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Consumer Loan Processor Salary

Average Consumer Loan Processors in the United States make around $14.73 per hour. Among folks in this role, job satisfaction levels approximately match the national average. The vast majority of Consumer Loan Processors (83 percent) who participated in the survey are women. A large number get medical and dental insurance, and a little more than half get vision plans, too. This snapshot results from replies to PayScale's salary survey.
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$25,237 - $44,487
(Median)
25K
30K
37K
44K
MEDIAN: $33,109
10%
25%
75%
90%

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$10.81 - $17.68
(Median)
11
13
15
17
MEDIAN: $14.00
10%
25%
50%
75%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15K$30K$45K
Salary
$25,237 - $44,487  
   
Bonus
$0.00 - $2,057  
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).
)
$24,381 - $40,521  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 38
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$10$20$30
Hourly Rate
$10.81 - $17.68  
   
Overtime
$14.17 - $27.13  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Bonus
$0.00 - $2,057  
   
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).
)
$24,381 - $40,521  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 72
United States (change)

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 3%

Entry-Level
up arrow 1%

Mid-Career
up arrow 1%

National Average
$32,000

Job Satisfaction

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

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
5%
1-4 years
44%
5-9 years
30%
10-19 years
17%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 80%
vision benefits Vision: 54% employee benefits None: 13%