Consumer Loan Processor Salary

Earnings for Consumer Loan Processors in the United States come in at around $15.68 per hour on average. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$31,472 - $44,793
$31K
$38K
$45K
MEDIAN: $38,365
10%
50%
90%

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$11.88 - $20.44
$12
$16
$20
MEDIAN: $15.68
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15K$30K$45K
Salary
$31,472 - $44,793  
   
Bonus
$1,000  
Commission
$6,000  
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  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 20
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$11.88 - $20.44  
   
Overtime
$12.84 - $34.77  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$1,000  
   
Commission
$6,000  
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  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 41

Find Out Exactly What You Should Be Paid

United States (change)

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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.

Consumer Loan Processor Job Listings

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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

Q: What is it like working as a Consumer Loan Processor?

Consumer Loan Processor in Hayward:
"I love what I do I'm very busy."
Pros: My day goes by fast because I'm so busy. I like a job that keeps me busy.
Cons: Some coworkers.

Related Job Salaries

Key Stats for Consumer Loan Processor

Gender

Female
79 %
Male
21 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
Less than 1 year
13%
1-4 years
38%
5-9 years
20%
10-19 years
21%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Consumer Loan Processor Salaries

Experienced
▲16%

Late-Career
▲7%

Mid-Career
▲2%

National Average
$35,000

Entry-Level
▼5%

Skills That Affect Consumer Loan Processor Salaries

Loan Processing
▲2%

National Average
$35,000

Consumer Loans
▼3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
13%
1-4 years
38%
5-9 years
20%
10-19 years
21%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 71%
vision benefits
Vision: 61%
dental benefits
None: 17%
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