Consumer Loan Processor Salary

Consumer Loan Processors in the United States take home approximately $15.39 per hour on average. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Most Consumer Loan Processors survey respondents are women (79 percent). Job satisfaction is reported as high by the vast majority of workers. The data in this summary comes from the PayScale salary survey.
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$30,000 - $46,377
$30K
$39K
$46K
MEDIAN: $39,486
10%
50%
90%

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$12.26 - $20.27
$12
$15
$20
MEDIAN: $15.39
10%
50%
90%

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$0$46K
Salary $30,000 - $46,377
Bonus $253.42 - $3,523
Profit Sharing $2,162
Commission $5,896
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).
)
$26,681 - $45,040
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 24
Hourly Data $0$31
Hourly Rate $12.26 - $20.27
Overtime $12.48 - $31.99
Annual Data $0$45K
Bonus $253.42 - $3,523
Commission $5,896
Profit Sharing $2,162
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).
)
$26,681 - $45,040
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 46

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

Pay by Experience Level for Consumer Loan Processor

Pay by Experience for a Consumer Loan Processor has a positive trend. An entry-level Consumer Loan Processor with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 40 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Consumer Loan Processor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $36,000 based on 15 salaries. An experienced Consumer Loan Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $40,000 based on 15 salaries. A Consumer Loan Processor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $34,000 based on 7 salaries.

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

Extremely satisfied
Rated 5 out of 5
based on 8 votes.
Less than 1 year
11%
1-4 years
47%
5-9 years
16%
10-19 years
19%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Consumer Loan Processor Salaries

Experienced
▲15%

Mid-Career
▲4%

National Average
$35,000

Late-Career
▼2%

Entry-Level
▼6%

Skills That Affect Consumer Loan Processor Salaries

Loan Processing
▲4%

National Average
$35,000

Consumer Loans
▼2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 8 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
11%
1-4 years
47%
5-9 years
16%
10-19 years
19%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 76%
vision benefits
Vision: 67%
no benefits
None: 14%
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