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Consumer Loan Processor Salary

Median pay for Consumer Loan Processors in the United States lies in the neighborhood of $15.02 per hour. The vast majority of Consumer Loan Processors (82 percent) who participated in the survey are women. A large number receive medical and dental insurance and the greater part get vision insurance. Most workers in this position report moderate levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
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$25,523 - $45,110
(Median)
$26K
$33K
$45K
MEDIAN: $33,129
10%
50%
90%

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$10.93 - $19.03
(Median)
$11
$15
$19
MEDIAN: $15.00
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
$25,523 - $45,110  
   
Bonus
$0.00 - $2,083  
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).
)
$24,575 - $41,675  
Country: United States | Currency: USD | Updated: 2 May 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
$10.93 - $19.03  
   
Overtime
$14.68 - $27.27  
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 - $2,083  
   
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).
)
$24,575 - $41,675  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 69

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United States (change)


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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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United States (change)

Experience Affects Consumer Loan Processor Salaries

Experienced
up arrow 2%

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
42%
5-9 years
30%
10-19 years
18%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 80%
vision benefits Vision: 56% employee benefits None: 12%
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