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

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.

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 $47,410, a Loan Processor II (1-3 years)earns $53,114, a Loan Processor III (3-5 years)earns $64,404, a Loan Processing Supervisor (5+ years)earns $69,600,

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

Consumer Loan Processor salary varies significantly by city. The top 3 highest paying cities in Massachusetts for Consumer Loan Processor roles are San Jose $55,329, San Francisco $54,724, Oakland $53,570.

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: $96,700; Senior Consumer Loan Processor: $59,400; Loan Processor III: $59,301; Consumer Loan Assistant: $52,390.

What specialized skills increase a Consumer Loan Processor's salary?

Skills with high demand and low supply, such as Listening (up to 38% premium), Leadership (up to 28% premium), Pricing (up to 18% premium), directly translate to higher compensation. Employers pay more for these capabilities to gain a competitive edge.

Consumer Loan Processor Salary in Bedford, MA

How much does a Consumer Loan Processor make in Bedford, MA?

As of September 01, 2026, the average salary for a Consumer Loan Processor in Bedford, MA is $47,147 per year, which breaks down to an hourly rate of $23.

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

Top Earners (90th percentile): $53,215
Majority Range (25th-75th percentile): $43,363 to $50,323
Entry-Level (10th percentile): $39,918

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Consumer Loan Processor Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$50,323	$4,194	$968	$24
Average	$47,147	$3,929	$907	$23
25th Percentile	$43,363	$3,614	$834	$21

You may get higher pay by adjusting the following factors:

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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, skills and company size can directly affect your earning potential.

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: $55,329
San Francisco: $54,724
Oakland: $53,570

