Consumer Loan Processors in the United States can expect wages of $15.90 per hour on average. Most workers in this position report high levels of job satisfaction. Men are in the minority of survey respondents, with female Consumer Loan Processors making up 73 percent. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$31,382 - $45,009
(Median)
$31K
$39K
$45K
MEDIAN: $39,256
10%
50%
90%

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$11.74 - $20.49
(Median)
$12
$16
$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
$31,382 - $45,009  
   
Bonus
$1,000  
Commission
$6,000  
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).
)
$26,319 - $44,644  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 19
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
$11.74 - $20.49  
   
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
$1,000  
   
Commission
$6,000  
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).
)
$26,319 - $44,644  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 38
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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.

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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.

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.

Related Job Salaries

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Experience Affects Consumer Loan Processor Salaries

Experienced
up arrow 15%

Late-Career
up arrow 6%

Mid-Career
up arrow 3%

National Average
$35,000

Entry-Level
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
11%
1-4 years
39%
5-9 years
19%
10-19 years
23%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 73%
medical benefits
Vision: 65%
dental benefits
None: 15%
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