Consumer Loan Processor Salary

Consumer Loan Processors in the United States can expect wages of $15.39 per hour on average. Among survey respondents, women are more common than men; 86 percent of Consumer Loan Processors are female. Most claim medical and dental insurance and a majority get vision coverage. Among folks in this role, job satisfaction levels approximately match the national average. This report is based on responses to the PayScale salary survey.
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$25,659 - $46,043
(Median)
$26K
$34K
$46K
MEDIAN: $34,402
10%
50%
90%

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$12.21 - $19.65
(Median)
$12
$15
$20
MEDIAN: $15.00
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$16K$32K$48K
Salary
$25,659 - $46,043  
   
Bonus
$0.00 - $2,483  
Profit Sharing
$625  
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).
)
$26,110 - $43,793  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 35
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
$12.21 - $19.65  
   
Overtime
$12.84 - $28.55  
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 - $2,483  
   
Profit Sharing
$625  
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).
)
$26,110 - $43,793  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 57
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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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Consumer Loan Processor Reviews

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.

United States (change)

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Experience Affects Consumer Loan Processor Salaries

Experienced
up arrow 4%

Mid-Career
up arrow 1%

Entry-Level
0%

National Average
$34,000

Job Satisfaction

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

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
8%
1-4 years
39%
5-9 years
30%
10-19 years
17%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 83%
medical benefits
Vision: 62%
dental benefits
None: 12%
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