Consumer Loan Processor Salaries in Minnesota
How Much Does a Consumer Loan Processor Make in Minnesota?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Consumer Loan Processor in Minnesota is $44,330.
While Salary.com is seeing that Consumer Loan Processor salary in MN can go up to $53,566
or down to $34,254, but most earn between $39,056 and $49,164.
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 Loan Processor
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Similar Job Salaries to Consumer Loan Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
gpac
Loan Processor
|
$59,459/yr
|
RANGE: $53,473 - $65,444
|
|
Lake Region Bank
Loan Services/RE Loan Processor
|
$48,729/yr
|
RANGE: $44,417 - $53,041
|
|
Merck Sharp & Dohme FCU
Consumer Loan Processor
|
$60,015/yr
|
RANGE: $54,110 - $65,921
|
|
First Tech Federal Credit Union
Consumer Loan Processor
|
$61,744/yr
|
RANGE: $55,668 - $67,819
|
|
Beacon Credit Union
Consumer Loan Processor
|
$55,406/yr
|
RANGE: $49,714 - $61,097
|
|
BancFirst Corporation
Consumer Loan Processor
|
$50,807/yr
|
RANGE: $45,808 - $55,807
|
|
Farmers National Bank of Canfield
Consumer Loan Processor
|
$55,770/yr
|
RANGE: $50,041 - $61,499
|
|
Hanscom
Consumer Loan Processor
|
$61,589/yr
|
RANGE: $55,529 - $67,649
|
|
Beacon Hill Financial - St. Louis 2
Consumer Loan Processor
|
$58,627/yr
|
RANGE: $52,605 - $64,649
|
|
Goldenwest Credit Union
Consumer Loan Processor
|
$57,967/yr
|
RANGE: $52,012 - $63,921
|
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 $45,340 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 $44,330,
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 | $45,340 | $3,778 | $872 | $22 |
| Saint Paul | $45,340 | $3,778 | $872 | $22 |
| Minnetonka | $45,340 | $3,778 | $872 | $22 |
| Eden Prairie | $45,262 | $3,772 | $870 | $22 |
| Burnsville | $45,210 | $3,767 | $869 | $22 |
| Lakeville | $45,054 | $3,754 | $866 | $22 |
| Rochester | $43,429 | $3,619 | $835 | $21 |
| Saint Cloud | $42,736 | $3,561 | $822 | $21 |
| Duluth | $41,553 | $3,463 | $799 | $20 |
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
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Explore JobArchitectFrequently 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 $39,056 to $49,164, and the average Consumer Loan Processor salary is $44,330/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 $54,641
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.
