As of March 01, 2025, the average annual salary for a Consumer Loan Officer II in the United States is $55,290. According to Salary.com, salaries can range from a low of $44,374 to a high of $64,856, with most professionals earning between $49,576 and $60,297.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $60,297 | $5,025 | $1,160 | $29 |
| Average | $55,290 | $4,607 | $1,063 | $27 |
| 25th Percentile | $49,576 | $4,131 | $953 | $24 |
An entry-level Consumer Loan Officer II with less than 1 year of experience earns about $54,198. With 1-2 years of experience, the average salary increases to $54,767. For 2-4 years of experience, the pay typically rises to $55,875. Senior-level professionals with 5-8 years of experience earn around $56,097, and those with over 8 years of experience can expect an average of $56,245.
| Levels | Salary |
|---|---|
| Entry Level Consumer Loan Officer II | $54,198 |
| Intermediate Level Consumer Loan Officer II | $54,767 |
| Senior Level Consumer Loan Officer II | $55,875 |
| Specialist Level Consumer Loan Officer II | $56,097 |
| Expert Level Consumer Loan Officer II | $56,245 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 1% |
| Top Level | 1% |
| Experienced | 2% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Consumer Loan Officer II compensation over the past six years. For example, the median salary increased from $45,773 in 2023 to approximately $46,051 in 2024. (For a detailed analysis of Consumer Loan Officer II salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Consumer Loan Officer II information for you to search for. Click on search button below to see Consumer Loan Officer II job openings or enter a new job title here.
Here are companies hiring for Consumer Loan Officer II and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $55,290 | 68.7% | ||
| Bonus | $1,535 | 1.9% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,347 | 5.4% | ||
| 401K/403B | $2,671 | 3.3% | ||
| Disability | $455 | 0.6% | ||
| Healthcare | $6,056 | 7.5% | ||
| Pension | $3,125 | 3.9% | ||
| Time Off | $6,994 | 8.7% | ||
| Total Compensation | $80,473 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 1.5% |
| High School | 26.3% |
| Associates | 11.2% |
| Bachelors | 54.1% |
| Masters | 6.3% |
| Doctorate | 0.5% |
What Am I Worth?
The average annual salary of Consumer Loan Officer II is $55,290. In case you are finding an easy salary calculator, the average hourly pay of Consumer Loan Officer II is $27; the average weekly pay of Consumer Loan Officer II is $1,063; the average monthly pay of Consumer Loan Officer II is $4,607.
A Consumer Loan Officer II's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Consumer Loan Officer II earns the most in San Jose, CA, where the annual salary of a Consumer Loan Officer II is $69,389.
The highest pay for Consumer Loan Officer II is $64,856.
The lowest pay for Consumer Loan Officer II is $44,374.
Consumer Loan Officer II 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 II 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 II 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 II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Consumer Loan Officer II typically requires 1-3 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
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