How much does a Consumer Loan Officer I make in Canton, MI? The average Consumer Loan Officer I salary in Canton, MI is $51,870 as of February 26, 2024, but the range typically falls between $46,061 and $57,062. 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 I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Consumer Loan Officer I Salary $40,772 Canton,MI February 26, 2024
25th Percentile Consumer Loan Officer I Salary $46,061 Canton,MI February 26, 2024
50th Percentile Consumer Loan Officer I Salary $51,870 Canton,MI February 26, 2024
75th Percentile Consumer Loan Officer I Salary $57,062 Canton,MI February 26, 2024
90th Percentile Consumer Loan Officer I Salary $61,789 Canton,MI February 26, 2024
25% $46,061 10% $40,772 90% $61,789 75% $57,062 $51,870 50%(Median) Didn’t find job title? Click
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Job Description for Consumer Loan Officer I

Consumer Loan Officer I 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 I 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 I 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 I works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Consumer Loan Officer I in Canton, MI

Career Path for Consumer Loan Officer I

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

Those that have already made the climb...
Robert E. Wolfe, Chairman of the Board, CEO, and CFO
Advanced Oxygen Technologies, Inc., through its subsidiaries, owns and leases a commercial real estate property in Vojens, Denmark. It also engages in the distribution and sale of security straps and tie downs. The company was formerly known as Aquanautic Corporation. The company was incorporated in 1981 and is headqua... More
Fiscal Year Ended in 2023
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Consumer Loan Officer I salary varies from city to city. Compared with national average salary of Consumer Loan Officer I, the highest Consumer Loan Officer I salary is in San Francisco, CA, where the Consumer Loan Officer I salary is 25.0% above. The lowest Consumer Loan Officer I salary is in Miami, FL, where the Consumer Loan Officer I 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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Understand the total compensation opportunity for a Consumer Loan Officer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
46061
57062
51870

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
46806
58398
52962
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Consumer Loan Officer I in Canton, MI. The base salary for Consumer Loan Officer I ranges from $46,061 to $57,062 with the average base salary of $51,870. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,806 to $58,398 with the average total cash compensation of $52,962.
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46061
57062

 

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About Canton, Michigan    Canton, officially the Charter Township of Canton, is a charter township of Wayne County in the U.S. state of Michigan. It is located about 8 miles (1....More

Canton, Michigan  area prices were up 1.3% from a year ago    View the Cost of Living in Canton, Michigan

Consumer Loan Officer I Salary in popular cities: DetroitGrand RapidsWarren

Skills associated with Consumer Loan Officer I: Risk Analysis, Loan Software, Lending Regulatory Compliance, Loan Origination ...More