How much does a Consumer Loan Officer I make in Michigan? The average Consumer Loan Officer I salary in Michigan is $49,931 as of February 26, 2024, but the range typically falls between $44,339 and $54,929. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Consumer Loan Officer I Salary | $39,248 | MI | February 26, 2024 |
25th Percentile Consumer Loan Officer I Salary | $44,339 | MI | February 26, 2024 |
50th Percentile Consumer Loan Officer I Salary | $49,931 | MI | February 26, 2024 |
75th Percentile Consumer Loan Officer I Salary | $54,929 | MI | February 26, 2024 |
90th Percentile Consumer Loan Officer I Salary | $59,479 | MI | February 26, 2024 |
Free Enterprise Funding - Colorado Springs, CO
M/I Homes - Dallas, TX
Triumph - Denver, CO
Clean Energy Credit Union - Englewood, CO
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
See user submitted job responsibilities for Consumer Loan Officer I.
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Taylor, MI | Avg. Salary $50,823 | Date Updated February 26, 2024 |
Location Acme, MI | Avg. Salary $47,445 | Date Updated February 26, 2024 |
Location Ada, MI | Avg. Salary $48,824 | Date Updated February 26, 2024 |
Location Addison, MI | Avg. Salary $50,862 | Date Updated February 26, 2024 |
Location Adrian, MI | Avg. Salary $49,988 | Date Updated February 26, 2024 |
Location Afton, MI | Avg. Salary $46,780 | Date Updated February 26, 2024 |
Location Ahmeek, MI | Avg. Salary $47,822 | Date Updated February 26, 2024 |
Location Akron, MI | Avg. Salary $46,834 | Date Updated February 26, 2024 |
Location Alanson, MI | Avg. Salary $46,780 | Date Updated February 26, 2024 |
Location Alba, MI | Avg. Salary $46,780 | Date Updated February 26, 2024 |
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.
Salary.com's CompAnalyst platform offers:
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Job Title Commercial Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Real Estate Loan Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Consumer Loan Collection Supervisor I | Experience 3 + | EducationBachelors | Salary Compared to This Job |
Job Title Consumer Loan Collector I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
Job Title Consumer Loan Officer II | Experience 1 - 3 | EducationHigh School | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Consumer Loan Officer I salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Consumer Loan Officer I salary varies from category to category. Click below to see Consumer Loan Officer I salary in different categories.
About Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
Skills associated with Consumer Loan Officer I: Risk Analysis, Loan Software, Lending Regulatory Compliance, Loan Origination ...More