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Loan Officer, Consumer Salary (United States)

The average salary for a Loan Officer, Consumer is $38,379 per year. A skill in Loan Underwriting is associated with high pay for this job. Most people with this job move on to other positions after 20 years in this field.
Loan Officer, Consumer Salary (?
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.
)
$27,514 - $52,889
(Median)
28K
32K
38K
45K
53K
MEDIAN: $38,379
10%
25%
50%
75%
90%
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Loan Officer, Consumer Salary (?
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.
)
$11.91 - $20.10
(Median)
12
15
17
20
MEDIAN: $15.00
10%
50%
75%
90%
Add this chart to your site: 640px    300px

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$18K$36K$54K
Salary
$27,514 - $52,889  
   
Bonus
$0.00 - $5,000  
Profit Sharing
$500 - $5,250  
Commission
$0.00 - $13,962  
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).
)
$26,916 - $52,578  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 195
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$11$22$33
Hourly Rate
$11.91 - $20.10  
   
Overtime
$17.57 - $31.83  
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$22K$44K$66K
Bonus
$0.00 - $5,000  
   
Commission
$0.00 - $13,962  
Profit Sharing
$500 - $5,250  
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).
)
$26,916 - $52,578  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 133
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United States (change)

Job Description for Loan Officer, Consumer

  • Obtain, investigate, and validate application information.
  • Market, solicit, and process consumer loans.
  • Determine repayment plan.
  • Interview and accept consumer loan applications.
  • Solicit lending institutions and finance companies to find money for customers.

Loan Officer, Consumer Job Listings

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Pay by Experience Level for Loan Officer, Consumer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

Find Out Exactly What You Should Be Paid
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Experience Affects Loan Officer, Consumer Salaries

Late-Career
up arrow 20%
Experienced
up arrow 14%
Mid-Career
up arrow 3%
National Average
$37,000
Entry-Level
up arrow 9%

Skills That Affect Loan Officer, Consumer Salaries

Loan Underwriting
up arrow 18%
Consumer Loans
up arrow 4%
National Average
$37,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 74 votes.

Gender

Female
59%
female alumni
 
Male
41%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
35%
5-9 years
27%
10-19 years
25%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 73%
vision benefits Vision: 51% employee benefits None: 9%