Loan Officer, Consumer Salary (United States)

The average salary for a Loan Officer, Consumer is $38,314 per year. The highest paying skills associated with this job are Financial Analysis and Loan Underwriting. Most people with this job move on to other positions after 20 years in this field.
Loan Officer, Consumer Total Pay (?
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.
)
$27,456 - $53,123
(Median)
27K
32K
38K
45K
53K
MEDIAN: $38,313
10%
25%
50%
75%
90%
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Loan Officer, Consumer Total Pay (?
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.
)
$11.88 - $19.96
(Median)
12
15
17
20
MEDIAN: $15.00
10%
50%
75%
90%
Add this chart to your site

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
$27,456 - $53,123  
   
Bonus
$0.00 - $5,030  
Profit Sharing
$500 - $5,250  
Commission
$0.00 - $14,093  
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).
)
$26,858 - $53,069  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 323
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
$11.88 - $19.96  
   
Overtime
$17.66 - $31.74  
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 - $5,030  
   
Commission
$0.00 - $14,093  
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).
)
$26,858 - $53,069  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 323
Is Loan Officer, Consumer your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:
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

Experience Affects Loan Officer, Consumer Salaries

Late-Career
up arrow 20%
Experienced
up arrow 15%
Mid-Career
up arrow 3%
National Average
$37,000
Entry-Level
up arrow 9%

Skills That Affect Loan Officer, Consumer Salaries

Financial Analysis
up arrow 32%
Loan Underwriting
up arrow 19%
Loan Processing
up arrow 7%
Consumer Loans
up arrow 4%
National Average
$37,000
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 71 votes.
Gender
Female
58%
female alumni
 
Male
42%
male alumni
Years of Experience
Less than 1 year
3%
1-4 years
37%
5-9 years
26%
10-19 years
24%
20 years or more
10%
Common Health Benefits
medical benefits Medical: 88% dental benefits Dental: 72%
vision benefits Vision: 50% employee benefits None: 9%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
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