Consumer Loan Processor Salary

Consumer Loan Processors in the United States take home an average $15.02 per hour. The vast majority of Consumer Loan Processors (84 percent) who responded to the survey are women. Among folks in this role, job satisfaction levels approximately match the national average. Medical and dental benefits are awarded to most, and more than half earn vision coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$25,403 - $45,361

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$11.04 - $19.38

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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$16K$32K$48K
Salary
$25,403 - $45,361  
   
Bonus
$0.00 - $2,043  
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).
)
$24,550 - $42,046  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 31
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$10$20$30
Hourly Rate
$11.04 - $19.38  
   
Overtime
$14.55 - $27.85  
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$20K$40K$60K
Bonus
$0.00 - $2,043  
   
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).
)
$24,550 - $42,046  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 70
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Job Description for Consumer Loan Processor

  • Review and maintain loan files, and flag delinquent accounts.
  • Compute payment schedules and review loan agreements for accuracy and fit with client needs.
  • 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.

Consumer Loan Processor Job Listings

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Experience Affects Consumer Loan Processor Salaries

Experienced
up arrow 9%

Mid-Career
up arrow 1%

Entry-Level
0%

National Average
$32,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
7%
1-4 years
40%
5-9 years
29%
10-19 years
20%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 81%
vision benefits Vision: 58% employee benefits None: 11%
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