How much does a Consumer Loan Officer II make in Washington, DC? The average Consumer Loan Officer II salary in Washington, DC is $59,469 as of February 26, 2024, but the range typically falls between $52,322 and $64,885. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Consumer Loan Officer II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Consumer Loan Officer II Salary $45,815 Washington,DC February 26, 2024
25th Percentile Consumer Loan Officer II Salary $52,322 Washington,DC February 26, 2024
50th Percentile Consumer Loan Officer II Salary $59,469 Washington,DC February 26, 2024
75th Percentile Consumer Loan Officer II Salary $64,885 Washington,DC February 26, 2024
90th Percentile Consumer Loan Officer II Salary $69,816 Washington,DC February 26, 2024
25% $52,322 10% $45,815 90% $69,816 75% $64,885 $59,469 50%(Median) Didn’t find job title? Click
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Check out Consumer Loan Officer jobs in Washington, District of Columbia

Real Estate Loan Officer

Pacific Service Credit Union - Concord, CA

Loan Officer

Valorem Lending - Lake Forest, CA

Loan Officer - West Las Vegas, NV

NOVA® Home Loans - Las Vegas, NV

What skills does a Consumer Loan Officer II need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

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. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".

3.

Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.

Customer Service 15%
Mortgage Loans 0.7%
Loan Origination 0.41%
Others 83.89%

Job Description for Consumer Loan Officer II

Consumer Loan Officer II develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Being a Consumer Loan Officer II evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Additionally, Consumer Loan Officer II maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. The Consumer Loan Officer II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Consumer Loan Officer II typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Consumer Loan Officer II in Washington, DC

Career Path for Consumer Loan Officer II

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Consumer Loan Officer II, the upper level is Consumer Loan Officer III and then progresses to Consumer Lending Manager.

Those that have already made the climb...
John D. Rainey, Former Chief Financial Officer and EVP, Global Customer Operations
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consu... More
Fiscal Year Ended in 2022
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Consumer Loan Officer II salary varies from city to city. Compared with national average salary of Consumer Loan Officer II, the highest Consumer Loan Officer II salary is in San Francisco, CA, where the Consumer Loan Officer II salary is 25.0% above. The lowest Consumer Loan Officer II salary is in Miami, FL, where the Consumer Loan Officer II salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Step 1 of 3

Understand the total compensation opportunity for a Consumer Loan Officer II, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
52322
64885
59469

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
53620
68784
61099
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Consumer Loan Officer II in Washington, DC. The base salary for Consumer Loan Officer II ranges from $52,322 to $64,885 with the average base salary of $59,469. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $53,620 to $68,784 with the average total cash compensation of $61,099.
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52322
64885

 

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About Washington, District of Columbia    Washington, D.C. is located in the mid-Atlantic region of the U.S. East Coast. Due to the District of Columbia retrocession, the city has a total area....More

Washington, District of Columbia  area prices were up 1.3% from a year ago    View the Cost of Living in Washington, District of Columbia

Consumer Loan Officer II Salary in popular cities:

Skills associated with Consumer Loan Officer II: Due Diligence, Loan Origination, Risk Analysis, Loan Software ...More

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