Consumer Loan Specialist Salaries in Massachusetts
How Much Does a Consumer Loan Specialist Make in Massachusetts?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Consumer Loan Specialist in Massachusetts is $71,706.
While Salary.com is seeing that Consumer Loan Specialist salary in MA can go up to $87,655
or down to $56,056, but most earn between $63,514 and $80,054.
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 Specialist
Loan Servicing Specialist I - Consumer Loans
$43,750
Massachusetts
Per Year
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Similar Job Salaries to Consumer Loan Specialist by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
OneMain Financial
Consumer loan specialist
|
$114,478/yr
|
RANGE: $93,188 - $135,768
|
|
OneMain Financial
Consumer Loan Sales Specialist
|
$178,432/yr
|
RANGE: $121,649 - $235,215
|
|
ClickJobs.io
Consumer Loan Sales Specialist
|
$95,640/yr
|
RANGE: $72,490 - $118,790
|
|
Border Bank
Consumer Loan Support Specialist
|
$61,086/yr
|
RANGE: $52,183 - $69,988
|
|
Jooble
Consumer Loan Sales Specialist
|
$141,871/yr
|
RANGE: $92,447 - $191,296
|
|
RGV Loans LLC-Full time
Consumer Loan Specialist
|
$43,622/yr
|
RANGE: $38,596 - $48,648
|
Top 10 Highest Paying Cities For Consumer Loan Specialist Jobs in Massachusetts
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Consumer Loan Specialist 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 Specialist job salaries in Massachusetts.
Some cities can pay higher salaries for Consumer Loan Specialist jobs, which can indicate that there is a large demand for Consumer Loan Specialist positions in this city.
The following table shows top 10 cities where the Consumer Loan Specialist salary is higher than other cities in Massachusetts.
Boston takes first place in this list, followed by Cambridge, Waltham.
The Consumer Loan Specialist salary is $73,881 in Boston,
which is higher than the national average. There are 36 cities' Consumer Loan Specialist salary higher than national average in Massachusetts.
The average salary for a Consumer Loan Specialist in Massachusetts is $71,706,
but we found that the city with the highest salary for Consumer Loan Specialist jobs is Boston, MA, and it is higher than Cambridge.
Consumer Loan Specialist jobs in Boston can have the opportunity to earn higher salaries than in other cities in Massachusetts.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Boston | $73,881 | $6,157 | $1,421 | $36 |
| Cambridge | $73,881 | $6,157 | $1,421 | $36 |
| Waltham | $73,881 | $6,157 | $1,421 | $36 |
| Newton | $73,881 | $6,157 | $1,421 | $36 |
| Arlington | $73,881 | $6,157 | $1,421 | $36 |
| Brookline | $73,881 | $6,157 | $1,421 | $36 |
| Lynn | $73,881 | $6,157 | $1,421 | $36 |
| Malden | $73,881 | $6,157 | $1,421 | $36 |
| Medford | $73,881 | $6,157 | $1,421 | $36 |
| Quincy | $73,881 | $6,157 | $1,421 | $36 |
What Does a Consumer Loan Specialist Do?
While bank clerks may handle the data entry, the consumer loan officer ensures that it is correct and timely.
Updated December 02, 2021
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
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Explore JobArchitectFrequently Asked Questions About a Consumer Loan Specialist Salaries
What is the average of a Consumer Loan Specialist in Massachusetts?
The Consumer Loan Specialist salary range is from $63,514 to $80,054, and the average Consumer Loan Specialist salary is $71,706/year in Massachusetts.
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 $82,712
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.
