Retail Loan Processor Salaries in Worcester, MA
How Much Does a Retail Loan Processor Make in Worcester, MA?
Updated January 01, 2025
As of January 01, 2025,
the average annual pay of Retail Loan Processor in Worcester, MA is $48,851.
While Salary.com is seeing that Retail Loan Processor salary in Worcester, MA can go up to $67,075
or down to $31,913, but most earn between $39,985 and $58,390.
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 |
|---|---|---|
|
First Priority Credit Union
Loan Processor
|
$71,750/yr
|
RANGE: $61,785 - $81,714
|
|
Mass Bay Credit Union
Consumer Loan Processor
|
$76,899/yr
|
RANGE: $66,595 - $87,203
|
|
BCU
Loan Officer, Retail Mortgage
|
$103,219/yr
|
RANGE: $82,276 - $124,161
|
|
Hometown Community Bank
Corporate Retail Loan Processing - Processor
|
$67,891/yr
|
RANGE: $57,864 - $77,917
|
|
Global Lending Services
Loan Processor
|
$59,461/yr
|
RANGE: $51,203 - $67,718
|
|
CFG Bank
LOAN PROCESSOR
|
$65,797/yr
|
RANGE: $56,660 - $74,935
|
|
Horizon Farm Credit
Loan Processor
|
$62,469/yr
|
RANGE: $53,794 - $71,144
|
|
Royal Business Bank
Loan Processor
|
$71,301/yr
|
RANGE: $61,400 - $81,203
|
|
Marymont Financial Services
Loan Processor
|
$54,649/yr
|
RANGE: $47,363 - $61,934
|
|
Megatel Homes
Loan Processor
|
$63,173/yr
|
RANGE: $54,400 - $71,946
|
What Does a Retail Loan Processor Do?
This document defines over 700 Banking Industry KPIs, including metric definitions for Retail Branch Operations, Loan Operations, Loan Servicing, Wealth Management and more.
Updated September 28, 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
To earn a CPP, the loan processor must complete at least six hours of basic loan processing training along with six hours of advanced loan processing training.
Updated December 20, 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 Worcester, MA?
The Retail Loan Processor salary range is from $39,985 to $58,390, and the average Retail Loan Processor salary is $48,851/year in Worcester, MA.
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 $58,111
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.
