Consumer Loan Processor Salary

The average Consumer Loan Processor in the United States earns approximately $15.48 per hour. Women account for the majority of Consumer Loan Processors who took the survey — 80 percent to be exact. Medical benefits are awarded to most, and a strong majority earn dental coverage. Job satisfaction is high and work is enjoyable for most Consumer Loan Processors. This overview is based on answers to PayScale's salary questionnaire.
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$30,410 - $44,633
$30K
$39K
$45K
MEDIAN: $39,034
10%
50%
90%

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$12.04 - $20.29
$12
$15
$20
MEDIAN: $15.48
10%
50%
90%

Add this chart to your site: 640px    300px

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$15K$30K$45K
Salary
$30,410 - $44,633  
   
Bonus
$246.58 - $3,477  
Commission
$5,896  
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).
)
$26,253 - $44,557  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 21
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$12$24$36
Hourly Rate
$12.04 - $20.29  
   
Overtime
$12.84 - $34.77  
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$24K$48K$72K
Bonus
$246.58 - $3,477  
   
Commission
$5,896  
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).
)
$26,253 - $44,557  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 45

Find Out Exactly What You Should Be Paid

United States (change)

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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.

Consumer Loan Processor Job Listings

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Pay by Experience Level for Consumer Loan Processor

Pay by Experience for a Consumer Loan Processor has a positive trend. An entry-level Consumer Loan Processor with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 40 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Consumer Loan Processor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $36,000 based on 15 salaries. An experienced Consumer Loan Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $40,000 based on 15 salaries. A Consumer Loan Processor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $34,000 based on 7 salaries.

Consumer Loan Processor Reviews

Q: 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.

Related Job Salaries

Key Stats for Consumer Loan Processor

Gender

Female
80 %
Male
20 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.
Less than 1 year
14%
1-4 years
38%
5-9 years
17%
10-19 years
21%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Consumer Loan Processor Salaries

Experienced
▲15%

Mid-Career
▲4%

National Average
$34,000

Late-Career
▼2%

Entry-Level
▼6%

Skills That Affect Consumer Loan Processor Salaries

Loan Processing
▲4%

National Average
$34,000

Consumer Loans
▼1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 7 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
14%
1-4 years
38%
5-9 years
17%
10-19 years
21%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 73%
vision benefits
Vision: 64%
no benefits
None: 16%