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.

Consumer Loan Officer I Salaries by Percentile
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
25% $44,339 10% $39,248 90% $59,479 75% $54,929 $49,931 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 Michigan

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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

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.

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Consumer Loan Officer I Salary in Michigan
Consumer Loan Officer I Salary Graph, Regional Distribution and Summary