How much does a Loan Specialist make in Southfield, MI?
A Loan Specialist in Southfield, MI, earns a competitive salary. On average, they make about $158,947 per year. This figure reflects the skills and experience needed for the role. The salary range varies, with some specialists earning as little as $36,000 and others making up to $390,000 annually.
The salary distribution shows a broad range of earnings. Most Loan Specialists fall between $100,364 and $164,727. This range indicates the potential for growth and advancement in the field. A smaller percentage of specialists earn the highest salaries, reflecting the top tier of the industry. This data helps job seekers understand what to expect in terms of compensation.
What are the highest paying cities for a Loan Specialist near Southfield, MI?
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Birmingham, MI
Average Salary: $295,500
In Birmingham, MI, professionals in the lending industry enjoy a vibrant community. Companies like Quicken Loans offer dynamic environments. The area's strong economy provides many opportunities.
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Troy, MI
Average Salary: $178,146
Troy, MI, is a hub for financial services. Here, you can work with top firms like Ally Financial. The city's business-friendly atmosphere supports career growth.
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Dearborn, MI
Average Salary: $152,474
Dearborn, MI, is known for its diverse job market. Working with local banks, you can gain valuable experience. The city offers a supportive environment for professional development.
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Rochester Hills, MI
Average Salary: $137,500
Rochester Hills, MI, provides a great setting for finance careers. Local companies offer excellent benefits. The community is welcoming and supportive of career growth.
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Royal Oak, MI
Average Salary: $135,358
Royal Oak, MI, offers a mix of urban and suburban living. Here, you can work with firms like Comerica Bank. The city's vibrant culture enhances the work experience.
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Farmington Hills, MI
Average Salary: $131,017
Farmington Hills, MI, is a great place for finance professionals. Local banks and credit unions offer many opportunities. The city's strong economy supports career advancement.
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Novi, MI
Average Salary: $127,333
Novi, MI, is known for its business-friendly environment. Working with companies like Fifth Third Bank, you can build a successful career. The city offers a high quality of life.
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Livonia, MI
Average Salary: $119,064
Livonia, MI, provides a supportive environment for finance careers. Local banks offer many opportunities. The city's strong community spirit enhances the work experience.
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Detroit, MI
Average Salary: $77,133
Detroit, MI, is a major center for finance. Working with companies like Comerica Bank, you can gain valuable experience. The city's revitalization offers many opportunities for growth.
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West Bloomfield Township, MI
Average Salary: $74,904
West Bloomfield Township, MI, offers a thriving job market. Local firms provide excellent career opportunities. The area's strong economy supports professional development.
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What are the best paying companies for a Loan Specialist in Southfield, MI?
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United Mortgage Lending
Average Salary: $310,268
United Mortgage Lending offers competitive salaries for Loan Specialists. They provide mortgage lending services and have offices in Southfield, MI. Loan Specialists here work on processing mortgage loans, ensuring compliance with regulations, and assisting clients.
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Green Arrow Enterprises
Average Salary: $75,000
Green Arrow Enterprises is known for its supportive work environment. They offer Loan Specialist positions with a focus on customer service and loan processing. The company operates in Southfield, MI, and values teamwork and professional growth.
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Green Arrow Staffing
Average Salary: $74,375
Green Arrow Staffing provides Loan Specialist jobs with a focus on temporary and permanent placements. They have offices in Southfield, MI, and offer roles that involve loan documentation, client communication, and processing applications.
What are the best paying Loan Specialist related jobs in Southfield, MI?
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Mortgage Loan Originator
Average Salary: $118,500
This role involves helping clients find the best mortgage options. They work closely with clients to understand their needs. They also guide them through the application process. Companies like Quicken Loans and Chase Bank offer these positions.
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Compliance Officer
Average Salary: $100,000
This position ensures that all financial activities meet legal standards. They review policies and procedures. They also train staff to follow regulations. Local banks and credit unions in the area hire for these roles.
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Branch Manager
Average Salary: $99,612
Branch managers oversee daily operations at financial institutions. They manage staff and ensure customer satisfaction. They also work to grow the branch's business. Wells Fargo and Fifth Third Bank have openings in the area.
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Portfolio Manager
Average Salary: $92,352
Portfolio managers oversee investment portfolios for clients. They analyze market trends and make investment decisions. They work with clients to meet their financial goals. Investment firms like Fidelity and Vanguard offer these positions.
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Financial Advisor
Average Salary: $86,482
Financial advisors help clients manage their money. They provide advice on investments, retirement plans, and more. They work with clients to create a financial plan. Edward Jones and Merrill Lynch have openings in the area.
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Risk Analyst
Average Salary: $85,000
Risk analysts assess potential risks for financial institutions. They analyze data and create reports. They help the company make informed decisions. Local banks and insurance companies hire for these roles.
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Sales Specialist
Average Salary: $71,885
Sales specialists promote financial products and services. They meet with clients and explain the benefits. They work to close sales and meet targets. Companies like Chase and Capital One offer these positions.
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Operations Analyst
Average Salary: $66,870
Operations analysts review and improve business processes. They identify areas for improvement and implement changes. They work closely with different departments. Local banks and financial firms hire for these roles.
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Underwriter
Average Salary: $62,843
Underwriters assess the risk of lending money. They review applications and make decisions. They ensure the company's financial stability. Local banks and insurance companies offer these positions.
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Financial Aid Advisor
Average Salary: $55,950
Financial aid advisors help students and families understand financial aid options. They review applications and provide guidance. They work with schools and financial institutions. Local universities and financial aid offices hire for these roles.
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