Consumer Loan Processor Salary
Job Description for Consumer Loan Processor
- 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.
- Review and maintain loan files, and flag delinquent accounts.
- Compute payment schedules and review loan agreements for accuracy and fit with client needs.
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Pay by Experience Level for Consumer Loan Processor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average inexperienced worker earns $33K, and someone who has worked for five to 10 years can expect a bigger median salary of $36K. Consumer Loan Processors bring in $41K after working for 10 to 20 years. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $37K.
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Rated 4 out of 5
based on 8 votes.