San Jose, CA $55,329

San Francisco, CA $54,724

Oakland, CA $53,570

New York, NY $50,508

Paramus, NJ $49,894

Queens Village, NY $49,892

Passaic, NJ $49,850

Bergenfield, NJ $49,846

Stamford, CT $49,749

Huntington, NY $49,731

Newark, NJ $49,407

Bridgeport, CT $49,315

Vallejo, CA $49,227

New Brunswick, NJ $49,210

Petaluma, CA $49,184

Middlesex, NJ $49,100

Somerset, NJ $49,070

Santa Cruz, CA $49,012

Boston, MA $48,745

Monterey, CA $48,591

Seattle, WA $48,490

Santa Rosa, CA $48,482

Los Angeles, CA $48,469

Juneau, AK $48,354

Washington, DC $48,306

Orange, CA $48,150

Santa Ana, CA $48,034

Long Beach, CA $47,990

Anaheim, CA $47,982

Anchorage, AK $47,960

Santa Maria, CA $47,828

Everett, WA $47,819

Danbury, CT $47,665

Bremerton, WA $47,604

Tacoma, WA $47,446

New Suffolk, NY $47,446

Sacramento, CA $47,433

Santa Barbara, CA $47,385

Trenton, NJ $47,337

San Diego, CA $47,337

Brockton, MA $47,289

Fairbanks, AK $47,181

Lompoc, CA $47,069

Lowell, MA $47,034

Ventura, CA $47,025

Nashua, NH $47,017

Stockton, CA $47,012

Modesto, CA $46,692

Poughkeepsie, NY $46,595

Olympia, WA $46,512

Kennewick, WA $46,512

New Haven, CT $46,495

Lawrence, MA $46,337

Hartford, CT $46,293

Riverside, CA $46,284

New Bedford, MA $46,240

Richland, WA $46,240

Bakersfield, CA $46,179

San Bernardino, CA $46,161

New Britain, CT $46,157

Atlantic City, NJ $46,157

New London, CT $46,139

Norwich, CT $46,126

Portsmouth, NH $46,117

Boulder, CO $46,024

Portland, OR $45,964

Worcester, MA $45,959

Minneapolis, MN $45,823

Philadelphia, PA $45,762

Honolulu, HI $45,617

Saint Paul, MN $45,596

Vineland, NJ $45,586

Providence, RI $45,459

Chicago, IL $45,332

Bellingham, WA $45,279

Springfield, MA $45,244

Baltimore, MD $45,231

Chico, CA $45,121

Pittsfield, MA $45,003

Manchester, NH $44,920

Spokane, WA $44,727

Denver, CO $44,722

Albany, NY $44,516

Troy, NY $44,499

Nassau, NY $44,452

Schenectady, NY $44,406

Wilmington, DE $44,371

Burlington, VT $44,310

Salem, OR $44,292

Portland, ME $44,156

Yakima, WA $44,113

Rochester, MN $43,977

Reno, NV $43,955

Fresno, CA $43,955

Milwaukee, WI $43,915

Detroit, MI $43,871

Ann Arbor, MI $43,864

Allentown, PA $43,858

Colorado Springs, CO $43,784

Syracuse, NY $43,762

Carson City, NV $43,762

Houston, TX $43,700

Eugene, OR $43,678

Gary, IN $43,626

Springfield, OR $43,591

Bismarck, ND $43,582

Galveston, TX $43,551

Medford, OR $43,485

Fort Collins, CO $43,468

Concord, NH $43,446

Austin, TX $43,433

Mesa, AZ $43,340

Reading, PA $43,336

Phoenix, AZ $43,332

Dallas, TX $43,319

Saint Cloud, MN $43,276

Madison, WI $43,218

Utica, NY $43,099

Rochester, NY $43,029

Des Moines, IA $43,025

Raleigh, NC $43,020

Atlanta, GA $42,954

Battle Creek, MI $42,941

Salt Lake City, UT $42,928

Lancaster, PA $42,862

Harrisburg, PA $42,801

Kansas City, MO $42,757

Champaign, IL $42,748

Kansas City, KS $42,748

Fort Worth, TX $42,744

Columbus, OH $42,736

Boca Raton, FL $42,726

Pittsburgh, PA $42,709

Richmond, VA $42,691

Indianapolis, IN $42,682

Cleveland, OH $42,678

Las Vegas, NV $42,625

Cincinnati, OH $42,625

Petersburg, VA $42,560

Huntsville, AL $42,494

Lansing, MI $42,464

Lebanon, PA $42,459

Pueblo, CO $42,454

Appleton, WI $42,441

Buffalo, NY $42,424

Dayton, OH $42,411

Racine, WI $42,402

Charlotte, NC $42,397

Saint Louis, MO $42,384

York, PA $42,358

Elkhart, IN $42,358

Gastonia, NC $42,350

Billings, MT $42,339

Beaumont, TX $42,327

Lorain, OH $42,318

Benton Harbor, MI $42,310

Toledo, OH $42,301

Binghamton, NY $42,279

Rock Hill, SC $42,275

Rockford, IL $42,253

Springfield, IL $42,235

Elyria, OH $42,231

Fargo, ND $42,231

Flagstaff, AZ $42,200

Fort Lauderdale, FL $42,174

Duluth, MN $42,147

Miami, FL $42,147

Cheyenne, WY $42,117

Grand Forks, ND $42,117

Bangor, ME $42,020

Cedar Rapids, IA $41,972

Durham, NC $41,953

Louisville, KY $41,950

Grand Rapids, MI $41,941

Hialeah, FL $41,937

