Average Consumer Loan Processors in the United States make around $15.39 per hour. For the most part, Consumer Loan Processors enjoy their work and report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Female Consumer Loan Processors make up most of the survey respondents at 79 percent. The data in this summary comes from the PayScale salary survey.
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).
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$26,613 - $44,736
Country: United States | Currency: USD | Updated: 21 Sep 2017 | Individuals Reporting: 25
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).
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).
)
$26,613 - $44,736
Country: United States | Currency: USD | Updated: 21 Sep 2017 | Individuals Reporting: 51
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).
)
$26,613 - $44,736
Country: United States
Currency: USD
Updated: 21 Sep 2017
Individuals Reporting: 51
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
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.
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