Consumer Loan Processor Salary

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.
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$28,828 - $46,369
$29K
$39K
$46K
MEDIAN: $39,250
10%
50%
90%

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$12.40 - $20.10
$12
$15
$20
MEDIAN: $15.45
10%
50%
90%

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$0$46K
Salary $28,828 - $46,369
Bonus $255.32 - $3,477
Profit Sharing $2,162
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).
)
$26,613 - $44,736
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 25
Hourly Data $0$31
Hourly Rate $12.40 - $20.10
Overtime $12.58 - $31.88
Annual Data $0$44K
Bonus $255.32 - $3,477
Commission $5,896
Profit Sharing $2,162
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).
)
$26,613 - $44,736
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 51

Find Out Exactly What You Should Be Paid

United States (change)

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.
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 11 votes.
Less than 1 year
9%
1-4 years
51%
5-9 years
13%
10-19 years
18%
20 years or more
8%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Consumer Loan Processor Salaries

Experienced
▲15%

Mid-Career
▲4%

National Average
$35,000

Late-Career
▼2%

Entry-Level
▼6%

Skills That Affect Consumer Loan Processor Salaries

Loan Processing
▲4%

National Average
$35,000

Consumer Loans
▼2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
9%
1-4 years
51%
5-9 years
13%
10-19 years
18%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 75%
vision benefits
Vision: 67%
no benefits
None: 15%
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