How much does a Consumer Loan Officer III make in the United States? The average Consumer Loan Officer III salary in the United States is $65,101 as of February 26, 2024, but the range typically falls between $57,745 and $73,879. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Consumer Loan Officer III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Consumer Loan Officer III Salary $51,049 US February 26, 2024
25th Percentile Consumer Loan Officer III Salary $57,745 US February 26, 2024
50th Percentile Consumer Loan Officer III Salary $65,101 US February 26, 2024
75th Percentile Consumer Loan Officer III Salary $73,879 US February 26, 2024
90th Percentile Consumer Loan Officer III Salary $81,871 US February 26, 2024
25% $57,745 10% $51,049 90% $81,871 75% $73,879 $65,101 50%(Median) Didn’t find job title? Click
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What skills does a Consumer Loan Officer III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.

2.

Bank Secrecy Act: The Currency and Foreign Transactions Reporting Act of 1970—which legislative framework is commonly referred to as the "Bank Secrecy Act" (BSA)—requires U.S. financial institutions to assist U.S. government agencies to detect and prevent money laundering.

3.

Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.

Products and Services 7.16%
Bank Secrecy Act 2%
Business Development 1.17%
Others 89.67%

Job Description for Consumer Loan Officer III

Consumer Loan Officer III develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Being a Consumer Loan Officer III evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Additionally, Consumer Loan Officer III maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. The Consumer Loan Officer III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Consumer Loan Officer III typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Consumer Loan Officer III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Consumer Loan Officer III, the first career path typically progresses to Consumer Lending Manager.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Consumer Loan Officer III salary varies from city to city. Compared with national average salary of Consumer Loan Officer III, the highest Consumer Loan Officer III salary is in San Francisco, CA, where the Consumer Loan Officer III salary is 25.0% above. The lowest Consumer Loan Officer III salary is in Miami, FL, where the Consumer Loan Officer III salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Consumer Loan Officer III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
57745
73879
65101

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
60527
82060
70645
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Consumer Loan Officer III in the United States. The base salary for Consumer Loan Officer III ranges from $57,745 to $73,879 with the average base salary of $65,101. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $60,527 to $82,060 with the average total cash compensation of $70,645.
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57745
73879

 

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Skills associated with Consumer Loan Officer III: New Business Development, Loan Software, Risk Analysis, Lending Regulatory Compliance ...More

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Consumer Loan Officer III Salary in United States
Consumer Loan Officer III Salary Graph, Regional Distribution and Summary