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Lending services manager vs credit manager

The differences between lending services managers and credit managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a lending services manager and a credit manager. Additionally, a lending services manager has an average salary of $85,258, which is higher than the $68,583 average annual salary of a credit manager.

The top three skills for a lending services manager include loan applications, loan portfolio and performance reviews. The most important skills for a credit manager are customer service, financial statements, and credit card.

Lending services manager vs credit manager overview

Lending Services ManagerCredit Manager
Yearly salary$85,258$68,583
Hourly rate$40.99$32.97
Growth rate17%17%
Number of jobs110,19163,898
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 67%
Average age4646
Years of experience88

Lending services manager vs credit manager salary

Lending services managers and credit managers have different pay scales, as shown below.

Lending Services ManagerCredit Manager
Average salary$85,258$68,583
Salary rangeBetween $48,000 And $148,000Between $39,000 And $119,000
Highest paying City-San Francisco, CA
Highest paying state-Oregon
Best paying company-Microsoft
Best paying industry-Finance

Differences between lending services manager and credit manager education

There are a few differences between a lending services manager and a credit manager in terms of educational background:

Lending Services ManagerCredit Manager
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Lending services manager vs credit manager demographics

Here are the differences between lending services managers' and credit managers' demographics:

Lending Services ManagerCredit Manager
Average age4646
Gender ratioMale, 59.7% Female, 40.3%Male, 53.9% Female, 46.1%
Race ratioBlack or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.3% White, 64.0% American Indian and Alaska Native, 0.3%Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.5% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between lending services manager and credit manager duties and responsibilities

Lending services manager example responsibilities.

  • Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
  • Develop team of newly hire underwriters through transition from one origination channel and methodology to another.
  • Obtain new payroll clients and generate referrals by promoting value-base solutions that address specific business needs within a define geographical region.
  • Maintain organize work area and balance cash drawer and ATM on a daily basis.
  • Work directly with consumers as well as real estate agents, CPA's and attorneys.

Credit manager example responsibilities.

  • Manage treasury department including all cash management, bank relationships, and debt negotiations.
  • Manage an initiative to move customers from checks to ACH with CTX or EDI remittances.
  • Partner with small and entrepreneurial business to develop business plans and assist business owners with achieving payroll.
  • Launch the new SBA lending and residential mortgage lending programs.
  • Complete loan workouts and restructures on SBA 504 and LIHTC multifamily loans.
  • Leverage GBM using features generate on Experian's tradeline data through unsupervise learning tool Khiops.
  • Show more

Lending services manager vs credit manager skills

Common lending services manager skills
  • Loan Applications, 11%
  • Loan Portfolio, 5%
  • Performance Reviews, 5%
  • Credit Risk, 4%
  • Commercial Banking, 4%
  • Real Estate, 4%
Common credit manager skills
  • Customer Service, 16%
  • Financial Statements, 9%
  • Credit Card, 5%
  • Credit Risk, 5%
  • Credit Policy, 5%
  • Customer Accounts, 4%

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