regarding the entirety of the provided salary data. Use of optisalary.com implies acceptance of these terms.