As of April 01, 2025, the average annual salary for a Consumer Loan Officer III in the United States is $61,488. Salary.com reports that pay typically ranges from $53,401 to $68,064, with most professionals earning between $46,038 and $74,051.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $68,064 | $5,672 | $1,309 | $33 |
| Average | $61,488 | $5,124 | $1,182 | $30 |
| 25th Percentile | $53,401 | $4,450 | $1,027 | $26 |
An entry-level Consumer Loan Officer III with less than 1 year of experience earns about $58,833. With 1-2 years of experience, the average salary increases to $59,074. For 2-4 years of experience, the pay typically rises to $61,979. Senior-level professionals with 5-8 years of experience earn around $64,727, and those with over 8 years of experience can expect an average of $64,923.
| Levels | Salary |
|---|---|
| Entry Level Consumer Loan Officer III | $58,833 |
| Intermediate Level Consumer Loan Officer III | $59,074 |
| Senior Level Consumer Loan Officer III | $61,979 |
| Specialist Level Consumer Loan Officer III | $64,727 |
| Expert Level Consumer Loan Officer III | $64,923 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 1% |
| Top Level | 5% |
| Experienced | 6% |
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 April 01, 2025, our research reveals a significant shift in Consumer Loan Officer III compensation over the past six years. For example, the median salary increased from $51,279 in 2023 to approximately $51,157 in 2024. (For a detailed analysis of Consumer Loan Officer III 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 III information for you to search for. Click on search button below to see Consumer Loan Officer III job openings or enter a new job title here.
Here are companies hiring for Consumer Loan Officer III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $61,488 | 71.0% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $4,704 | 5.4% | ||
| 401K/403B | $2,890 | 3.3% | ||
| Disability | $492 | 0.6% | ||
| Healthcare | $6,056 | 7.0% | ||
| Pension | $3,382 | 3.9% | ||
| Time Off | $7,568 | 8.7% | ||
| Total Compensation | $86,579 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 1.4% |
| High School | 28.8% |
| Associates | 13.0% |
| Bachelors | 52.1% |
| Masters | 4.8% |
What Am I Worth?
The average annual salary of Consumer Loan Officer III is $61,488. In case you are finding an easy salary calculator, the average hourly pay of Consumer Loan Officer III is $30; the average weekly pay of Consumer Loan Officer III is $1,182; the average monthly pay of Consumer Loan Officer III is $5,124.
A Consumer Loan Officer III'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 III earns the most in San Jose, CA, where the annual salary of a Consumer Loan Officer III is $77,555.
The highest pay for Consumer Loan Officer III is $74,051.
The lowest pay for Consumer Loan Officer III is $46,038.
Develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. 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. 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. Works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. Typically requires 3-5 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.
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.
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.
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.
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