Average Loan Officer, Consumer Salary

$42,917
Avg. SalaryShow Hourly Rate
$1,941
Bonus
$3,000
Commission
$1,100
Profit Sharing
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The average salary for a Loan Officer, Consumer is $42,917.
10%
$30k
10%
$43k
50%
$60k
90%
90%
MEDIAN $42,917
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United States (change)
Salary
$30k - $60k
Bonus
$492 - $8k
Profit Sharing
$378 - $9k
Commission
$495 - $12k
Total Pay
$30k - $56k

Your Market Worth Over Time

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Job Description for Loan Officer, Consumer

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

Popular Employer Salaries for Loan Officer, Consumer

Career Paths

Explore the most common career paths for Loan Officer, Consumer. Thickness and color of lines indicates how common a path is.
Loan Officer, Consumer
Credit Analyst
Mortgage Loan Officer
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loan Officer, Consumer Job Listings

Popular Skills for Loan Officer, Consumer

Skills in Consumer Loans, Loan Underwriting and Loan Processing are correlated to pay that is above average. Skills that pay less than market rate include Account Sales and Customer Service.

Pay by Experience Level for Loan Officer, Consumer

An entry-level Loan Officer, Consumer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $38,293 based on 39 salaries. An early career Loan Officer, Consumer with 1-4 years of experience earns an average total compensation of $38,871 based on 110 salaries. A mid-career Loan Officer, Consumer with 5-9 years of experience earns an average total compensation of $44,161 based on 58 salaries. An experienced Loan Officer, Consumer with 10-19 years of experience earns an average total compensation of $44,693 based on 59 salaries. In their late career (20 years and higher), employees earn an average total compensation of $49,841.

Years of Experience

This data is based on 290 survey responses.
Entry Level
13.4%
Early Career
37.9%
Mid Career
20.0%
Experienced
20.3%
Late Career
8.3%

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