Consumer Loan Specialist Salaries in Minnesota
How Much Does a Consumer Loan Specialist Make in Minnesota?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Consumer Loan Specialist in Minnesota is $67,898.
While Salary.com is seeing that Consumer Loan Specialist salary in MN can go up to $83,001
or down to $53,082, but most earn between $60,143 and $75,804.
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
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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
|
$86,273/yr
|
RANGE: $76,698 - $95,847
|
|
Border Bank
Consumer Loan Support Specialist
|
$58,488/yr
|
RANGE: $52,428 - $64,548
|
|
Mayo Employees Federal Credit Union
Consumer Loan Officer
|
$63,988/yr
|
RANGE: $56,981 - $70,995
|
|
Heights Finance Corporation
Consumer Loan Specialist
|
$54,100/yr
|
RANGE: $48,176 - $60,024
|
|
Attain Finance
Consumer Loan Specialist
|
$54,100/yr
|
RANGE: $48,176 - $60,024
|
Top 10 Highest Paying Cities For Consumer Loan Specialist 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 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 Minnesota.
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 Minnesota.
Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka.
The Consumer Loan Specialist salary is $70,420 in Minneapolis,
which is higher than the national average. There are 7 cities' Consumer Loan Specialist salary higher than national average in Minnesota.
The average salary for a Consumer Loan Specialist in Minnesota is $67,898,
but we found that the city with the highest salary for Consumer Loan Specialist jobs is Minneapolis, MN, and it is higher than Saint Paul.
Consumer Loan Specialist 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 | $70,420 | $5,868 | $1,354 | $34 |
| Saint Paul | $70,420 | $5,868 | $1,354 | $34 |
| Minnetonka | $70,420 | $5,868 | $1,354 | $34 |
| Eden Prairie | $70,288 | $5,857 | $1,352 | $34 |
| Burnsville | $70,221 | $5,852 | $1,350 | $34 |
| Lakeville | $69,956 | $5,830 | $1,345 | $34 |
| Rochester | $66,571 | $5,548 | $1,280 | $32 |
| Saint Cloud | $65,442 | $5,454 | $1,259 | $31 |
| Duluth | $64,115 | $5,343 | $1,233 | $31 |
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
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Explore JobArchitectFrequently Asked Questions About a Consumer Loan Specialist Salaries
What is the average of a Consumer Loan Specialist in Minnesota?
The Consumer Loan Specialist salary range is from $60,143 to $75,804, and the average Consumer Loan Specialist salary is $67,898/year in Minnesota.
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 $83,296
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.
