What are the main factors that influence a Consumer Loan Processor's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Consumer Loan Processor's salary?

A Consumer Loan Processor's salary grows with experience: a Consumer Loan Processor (0-1 years)earns $44,112, a Loan Processor II (1-3 years)earns $49,416, a Loan Processor III (3-5 years)earns $59,914, a Loan Processing Supervisor (5+ years)earns $64,748,

What are the highest paying states for a Consumer Loan Processor?

Consumer Loan Processor salary varies significantly by state. The top 3 highest paying states for Consumer Loan Processor roles are District of Columbia $48,571, California $48,386, Massachusetts $47,742. These tech hubs typically pay 10-15% above the national average.

How much do different types of Consumer Loan Processor roles make?

Salaries for Consumer Loan Processor level roles vary by specialization: Consumer Loan Director: $181,610; Consumer Loan Manager: $102,400; Senior Consumer Loan Processor: $59,300; Loan Processor III: $59,291; Consumer Loan Assistant: $52,390.

How do different companies affect a Consumer Loan Processor's salary?

Company size, industry, and compensation structure create significant salary variations for Consumer Loan Processor roles. Large, established industry leaders like Kpmg Us LLP ($114,295) and Warner Bros Discovery ($114,096) offer base salaries 35-40% above the national average. In contrast, smaller firms or startups may offer closer to $88,138.

Consumer Loan Processor Salary in the United States

How much does a Consumer Loan Processor make in the United States?

As of August 01, 2026, the average salary for a Consumer Loan Processor in the United States is $43,868 per year, which breaks down to an hourly rate of $21.

However, a Consumer Loan Processor's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $49,514
Majority Range (25th-75th percentile): $40,349 to $46,823
Entry-Level (10th percentile): $37,144

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Consumer Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$46,823	$3,902	$900	$23
Average	$43,868	$3,656	$844	$21
25th Percentile	$40,349	$3,362	$776	$19

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Key Factors That Influence Consumer Loan Processor Salaries

A Consumer Loan Processor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Do Consumer Loan Processor Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Consumer Loan Processors. For example, consider the average annual salaries in these key locations:

District of Columbia: $48,571.
California: $48,386.
Massachusetts: $47,742.

District of Columbia $48,571 California $48,386 Massachusetts $47,742 Washington $47,566 New Jersey $47,549 Alaska $47,487 Connecticut $46,882 New York $46,636

Hawaii $45,851 Rhode Island $45,482 Maryland $45,232 Minnesota $44,890 Colorado $44,759 Illinois $44,715 Oregon $44,548 Delaware $44,425

New Hampshire $44,348 Virginia $44,175 Pennsylvania $43,671 Nevada $43,416 North Dakota $43,333 Michigan $43,201 Wisconsin $43,153 Vermont $43,056

Texas $42,789 Maine $42,771 Arizona $42,745 Ohio $42,714 Georgia $42,311 Indiana $42,109 Wyoming $42,069 Utah $42,008

Iowa $41,982 Kansas $41,771 Louisiana $41,710 North Carolina $41,688 Missouri $41,679 Florida $41,508 Montana $41,416 Nebraska $41,328

Kentucky $41,280 South Carolina $41,104 Tennessee $40,995 Idaho $40,951 New Mexico $40,631 Oklahoma $40,560 Alabama $40,302 South Dakota $39,867