Casper, WY $41,875

Scranton, PA $41,823

New Orleans, LA $41,810

Virginia Beach, VA $41,805

Akron, OH $41,783

Peoria, IL $41,726

Sarasota, FL $41,717

Nashville, TN $41,687

Omaha, NE $41,687

Green Bay, WI $41,687

Baton Rouge, LA $41,665

Charleston, SC $41,656

Jamestown, NY $41,634

Davenport, IA $41,634

Tucson, AZ $41,612

Saint Petersburg, FL $41,586

Tampa, FL $41,577

Evansville, IN $41,551

Port Arthur, TX $41,551

Bradenton, FL $41,533

Santa Fe, NM $41,454

Orlando, FL $41,375

Clearwater, FL $41,362

Canton, OH $41,270

La Crosse, WI $41,270

Albuquerque, NM $41,244

Newport News, VA $41,239

High Point, NC $41,226

Ogden, UT $41,209

Corpus Christi, TX $41,173

Norfolk, VA $41,147

Laramie, WY $41,147

Rock Island, IL $41,121

Saginaw, MI $41,112

Jacksonville, FL $41,108

Salisbury, NC $41,099

Boise, ID $41,090

Moline, IL $41,068

Fort Myers, FL $41,055

Memphis, TN $41,046

Tulsa, OK $41,024

Waterloo, IA $40,998

Spartanburg, SC $40,954

Lincoln, NE $40,932

Fort Wayne, IN $40,923

Provo, UT $40,919

Cedar Falls, IA $40,866

San Antonio, TX $40,849

Greensboro, NC $40,831

South Bend, IN $40,827

Savannah, GA $40,779

Muskegon, MI $40,761

Birmingham, AL $40,757

Winston Salem, NC $40,735

Lake Charles, LA $40,630

Anderson, IN $40,621

Lexington, KY $40,608

Augusta, GA $40,594

Greenville, SC $40,594

Lima, OH $40,559

Wichita, KS $40,555

Tuscaloosa, AL $40,555

Columbia, SC $40,515

Springfield, OH $40,507

Asheville, NC $40,437

Bloomington, IN $40,406

Knoxville, TN $40,248

Shreveport, LA $40,243

Wilmington, NC $40,186

Roanoke, VA $40,186

Topeka, KS $40,108

Frankfort, KY $40,103

Oklahoma City, OK $40,072

Chillicothe, OH $40,055

Longview, TX $40,050

Melbourne, FL $40,046

Sioux Falls, SD $39,976

Mobile, AL $39,972

Terre Haute, IN $39,954

Altoona, PA $39,928

Amarillo, TX $39,897

Killeen, TX $39,884

Fayetteville, AR $39,849

Chattanooga, TN $39,836

Sioux City, IA $39,796

Idaho Falls, ID $39,787

Lynchburg, VA $39,752

Gainesville, FL $39,695

Portsmouth, OH $39,673

Little Rock, AR $39,664

Lafayette, LA $39,647

Youngstown, OH $39,647

Daytona Beach, FL $39,621

Clarksville, TN $39,616

Pensacola, FL $39,612

Temple, TX $39,609

Hopkinsville, KY $39,480

Erie, PA $39,471

Florence, SC $39,454

Charleston, WV $39,384

Great Falls, MT $39,362

Macon, GA $39,300

Tallahassee, FL $39,296

Fayetteville, NC $39,287

Waco, TX $39,278

Helena, MT $39,248

Pine Bluff, AR $39,231

Vincennes, IN $39,178

Lubbock, TX $39,160

Alamogordo, NM $39,134

Twin Falls, ID $39,094

Rapid City, SD $39,081

Jackson, MS $39,002

Huntington, WV $38,999

Greenville, MS $38,998

Parkersburg, WV $38,953

Montgomery, AL $38,945

Wichita Falls, TX $38,901

Springfield, MO $38,901

Biloxi, MS $38,879

Monroe, LA $38,835

Johnstown, PA $38,805

Sumter, SC $38,787

Columbus, GA $38,783

Pascagoula, MS $38,699

Abilene, TX $38,699

Kingsport, TN $38,585

Albany, GA $38,585

Gulfport, MS $38,572

Alexandria, LA $38,427

Fort Smith, AR $38,318

El Paso, TX $38,199

Las Cruces, NM $38,002

Harlingen, TX $37,890

Pocatello, ID $37,883

Florence, AL $37,826

Brownsville, TX $37,818

Mcallen, TX $37,726

Dothan, AL $37,664

Columbus, MS $37,404

Altus, OK $37,199

Lawton, OK $37,116

Pierre, SD $36,958

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	$65,063	38%
Leadership	$60,348	28%
Pricing	$55,633	18%
Underwriting	$53,276	13%
Coordination	$51,390	9%
Verbal Communication	$50,919	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	$51,862	$25.0	10%

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 September 01, 2026

$43,363

Average $47,147/year

$50,323

$3,614

Average $3,929/month

$4,194

$834

Average $907/week

$968

$21

Average $23/hour

$24

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$50,323	$4,194	$968	$24
Average	$47,147	$3,929	$907	$23
25th Percentile	$43,363	$3,614	$834	$21

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