Loan Specialist Salary in Southfield, MI

A Loan Specialist in Southfield, MI, earns an average yearly salary of $155,468. This figure reflects the median income for professionals in this role. The salary range can vary based on experience, skills, and the specific employer. Many Loan Specialists find this role rewarding, both financially and professionally.

The salary distribution shows that most Loan Specialists earn between $68,182 and $196,909 annually. This range provides a clear picture of what to expect in terms of income. Those with more experience or specialized skills often fall on the higher end of this spectrum. Job seekers can aim for positions that offer competitive salaries within this range.

1. Birmingham, MI
   Average Salary: $292,643
   In Birmingham, MI, a thriving financial sector offers many opportunities for those in the lending industry. With prominent companies like Quicken Loans, professionals can expect a dynamic work environment. The area's strong business community supports career growth and stability.
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2. Troy, MI
   Average Salary: $178,245
   Troy, MI, is known for its robust financial institutions, making it a great place for lending professionals. Working here, you can find roles with companies like Ally Financial. The city's business-friendly atmosphere fosters professional development and networking.
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3. Dearborn, MI
   Average Salary: $156,340
   Dearborn, MI, offers a vibrant job market for lending specialists. The presence of major banks like Ford Credit provides diverse opportunities. The city's economic growth supports a stable and rewarding career in lending.
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4. Rochester Hills, MI
   Average Salary: $135,000
   Rochester Hills, MI, is a hub for financial services, offering many opportunities for lending professionals. With companies like Rocket Mortgage, the job market is competitive and rewarding. The area's strong economy supports career advancement and stability.
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5. Novi, MI
   Average Salary: $131,812
   Novi, MI, is a great place for lending specialists to find rewarding jobs. The city's growing business sector offers many opportunities. Working with companies like Fifth Third Bank, professionals can expect a dynamic and supportive work environment.
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6. Royal Oak, MI
   Average Salary: $131,667
   Royal Oak, MI, provides a vibrant job market for lending professionals. The city's diverse economy offers many opportunities. Working with companies like Comerica Bank, you can expect a stable and rewarding career.
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7. Farmington Hills, MI
   Average Salary: $126,725
   Farmington Hills, MI, offers a thriving job market for lending specialists. The city's strong financial sector provides many opportunities. Working with companies like Huntington Bank, professionals can expect a rewarding career with growth potential.
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8. Livonia, MI
   Average Salary: $122,575
   Livonia, MI, is a great place for lending professionals to find rewarding jobs. The city's diverse economy offers many opportunities. Working with companies like Chase Bank, you can expect a stable and supportive work environment.
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9. Detroit, MI
   Average Salary: $78,724
   Detroit, MI, offers a dynamic job market for lending specialists. The city's strong financial sector provides many opportunities. Working with companies like PNC Bank, professionals can expect a rewarding career with growth potential.
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10. Sterling Heights, MI
    Average Salary: $65,444
    Sterling Heights, MI, provides a vibrant job market for lending professionals. The city's diverse economy offers many opportunities. Working with companies like TD Bank, you can expect a stable and rewarding career.
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1. 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 with clients to help them secure mortgage loans. They need strong communication skills and knowledge of the mortgage industry.
   

   
   

2. Green Arrow Enterprises
   Average Salary: $75,000
   Green Arrow Enterprises offers a good salary for Loan Specialists. They focus on providing staffing solutions and have offices in Southfield, MI. Loan Specialists work with clients to understand their needs and match them with the right loan options. They need to be detail-oriented and have good customer service skills.
   

   
   

3. Green Arrow Staffing
   Average Salary: $74,375
   Green Arrow Staffing offers a solid salary for Loan Specialists. They specialize in staffing services and have offices in Southfield, MI. Loan Specialists here assist clients in finding the best loan options. They need to be knowledgeable about different loan products and have strong problem-solving skills.
   

1. Mortgage Loan Originator
   Average Salary: $136,913
   This role involves helping clients find the right mortgage. They work with lenders to get loans approved. They need strong communication skills and a good understanding of the mortgage process.
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2. Compliance Officer
   Average Salary: $100,000
   This position ensures that the company follows all laws and regulations. They review policies and procedures. They work closely with other departments to maintain compliance.
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3. Branch Manager
   Average Salary: $96,312
   A branch manager oversees daily operations at a financial institution. They manage staff and ensure customer satisfaction. They need strong leadership skills and a deep understanding of financial services.
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4. Financial Advisor
   Average Salary: $85,179
   Financial advisors help clients manage their money. They create investment plans and offer advice on savings and retirement. They need to be knowledgeable about financial markets and regulations.
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5. Risk Analyst
   Average Salary: $85,000
   Risk analysts assess potential risks for a company. They analyze data and develop strategies to mitigate risks. They need strong analytical skills and attention to detail.
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6. Portfolio Manager
   Average Salary: $82,237
   Portfolio managers oversee investment portfolios. They make decisions about buying and selling assets. They need to understand market trends and investment strategies.
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7. Sales Specialist
   Average Salary: $71,682
   Sales specialists sell financial products. They build relationships with clients and meet sales targets. They need strong communication and negotiation skills.
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8. Operations Analyst
   Average Salary: $66,870
   Operations analysts improve the efficiency of business processes. They analyze data and recommend changes. They need strong analytical skills and attention to detail.
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9. Underwriter
   Average Salary: $62,843
   Underwriters assess the risk of insuring clients. They review applications and determine coverage terms. They need strong analytical skills and attention to detail.
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10. Financial Aid Advisor
    Average Salary: $58,100
    Financial aid advisors help students understand their financial options. They review applications and provide guidance on loans and grants. They need strong communication skills and a good understanding of financial aid processes.
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