Arkansas $39,630 West Virginia $39,503 Mississippi $39,121

Top Paying Cities for Consumer Loan Processors

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

San Jose: $55,331
San Francisco: $54,725
Oakland: $53,572

San Jose, CA $55,331

San Francisco, CA $54,725

Oakland, CA $53,572

New York, NY $50,509

Paramus, NJ $49,895

Queens Village, NY $49,893

Passaic, NJ $49,851

Bergenfield, NJ $49,847

Stamford, CT $49,751

Huntington, NY $49,733

Newark, NJ $49,409

Bridgeport, CT $49,316

Vallejo, CA $49,229

New Brunswick, NJ $49,211

Petaluma, CA $49,185

Middlesex, NJ $49,101

Somerset, NJ $49,071

Santa Cruz, CA $49,014

Boston, MA $48,746

Monterey, CA $48,592

Seattle, WA $48,492

Santa Rosa, CA $48,483

Los Angeles, CA $48,470

Juneau, AK $48,356

Washington, DC $48,307

Orange, CA $48,151

Santa Ana, CA $48,035

Long Beach, CA $47,992

Anaheim, CA $47,983

Anchorage, AK $47,961

Santa Maria, CA $47,829

Everett, WA $47,821

Danbury, CT $47,666

Bremerton, WA $47,606

Tacoma, WA $47,448

New Suffolk, NY $47,447

Sacramento, CA $47,434

Santa Barbara, CA $47,386

Trenton, NJ $47,338

San Diego, CA $47,338

Brockton, MA $47,290

Fairbanks, AK $47,182

Lompoc, CA $47,070

Lowell, MA $47,035

Ventura, CA $47,026

Nashua, NH $47,018

Stockton, CA $47,013

Modesto, CA $46,693

Poughkeepsie, NY $46,597

Olympia, WA $46,513

Kennewick, WA $46,513

New Haven, CT $46,496

Lawrence, MA $46,338

Hartford, CT $46,294

Riverside, CA $46,285

New Bedford, MA $46,241

Richland, WA $46,241

Bakersfield, CA $46,180

San Bernardino, CA $46,162

New Britain, CT $46,158

Atlantic City, NJ $46,158

New London, CT $46,140

Norwich, CT $46,127

Portsmouth, NH $46,118

Boulder, CO $46,025

Portland, OR $45,965

Worcester, MA $45,961

Minneapolis, MN $45,825

Philadelphia, PA $45,763

Honolulu, HI $45,618

Saint Paul, MN $45,597

Vineland, NJ $45,588

Providence, RI $45,460

Chicago, IL $45,333

Bellingham, WA $45,281

Springfield, MA $45,245

Baltimore, MD $45,232

Chico, CA $45,123

Pittsfield, MA $45,004

Manchester, NH $44,921

Spokane, WA $44,728

Denver, CO $44,723

Albany, NY $44,517

Troy, NY $44,500

Nassau, NY $44,453

Schenectady, NY $44,408

Wilmington, DE $44,372

Burlington, VT $44,311

Salem, OR $44,294

Portland, ME $44,158

Yakima, WA $44,114

Rochester, MN $43,978

Reno, NV $43,956

Fresno, CA $43,956

Milwaukee, WI $43,916

Detroit, MI $43,872

Ann Arbor, MI $43,865

Allentown, PA $43,859

Colorado Springs, CO $43,785

Syracuse, NY $43,763

Carson City, NV $43,763

Houston, TX $43,701

Eugene, OR $43,679

Gary, IN $43,627

Springfield, OR $43,592

Bismarck, ND $43,583

Galveston, TX $43,552

Medford, OR $43,486

Fort Collins, CO $43,469

Concord, NH $43,447

Austin, TX $43,434

Mesa, AZ $43,342

Reading, PA $43,337

Phoenix, AZ $43,333

Dallas, TX $43,320

Saint Cloud, MN $43,278

Madison, WI $43,219

Utica, NY $43,100

Rochester, NY $43,030

Des Moines, IA $43,026

Raleigh, NC $43,021

Atlanta, GA $42,956

Battle Creek, MI $42,942

Salt Lake City, UT $42,929

Lancaster, PA $42,863

Harrisburg, PA $42,802

Kansas City, MO $42,758

Champaign, IL $42,749

Kansas City, KS $42,749

Fort Worth, TX $42,745

Columbus, OH $42,738

Boca Raton, FL $42,727

Pittsburgh, PA $42,710

Richmond, VA $42,692

Indianapolis, IN $42,684

Cleveland, OH $42,679

Las Vegas, NV $42,627

Cincinnati, OH $42,627

Petersburg, VA $42,561

Huntsville, AL $42,495

Lansing, MI $42,466

Lebanon, PA $42,460

Pueblo, CO $42,455

Appleton, WI $42,442

Buffalo, NY $42,425

Dayton, OH $42,412

Racine, WI $42,403

Charlotte, NC $42,398

Saint Louis, MO $42,385

York, PA $42,359

Elkhart, IN $42,359

Gastonia, NC $42,351

Billings, MT $42,340

Beaumont, TX $42,328

Lorain, OH $42,319

Benton Harbor, MI $42,311

