Consumer Loan Processor Salary

Median pay for Consumer Loan Processors in the United States is around $14.99 per hour. Work is reasonably fulfilling for most Consumer Loan Processors — the majority report average levels of job satisfaction. A large number claim medical and dental insurance and more than half get vision coverage. The vast majority (84 percent) of Consumer Loan Processors who took the survey are female. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$25,346 - $45,483
(Median)
$25K
$33K
$45K
MEDIAN: $32,988
10%
50%
90%

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$11.02 - $19.16
(Median)
$11
$15
$19
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
$25,346 - $45,483  
   
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).
)
$24,500 - $41,792  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 30
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
$11.02 - $19.16  
   
Overtime
$14.55 - $27.85  
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 - $2,043  
   
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).
)
$24,500 - $41,792  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 69
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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 8%

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
39%
5-9 years
29%
10-19 years
19%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 80%
vision benefits Vision: 57% employee benefits None: 11%
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