How much does a Loan Specialist make in Southfield, MI?
A Loan Specialist in Southfield, MI can expect to earn an average yearly salary of about $158,810. This salary range can vary based on experience, qualifications, and the specific company. Job seekers interested in this role can look forward to a competitive income, making it a lucrative choice in the local job market.
To understand the salary distribution better, consider these details: About 7.92% of Loan Specialists earn between $31,000 and $63,636 annually. Meanwhile, 9.13% of professionals in this field make between $63,636 and $96,273 per year. More experienced specialists can expect to earn between $96,273 and $128,909, which covers 29.23% of the workforce. Additionally, the highest earners, making up 4.26% of the professionals, earn between $194,182 and $226,818 each year. This wide salary range highlights the potential for growth and higher earnings based on skill and experience.
What are the highest paying cities for a Loan Specialist near Southfield, MI?
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Birmingham, MI
Average Salary: $351,500
In Birmingham, MI, professionals can work with leading financial institutions. The area has top banks and credit unions offering exciting opportunities. Talented individuals help clients with mortgage and personal loans.
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Troy, MI
Average Salary: $181,530
Troy, MI has a thriving financial sector. Job seekers can find roles at major banks like JPMorgan Chase and Fifth Third Bank. Working here means assisting clients with various loan needs, contributing to community growth.
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Dearborn, MI
Average Salary: $160,227
Dearborn, MI offers loan specialist positions at renowned companies like Ford Motor Company. These roles involve guiding customers through the loan process. The area values skilled professionals who can make a real difference.
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Rochester Hills, MI
Average Salary: $145,000
Rochester Hills, MI provides a positive environment for loan specialists. Workers can join prominent companies like Quicken Loans. They help clients find the right loan options, ensuring a smooth borrowing experience.
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Farmington Hills, MI
Average Salary: $136,028
Farmington Hills, MI has many opportunities for loan specialists. Working here allows professionals to help clients at institutions like Chase and Wells Fargo. These roles focus on providing excellent customer service and loan solutions.
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Royal Oak, MI
Average Salary: $127,917
Royal Oak, MI offers a dynamic job market for loan specialists. The area is home to companies like Comerica Bank. Here, professionals assist clients with personal and business loans, making their financial dreams a reality.
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Novi, MI
Average Salary: $122,893
In Novi, MI, loan specialists can find jobs at leading financial firms. Companies like Flagstar Bank offer rewarding positions. These roles focus on helping clients with various loan needs, ensuring they get the best service.
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Livonia, MI
Average Salary: $112,827
Livonia, MI provides great opportunities for loan specialists. Professionals can join banks like TCF Bank. These roles involve assisting clients with mortgage and auto loans, contributing to their financial success.
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Detroit, MI
Average Salary: $92,915
Detroit, MI offers a diverse job market for loan specialists. Working in the city allows professionals to join companies like Ally Financial. These roles focus on helping clients navigate the loan process, supporting their financial goals.
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West Bloomfield Township, MI
Average Salary: $88,084
West Bloomfield Township, MI provides excellent opportunities for loan specialists. Professionals can join well-known banks like PNC Bank. These roles involve assisting clients with personal and business loans, helping them achieve their financial objectives.
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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: $329,500
United Mortgage Lending provides diverse loan services in Southfield, MI. They offer a wide range of mortgage products and services to clients. Employees work on loan documentation and customer service, ensuring smooth loan processes. The company values transparency and customer-focused service.
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Green Arrow Enterprises
Average Salary: $75,000
Green Arrow Enterprises specializes in various financial services in Southfield, MI. They offer loan processing and management services. Job roles here involve assisting clients with their loan needs and managing loan applications. The company provides a supportive environment for professional growth.
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Green Arrow Staffing
Average Salary: $74,375
Green Arrow Staffing focuses on staffing solutions and loan services in Southfield, MI. They support loan specialists with job placement and client support. Employees help clients understand their loan options and assist with the application process. The company is known for its collaborative and inclusive work culture.
What are the best paying Loan Specialist related jobs in Southfield, MI?
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Portfolio Manager
Average Salary: $128,110
This role involves overseeing a collection of loans and investments. Professionals work with clients to ensure they meet their financial goals. Banks and investment firms in Southfield are often looking for skilled portfolio managers.
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Mortgage Loan Originator
Average Salary: $105,453
This position requires helping clients find the best mortgage options. Originators assess applications and guide clients through the process. Major banks and mortgage companies in the area value experienced loan originators.
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Branch Manager
Average Salary: $102,395
Branch managers lead teams and ensure smooth operations. They work directly with clients and staff to achieve business goals. Banking and financial institutions in Southfield often seek leaders for this role.
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Compliance Officer
Average Salary: $100,000
This job ensures all financial services follow local, state, and federal regulations. Compliance officers review policies and practices to avoid legal issues. Many finance-focused companies in Southfield look for qualified compliance officers.
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Financial Advisor
Average Salary: $82,675
Financial advisors help clients manage their money and investments. They provide personalized advice to meet clients' financial needs. Investment firms and banks in the area hire skilled financial advisors.
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Risk Analyst
Average Salary: $73,000
This role involves assessing potential financial risks. Analysts review data and create reports to help companies make informed decisions. Many financial firms in Southfield hire risk analysts to protect their investments.
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Sales Specialist
Average Salary: $70,843
Sales specialists focus on selling financial products. They build relationships with clients and explain product benefits. Banks and insurance companies in Southfield often need talented sales specialists.
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Operations Analyst
Average Salary: $66,870
Operations analysts improve business processes. They analyze data and suggest ways to increase efficiency. Financial institutions in Southfield hire operations analysts to optimize their workflows.
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Underwriter
Average Salary: $62,843
Underwriters assess the risk of lending money or issuing insurance. They review applications and determine eligibility. Banks and insurance companies in Southfield often seek skilled underwriters.
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Loan Processor
Average Salary: $57,846
Loan processors handle the paperwork for loan applications. They ensure all documents are complete and accurate. Financial firms in Southfield rely on loan processors to keep the lending process running smoothly.
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