Toledo, OH $42,302

Binghamton, NY $42,280

Rock Hill, SC $42,276

Rockford, IL $42,254

Springfield, IL $42,236

Elyria, OH $42,232

Fargo, ND $42,232

Flagstaff, AZ $42,201

Fort Lauderdale, FL $42,175

Duluth, MN $42,148

Miami, FL $42,148

Cheyenne, WY $42,118

Grand Forks, ND $42,118

Bangor, ME $42,021

Cedar Rapids, IA $41,973

Durham, NC $41,954

Louisville, KY $41,951

Grand Rapids, MI $41,942

Hialeah, FL $41,938

Casper, WY $41,876

Scranton, PA $41,824

New Orleans, LA $41,811

Virginia Beach, VA $41,806

Akron, OH $41,784

Peoria, IL $41,727

Sarasota, FL $41,718

Nashville, TN $41,688

Omaha, NE $41,688

Green Bay, WI $41,688

Baton Rouge, LA $41,666

Charleston, SC $41,657

Jamestown, NY $41,635

Davenport, IA $41,635

Tucson, AZ $41,613

Saint Petersburg, FL $41,587

Tampa, FL $41,578

Evansville, IN $41,552

Port Arthur, TX $41,552

Bradenton, FL $41,534

Santa Fe, NM $41,455

Orlando, FL $41,376

Clearwater, FL $41,363

Canton, OH $41,271

La Crosse, WI $41,271

Albuquerque, NM $41,245

Newport News, VA $41,240

High Point, NC $41,227

Ogden, UT $41,210

Corpus Christi, TX $41,175

Norfolk, VA $41,148

Laramie, WY $41,148

Rock Island, IL $41,122

Saginaw, MI $41,113

Jacksonville, FL $41,109

Salisbury, NC $41,100

Boise, ID $41,091

Moline, IL $41,069

Fort Myers, FL $41,056

Memphis, TN $41,047

Tulsa, OK $41,025

Waterloo, IA $40,999

Spartanburg, SC $40,955

Lincoln, NE $40,933

Fort Wayne, IN $40,924

Provo, UT $40,920

Cedar Falls, IA $40,867

San Antonio, TX $40,850

Greensboro, NC $40,832

South Bend, IN $40,828

Savannah, GA $40,780

Muskegon, MI $40,762

Birmingham, AL $40,758

Winston Salem, NC $40,736

Lake Charles, LA $40,631

Anderson, IN $40,622

Lexington, KY $40,609

Augusta, GA $40,595

Greenville, SC $40,595

Lima, OH $40,560

Wichita, KS $40,556

Tuscaloosa, AL $40,556

Columbia, SC $40,516

Springfield, OH $40,508

Asheville, NC $40,438

Bloomington, IN $40,407

Knoxville, TN $40,249

Shreveport, LA $40,245

Wilmington, NC $40,187

Roanoke, VA $40,187

Topeka, KS $40,109

Frankfort, KY $40,104

Oklahoma City, OK $40,073

Chillicothe, OH $40,056

Longview, TX $40,051

Melbourne, FL $40,047

Sioux Falls, SD $39,977

Mobile, AL $39,973

Terre Haute, IN $39,955

Altoona, PA $39,929

Amarillo, TX $39,898

Killeen, TX $39,885

Fayetteville, AR $39,850

Chattanooga, TN $39,837

Sioux City, IA $39,797

Idaho Falls, ID $39,788

Lynchburg, VA $39,753

Gainesville, FL $39,696

Portsmouth, OH $39,674

Little Rock, AR $39,665

Lafayette, LA $39,648

Youngstown, OH $39,648

Daytona Beach, FL $39,622

Clarksville, TN $39,617

Pensacola, FL $39,613

Temple, TX $39,610

Hopkinsville, KY $39,481

Erie, PA $39,472

Florence, SC $39,455

Charleston, WV $39,385

Great Falls, MT $39,363

Macon, GA $39,301

Tallahassee, FL $39,297

Fayetteville, NC $39,288

Waco, TX $39,279

Helena, MT $39,249

Pine Bluff, AR $39,232

Vincennes, IN $39,179

Lubbock, TX $39,161

Alamogordo, NM $39,135

Twin Falls, ID $39,095

Rapid City, SD $39,082

Jackson, MS $39,003

Huntington, WV $39,000

Greenville, MS $38,999

Parkersburg, WV $38,954

Montgomery, AL $38,946

Wichita Falls, TX $38,902

Springfield, MO $38,902

Biloxi, MS $38,880

Monroe, LA $38,836

Johnstown, PA $38,806

Sumter, SC $38,788

Columbus, GA $38,784

Pascagoula, MS $38,700

Abilene, TX $38,700

Kingsport, TN $38,586

Albany, GA $38,586

Gulfport, MS $38,573

Alexandria, LA $38,428

Fort Smith, AR $38,319

El Paso, TX $38,200

Las Cruces, NM $38,003

Harlingen, TX $37,891

Pocatello, ID $37,884

Florence, AL $37,827

Brownsville, TX $37,819

Mcallen, TX $37,726

Dothan, AL $37,665

Columbus, MS $37,404

Altus, OK $37,200

Lawton, OK $37,117

Pierre, SD $36,959

What Skills Can Increase a Consumer Loan Processor's Salary?

