Loan Processor Salary at Consumer Direct BETA
How much does a Consumer Direct Loan Processor make?
As of August 2026, the average salary for Loan Processor at Consumer Direct in the United States is $40,930 per year, which is equivalent to an hourly rate of approximately $20. Most salaries for this position fall within the range of $36,883 to $45,259 annually.
The exact salary offered will depend on factors such as a candidate's years of experience, skills, department and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How much does Consumer Direct pay for other job roles?
View detailed salary information by job role at Consumer Direct. This section highlights salary ranges and average pay across different job categories to help you understand potential earnings and compensation within the company.
Closing Team Lead
$120,336 / year
Salary Range: $113,748 - $125,771
Mortgage Operations
Sales Manager
$117,710 / year
Salary Range: $100,950 - $135,482
Sales
Manager, Production Support
$107,650 / year
Salary Range: $93,549 - $121,107
Production
Underwriting Team Lead
$96,558 / year
Salary Range: $83,994 - $111,204
Insurance Operations
Processing Manager
$89,963 / year
Salary Range: $79,370 - $101,337
Accounts Payable
Senior Loan Officer
$83,573 / year
Salary Range: $71,932 - $95,976
Loan Review
Closing Manager
$76,907 / year
Salary Range: $73,300 - $90,998
Funding
Operations Support
$58,810 / year
Salary Range: $52,352 - $66,512
Clerical
Senior Mortgage Loan Officer
$57,879 / year
Salary Range: $50,387 - $66,873
Mortgage
Closer
$51,031 / year
Salary Range: $45,171 - $57,051
Mortgage
Purchase Coordinator
$42,936 / year
Salary Range: $38,248 - $48,024
Procurement/Purchasing
Key Skills & Their Impact on a Loan Processor at Consumer Direct?
To succeed and maximize your earning potential as a Loan Processor at Consumer Direct, a specific set of skills is crucial. The competencies listed below are highly valued. Explore the skills that can boost your compensation.
| Skills | Level of importance | Description |
|---|---|---|
| Customer Service | Customer service is the provision of service to customers before, during and after a purchase. | |
| Mortgage Loans | A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. | |
| Underwriting | Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. | |
| Loan Processing |
The steps taken by an institution lender from the time a request for a loan application is received to the time the loan is approved or denied, including taking the application, credit investigation, evaluation of the loan and other steps.
|
|
| specimen processing |
Loan Processor Career Path and Growth Opportunities
Understanding the career path for a Loan Processor can help you plan long-term professional growth. Below is a typical career progression for a Loan Processor, highlighting common next-step roles and opportunities for increased responsibility and compensation.
Companies Similar to Consumer Direct
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FAQ about Salary and Jobs at Consumer Direct
FAQ 1: How much does Consumer Direct pay per hour?
The average hourly pay is $20. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
FAQ 2: What is the highest salary at Consumer Direct?
According to the data, the highest approximate salary is about $45,259 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
FAQ 3: What is the lowest pay at Consumer Direct?
According to the data, the lowest estimated salary is about $36,883 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
FAQ 4: What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.
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