Consumer Direct Loan Officer Salaries in Massachusetts
How Much Does a Consumer Direct Loan Officer Make in Massachusetts?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Consumer Direct Loan Officer in Massachusetts is $59,691.
While Salary.com is seeing that Consumer Direct Loan Officer salary in MA can go up to $69,588
or down to $46,929, but most earn between $53,011 and $64,872.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Consumer Direct Loan Officer
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Consumer Direct Loan Officer by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
New American Funding
Sr. Loan Officer - Consumer Direct
|
$79,023/yr
|
RANGE: $69,001 - $89,044
|
|
Mutual of Omaha Mortgage
Experienced Loan Officer - Consumer Direct
|
$63,203/yr
|
RANGE: $56,209 - $70,196
|
|
Sunward Federal Credit Union
Consumer Direct Loan Officer 1
|
$59,969/yr
|
RANGE: $53,402 - $66,536
|
|
Sunward
Consumer Direct Loan Officer 1
|
$59,969/yr
|
RANGE: $53,402 - $66,536
|
Top 10 Highest Paying Cities For Consumer Direct Loan Officer Jobs in Massachusetts
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Consumer Direct Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Consumer Direct Loan Officer job salaries in Massachusetts.
Some cities can pay higher salaries for Consumer Direct Loan Officer jobs, which can indicate that there is a large demand for Consumer Direct Loan Officer positions in this city.
The following table shows top 10 cities where the Consumer Direct Loan Officer salary is higher than other cities in Massachusetts.
Boston takes first place in this list, followed by Cambridge, Waltham.
The Consumer Direct Loan Officer salary is $61,502 in Boston,
which is higher than the national average. There are 36 cities' Consumer Direct Loan Officer salary higher than national average in Massachusetts.
The average salary for a Consumer Direct Loan Officer in Massachusetts is $59,691,
but we found that the city with the highest salary for Consumer Direct Loan Officer jobs is Boston, MA, and it is higher than Cambridge.
Consumer Direct Loan Officer jobs in Boston can have the opportunity to earn higher salaries than in other cities in Massachusetts.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Boston | $61,502 | $5,125 | $1,183 | $30 |
| Cambridge | $61,502 | $5,125 | $1,183 | $30 |
| Waltham | $61,502 | $5,125 | $1,183 | $30 |
| Newton | $61,502 | $5,125 | $1,183 | $30 |
| Arlington | $61,502 | $5,125 | $1,183 | $30 |
| Brookline | $61,502 | $5,125 | $1,183 | $30 |
| Lynn | $61,502 | $5,125 | $1,183 | $30 |
| Malden | $61,502 | $5,125 | $1,183 | $30 |
| Medford | $61,502 | $5,125 | $1,183 | $30 |
| Quincy | $61,502 | $5,125 | $1,183 | $30 |
What Does a Consumer Direct Loan Officer Do?
USDA loan limits curb the borrowing power of Direct Loan homebuyers, but loan sizes tend to be high enough to finance safe, comfortable homes for borrowers who are borrowing in qualifying areas.
Updated November 28, 2021
If the MLO is a loan officer, they’ll typically be paid an hourly rate or salary along with a commission earned per loan.
Updated November 18, 2021
Postcards, flyers, and letters all offer a method for consumer-direct lenders to convey information to prospective borrowers properly.
Updated November 17, 2021
The Direct Loan program and many private lenders offer an interest rate reduction for those who set up direct debit.
Updated December 19, 2021
For example, the Direct Loan program provides a 0.25% rate reduction which could result in substantial savings over the life of the loan.
Updated December 13, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Consumer Direct Loan Officer Salaries
What is the average of a Consumer Direct Loan Officer in Massachusetts?
The Consumer Direct Loan Officer salary range is from $53,011 to $64,872, and the average Consumer Direct Loan Officer salary is $59,691/year in Massachusetts.
The Consumer Direct Loan Officer's salary will change in different locations.
Which location pays the highest Consumer Direct Loan Officer salary in the United States?
The Consumer Direct Loan Officer salary in San Jose, CA is $68,854
which is the highest in the US.
What kinds of reasons will influence the Consumer Direct Loan Officer's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Consumer Direct Loan Officer.
What is the growth rate of the Consumer Direct Loan Officer's salary?
If you are thinking of becoming a Consumer Direct Loan Officer or planning the next step in your career, find the detailed salary report of a Consumer Direct Loan Officer.
