Consumer Loan Processor Salary
|Salary||$31,472 - $44,793|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$26,463 - $44,393|
|Hourly Rate||$11.88 - $20.44|
|Overtime||$12.84 - $34.77|
|Total Pay (||$26,463 - $44,393|
Job Description for Consumer Loan Processor
- Interview customers and explain the types of loans and credit available for their circumstances.
- Obtain necessary documentation and information from customers to receive and secure loans.
- Review and maintain loan files, and flag delinquent accounts.
- Compute payment schedules and review loan agreements for accuracy and fit with client needs.
Pay by Experience Level for Consumer Loan Processor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Relatively untried employees who have less than five years' experience have a median salary of $33K. Those who have been around for five to 10 years can expect to take home more — $36K on average. Consumer Loan Processors who work for 10 to 20 years in their occupation tend to earn about $41K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $37K on average.
Consumer Loan Processor Reviews
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Key Stats for Consumer Loan Processor
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