How Much Does a Consumer Loan Specialist Make?

Updated March 26, 2024

Individually reported data submitted by users of our website

Normal Confidence
$64,671/yr
Average Base Pay
Low $56,756
Average $64,671
High $72,831
The average salary for Consumer Loan Specialist is $64,671 per year in the United States.

Related Job Titles to Consumer Loan Specialist

Consumer Loan Collector III
$50,948
US
Per Year
Consumer Loan Collector I
$39,555
US
Per Year
Consumer Loan Collector II
$44,451
US
Per Year
Loan Servicing Specialist I - Consumer Loans
$38,640
US
Per Year

Similar Job Salaries to Consumer Loan Specialist by Company

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Company average base salary in (usd) range
OneMain Financial
Consumer Loan Sales Specialist
$90,484/yr
$75,171
$105,797
RANGE: $75,171 - $105,797
Heights Finance Corporation
Consumer Loan Specialist
$101,874/yr
$83,769
$119,978
RANGE: $83,769 - $119,978

What Does a Consumer Loan Specialist Do?

Additionally, the consumer loan officer’s superiors may request justifications for an approval or denial.
Updated December 22, 2021
This program addresses the consumer lending decision and making sense of each step by covering the application process, financial statement analysis, credit analysis, loan structure, compliance, documentation procedures and closing.
Updated December 16, 2021
– The CFPB oversees consumer lending activities, ensuring that loan terms are fair and that consumers are not offered more than they are able to pay back.
Updated December 15, 2021
This ensures compliance with lending guidelines, while also providing a record of the approval or rejection process if the customer has questions about the consumer loan officer’s reasoning or determinations.
Updated December 14, 2021
The SAFE Mortgage Licensing Act is designed to enhance consumer protection and reduce fraud by encouraging states to establish minimum standards for the licensing and registration of state-licensed mortgage loan originators and for the.
Updated December 11, 2021

Frequently Asked Questions About a Consumer Loan Specialist Salaries

What is the average of a Consumer Loan Specialist in the United States?

The Consumer Loan Specialist salary range is from $56,756 to $72,831, and the average Consumer Loan Specialist salary is $64,671/year in the United States. The Consumer Loan Specialist's salary will change in different locations.

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

The Consumer Loan Specialist salary in San Jose, CA is $81,162 which is the highest in the US.

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

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

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

Recent Salary Report

Below are the most recent Consumer Loan Specialist salary reports. Employer name has been removed to protect anonymity.

$27 Hourly
A Consumer Loan Specialist in Lincoln, NE reported making $27 per hour
Lincoln, NE
3,000 - 7,6 employees
Part-Time
Company - Public
$62,253 Yearly
A Consumer Loan Specialist in Stratford, CT reported making $62,253 per year
Stratford, CT
200 - 6 employees
Full-Time
Company - Private
$53,898 Yearly
A Consumer Loan Specialist in Norman, OK reported making $53,898 per year
Norman, OK
100 - 200 employees
Full-Time
Company - Private
$38 Hourly
A Consumer Loan Specialist in Grand Prairie, TX reported making $38 per hour
Grand Prairie, TX
7,6 - 15,000 employees
Part-Time
Company - Public
$64,451 Yearly
A Consumer Loan Specialist in Oceanside, CA reported making $64,451 per year
Oceanside, CA
6 - 1,000 employees
Full-Time
Company - Private
$5,490 Monthly
A Consumer Loan Specialist in Richmond, VA reported making $5,490 per month
Richmond, VA
1,000 - 3,000 employees
Full-Time
Company - Public