How Much Does a Consumer Loan Processor Make in Minnesota?

Updated April 24, 2024
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Individually reported data submitted by users of our website

Low Confidence
$42,750/yr
Average Base Pay
Low $37,751
Average $42,750
High $47,621
The average salary for Consumer Loan Processor is $42,750 per year in Minnesota.

Related Job Titles to Consumer Loan Processor

Senior Consumer Loan Processor
$55,200
Minnesota
Per Year
Entry Consumer Loan Processor
$43,100
Minnesota
Per Year
Intermediate Consumer Loan Processor
$47,400
Minnesota
Per Year
Loan Processor I
$43,098
Minnesota
Per Year

Similar Job Salaries to Consumer Loan Processor by Company

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Company average base salary in (usd) range
North American Banking Company
Mortgage/Consumer Loan Processor
$51,847/yr
$45,248
$58,446
RANGE: $45,248 - $58,446
North American Banking Company
MORTGAGE/CONSUMER LOAN PROCESSOR, FT
$51,847/yr
$45,248
$58,446
RANGE: $45,248 - $58,446
First National Bank North
Loan Processor
$47,366/yr
$41,343
$53,388
RANGE: $41,343 - $53,388
DHI Mortgage
Loan Processor
$45,209/yr
$39,972
$50,445
RANGE: $39,972 - $50,445
OneMain Financial
Consumer loan specialist
$165,375/yr
$133,173
$197,577
RANGE: $133,173 - $197,577
OneMain Financial
Consumer Loan Sales Specialist
$179,250/yr
$149,769
$208,731
RANGE: $149,769 - $208,731

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Top 10 Highest Paying Cities For Consumer Loan Processor Jobs in Minnesota

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Consumer Loan Processor 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 Loan Processor job salaries in Minnesota. Some cities can pay higher salaries for Consumer Loan Processor jobs, which can indicate that there is a large demand for Consumer Loan Processor positions in this city.
The following table shows top 10 cities where the Consumer Loan Processor salary is higher than other cities in Minnesota. Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka. The Consumer Loan Processor salary is $44,338 in Minneapolis, which is higher than the national average. There are 7 cities' Consumer Loan Processor salary higher than national average in Minnesota.
The average salary for a Consumer Loan Processor in Minnesota is $42,750, but we found that the city with the highest salary for Consumer Loan Processor jobs is Minneapolis, MN, and it is higher than Saint Paul. Consumer Loan Processor jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Minneapolis $44,338 $3,695 $853 $21
Saint Paul $44,338 $3,695 $853 $21
Minnetonka $44,338 $3,695 $853 $21
Eden Prairie $44,255 $3,688 $851 $21
Burnsville $44,213 $3,684 $850 $21
Lakeville $44,046 $3,670 $847 $21
Rochester $41,915 $3,493 $806 $20
Saint Cloud $41,204 $3,434 $792 $20
Duluth $40,368 $3,364 $776 $19

What Does a Consumer Loan Processor Do?

Junior Loan Officer, Processor, and Closer programs graduating to Loan Officer, Loan Processor, and Closer in 90 days to six months.
Updated November 25, 2021
While the loan officer or broker may be the person who “got you the loan” to begin with, it’s the processor that will likely take over once you’ve been “sold.”.
Updated November 07, 2021
(Loan Processor Trainee) - (Pulte Mortgage) Loan Processor (Experienced) + Mortgage Banking 1 (MB1) Trainee Program (No Experience) -- Denver, CO salaries in Englewood, CO.
Updated December 21, 2021
A fee, such as an origination or other loan closing cost, that is waived by the creditor on the condition that the consumer does not prepay the loan.
Updated December 21, 2021
Except for consumer loan officers, who spend most of their time in offices, these workers may travel to visit clients.
Updated December 20, 2021

Frequently Asked Questions About a Consumer Loan Processor Salaries

What is the average of a Consumer Loan Processor in Minnesota?

The Consumer Loan Processor salary range is from $37,751 to $47,621, and the average Consumer Loan Processor salary is $42,750/year in Minnesota. The Consumer Loan Processor's salary will change in different locations.

Which location pays the highest Consumer Loan Processor salary in the United States?

The Consumer Loan Processor salary in San Jose, CA is $52,445 which is the highest in the US.

What kinds of reasons will influence the Consumer Loan Processor'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 Loan Processor.

What is the growth rate of the Consumer Loan Processor's salary?

If you are thinking of becoming a Consumer Loan Processor or planning the next step in your career, find the detailed salary report of a Consumer Loan Processor.