How much does a Consumer Loan Officer I make in Chicago, IL? The average Consumer Loan Officer I salary in Chicago, IL is $47,544 as of May 27, 2021, but the range typically falls between $39,618 and $51,258. 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. 

Based on HR-reported data: a national average with a geographic differential
25% $39,618 10% $32,402 90% $54,639 75% $51,258 $47,544 50%(Median)
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Check out Consumer Loan Officer jobs in Chicago, Illinois

Consumer Direct Loan Officer

Neighborhood Loans - Chicago, IL

Loan Officer Assistant

Fairway Independent Mortgage Corporation - Chicago, IL

Consumer Loan Coordinator - Chicago

The Federal Savings Bank - Chicago, IL

Loan Officer Assistant

Union Home Mortgage Corp. - Chicago, IL

Job Description for Consumer Loan Officer I

Consumer Loan Officer I develops and services consumer loans including auto, residential mortgage loans, and unsecured personal loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Being a Consumer Loan Officer I requires a high school diploma or its equivalent. Typically reports to a manager or head of a unit/department. The Consumer Loan Officer I may require 0-1 year of general work experience. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. (Copyright 2021 Salary.com)... View full job description

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Job Openings for Consumer Loan Officer I in Chicago, IL
Those that have already made the climb...
John D. Rainey, Chief Financial Officer and Executive Vice President, Global Customer Operations
PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumer... More
Fiscal Year Ended in 2019
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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
-2.6%
City, State Chicago, IL Compared to national average
+ 6.1%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 20.3%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
39618
51258
47544

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
41376
56172
49249
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Consumer Loan Officer I in Chicago, IL. The base salary for Consumer Loan Officer I ranges from $39,618 to $51,258 with the average base salary of $47,544. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $41,376 to $56,172 with the average total cash compensation of $49,249.
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39618
51258

 

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Consumer Loan Officer I Salary in popular cities: AuroraRockfordJoliet

Skills associated with Consumer Loan Officer I: Lending Regulatory Compliance, New Business Development, Loan Software, Loan Origination

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Salary estimation for Consumer Loan Officer I at companies like : PAYPAL HOLDINGS INC, RE/MAX HOLDINGS INC, Square, Inc.

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