Demanded Skills for the Role:

Customer Service (Mentioned in 10.13% Job Postings): 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.
Data Entry (Mentioned in 2.88% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
Loan Review (Mentioned in 1.35% Job Postings): Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.

See More Skills

Skills	Demand Percentage
Customer Service	10.13%
Data Entry	2.88%
Loan Review	1.35%

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Consumer Loan Processor's salary.

Listening: Can increase your salary by up to 38%.
Leadership: Can increase your salary by up to 28%.
Pricing: Can increase your salary by up to 18%.

Skill	Salary	Salary % Increase
Listening	$60,538	38%
Leadership	$56,151	28%
Pricing	$51,764	18%
Underwriting	$49,571	13%
Coordination	$47,816	9%
Verbal Communication	$47,377	8%

Get Latest Data

Consumer Loan Processor Salary by Industry: Top Paying Sectors

For Consumer Loan Processor roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Business Services, offers compensation 10% above the average. Conversely, Consumer Loan Processor positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Consumer Loan Processor as a support function rather than a direct revenue driver.

The top paying industry for a Consumer Loan Processor

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Business Services	$48,255	$23.0	10%

How Education impacts a Consumer Loan Processor's Salary?

Your level of education can impact your salary potential. While many Consumer Loan Processors enter the field with a High School Diploma or Technical Certificate degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Consumer Loan Processor with a High School Diploma or Technical Certificate is between $39,683 and $42,442).

Consumer Loan Processor Salaries by Degree Level

Typical Education for Consumer Loan Processor

No Diploma 2.7%

High School 34.5%

Associates 15.9%

Bachelors 45.1%

Masters 1.8%

Doctorate 0.0%

view as table

Degree Level	% of user with this level of education
No Diploma	2.7%
High School	34.5%
Associates	15.9%
Bachelors	45.1%
Masters	1.8%
Doctorate	0.0%

view as graph

Consumer Loan Processor Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Consumer Loan Processor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on August 01, 2026

$40,349

Average $43,868/year

$46,823

$3,362

Average $3,656/month

$3,902

$776

Average $844/week

$900

$19

Average $21/hour

$23

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$46,823	$3,902	$900	$23
Average	$43,868	$3,656	$844	$21
25th Percentile	$40,349	$3,362	$776	$19

Salaries of jobs related to Consumer Loan Processor

Salary Trends for Consumer Loan Processor

Salaries for a Consumer Loan Processor can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $41,638 in 2023 to around $41,437 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Consumer Loan Processor salary trends, .

Average Annual Salary of Consumer Loan Processor Over Time

2022

$???

2023

$41,638

2024

$41,678

2025

$41,437

2026

$???

2027

$???

Year	Average Annual Salary
2022	View More
2023	$41,638
2024	$41,678
2025	$41,437
2026	View More
2027	View More

Most common benefits for Consumer Loan Processor

Social Security

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Disability

Healthcare

Pension

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FAQ about Consumer Loan Processor

1. What industry pays the highest salary for Consumer Loan Processor?

The Business Services industry offers the highest average compensation for Consumer Loan Processor roles, with salaries approximately 10% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

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