Retail Loan Processor Salaries in Missouri
How Much Does a Retail Loan Processor Make in Missouri?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Retail Loan Processor in Missouri is $44,283.
While Salary.com is seeing that Retail Loan Processor salary in MO can go up to $60,804
or down to $28,929, but most earn between $36,247 and $52,931.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Retail Loan Processor
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Similar Job Salaries to Retail Loan Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Envoy Mortgage
Senior Loan Processor
|
$64,059/yr
|
RANGE: $58,430 - $69,689
|
|
Hawthorn Bank
LOAN PROCESSOR II
|
$56,885/yr
|
RANGE: $51,158 - $62,611
|
|
Truist
RAC Loan Processor II
|
$56,652/yr
|
RANGE: $50,949 - $62,355
|
|
Central Bank
Sr. Mortgage Loan Processor
|
$46,693/yr
|
RANGE: $42,497 - $50,889
|
|
MERS Goodwill
Retail Processor
|
$39,155/yr
|
RANGE: $35,356 - $42,955
|
|
MERS/Missouri Goodwill Industries
Retail Processor
|
$37,722/yr
|
RANGE: $34,061 - $41,383
|
Top 10 Highest Paying Cities For Retail Loan Processor Jobs in Missouri
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Retail Loan Processor can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Retail Loan Processor job salaries in Missouri.
Some cities can pay higher salaries for Retail Loan Processor jobs, which can indicate that there is a large demand for Retail Loan Processor positions in this city.
The following table shows top 10 cities where the Retail Loan Processor salary is higher than other cities in Missouri.
Kansas City takes first place in this list, followed by Saint Louis, Independence.
The Retail Loan Processor salary is $45,492 in Kansas City,
which is lower than the national average. There is 0 city's Retail Loan Processor salary higher than national average in Missouri.
The average salary for a Retail Loan Processor in Missouri is $44,283,
but we found that the city with the highest salary for Retail Loan Processor jobs is Kansas City, MO, and it is higher than Saint Louis.
Retail Loan Processor jobs in Kansas City can have the opportunity to earn higher salaries than in other cities in Missouri.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Kansas City | $45,492 | $3,791 | $875 | $22 |
| Saint Louis | $45,492 | $3,791 | $875 | $22 |
| Independence | $45,445 | $3,787 | $874 | $22 |
| Florissant | $45,399 | $3,783 | $873 | $22 |
| Lees Summit | $45,306 | $3,775 | $871 | $22 |
| Blue Springs | $45,306 | $3,775 | $871 | $22 |
| Chesterfield | $45,213 | $3,768 | $869 | $22 |
| Saint Charles | $45,213 | $3,768 | $869 | $22 |
| O Fallon | $45,120 | $3,760 | $868 | $22 |
| Saint Peters | $45,120 | $3,760 | $868 | $22 |
What Does a Retail Loan Processor Do?
A loan processor deals with lots of paperwork and basically assists the loan officer in closing the loan.
Updated December 10, 2021
Found a job posting for “Mortgage Loan Processor Trainee” and mentions no real estate experience needed.
Updated September 30, 2021
Employ at least one individual who is licensed as a mortgage loan originator who does not engage in the origination of mortgage loans and who has been assigned supervision and instruction duties with respect to individuals employed as loan processors or loan underwriters.
Updated December 22, 2021
Some loan processors can work from a home office, as long as they are available to clients during the process.
Updated December 22, 2021
Assuming the loan is approved, the processor will receive a list of prior-to-document conditions (PTDs) that must be met before loan documents are released by the bank.
Updated December 21, 2021
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Explore JobArchitectFrequently Asked Questions About a Retail Loan Processor Salaries
What is the average of a Retail Loan Processor in Missouri?
The Retail Loan Processor salary range is from $36,247 to $52,931, and the average Retail Loan Processor salary is $44,283/year in Missouri.
The Retail Loan Processor's salary will change in different locations.
Which location pays the highest Retail Loan Processor salary in the United States?
The Retail Loan Processor salary in San Jose, CA is $58,317
which is the highest in the US.
What kinds of reasons will influence the Retail Loan Processor's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Retail Loan Processor.
What is the growth rate of the Retail Loan Processor's salary?
If you are thinking of becoming a Retail Loan Processor or planning the next step in your career, find the detailed salary report of a Retail Loan Processor.
