Consumer Loan Processor Salary

Earnings for Consumer Loan Processors in the United States come in at around $14.84 per hour on average. Among folks in this role, job satisfaction levels approximately match the national average. A large number get medical and dental insurance, and over one-half get vision plans, too. Women make up the vast majority of Consumer Loan Processors (82 percent) who answered the questionnaire. This report is based on responses to the PayScale salary survey.
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$24,989 - $45,110
(Median)
$25K
$33K
$45K
MEDIAN: $32,676
10%
50%
90%

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$10.92 - $17.99
(Median)
$11
$15
$18
MEDIAN: $14.00
10%
50%
90%

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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$16K$32K$48K
Salary
$24,989 - $45,110  
   
Bonus
$0.00 - $2,065  
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).
)
$24,407 - $41,245  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 33
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
$10.92 - $17.99  
   
Overtime
$15.13 - $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 - $2,065  
   
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).
)
$24,407 - $41,245  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 68

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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 3%

Mid-Career
up arrow 1%

Entry-Level
0%

National Average
$32,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 21 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
6%
1-4 years
43%
5-9 years
30%
10-19 years
19%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 78%
vision benefits Vision: 53% employee benefits None: 14%