Consumer Loan Officer I Salary in New Jersey
Consumer Loan Officer I Salary in New Jersey
How much does a Consumer Loan Officer I make in New Jersey? The average Consumer Loan Officer I salary in New Jersey is $55,552 as of April 24, 2024, but the range typically falls between $49,325 and $61,106. 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 | $43,655 | NJ | April 24, 2024 |
| 25th Percentile Consumer Loan Officer I Salary | $49,325 | NJ | April 24, 2024 |
| 50th Percentile Consumer Loan Officer I Salary | $55,552 | NJ | April 24, 2024 |
| 75th Percentile Consumer Loan Officer I Salary | $61,106 | NJ | April 24, 2024 |
| 90th Percentile Consumer Loan Officer I Salary | $66,163 | NJ | April 24, 2024 |
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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
See user submitted job responsibilities for Consumer Loan Officer I.
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OneMain Financial - Cinnaminson, NJAt OneMain, Consumer Loan Sales Specialists empower customers – listening to their needs and providing access to friendly, fast, and affordable financing f...- 2 Days Ago
Select a city to view specific salary and bonus information for Consumer Loan Officer I
| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Bayonne, NJ | Avg. Salary $57,275 | Date Updated April 24, 2024 |
| Location Bergenfield, NJ | Avg. Salary $58,289 | Date Updated April 24, 2024 |
| Location Bloomfield, NJ | Avg. Salary $58,339 | Date Updated April 24, 2024 |
| Location East Brunswick, NJ | Avg. Salary $57,224 | Date Updated April 24, 2024 |
| Location Hoboken, NJ | Avg. Salary $59,201 | Date Updated April 24, 2024 |
| Location Irvington, NJ | Avg. Salary $57,275 | Date Updated April 24, 2024 |
| Location Lakewood, NJ | Avg. Salary $56,413 | Date Updated April 24, 2024 |
| Location Middlesex, NJ | Avg. Salary $56,869 | Date Updated April 24, 2024 |
| Location Passaic, NJ | Avg. Salary $58,339 | Date Updated April 24, 2024 |
| Location Union, NJ | Avg. Salary $57,275 | Date Updated April 24, 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.
What does a Consumer Loan Officer I do?
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About New Jersey
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Level of Education for Consumer Loan Officer I
Jobs with different levels of education may pay very differently. Check the Consumer Loan Officer I salary of your education level.
- Consumer Loan Officer I Salaries with No Diploma
- Consumer Loan Officer I Salaries with a High School Diploma or Technical Certificate
- Consumer Loan Officer I Salaries with an Associate's Degree
- Consumer Loan Officer I Salaries with a Bachelor's Degree
- Consumer Loan Officer I Salaries with a Master's Degree or MBA
- Consumer Loan Officer I Salaries with a JD, MD, PhD or Equivalent
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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 New Jersey New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa....More
Skills associated with Consumer Loan Officer I: Due Diligence, Risk Analysis, New Business Development, Loan Software ...More
