How much does a Loan Specialist make in Southfield, MI?
A Loan Specialist in Southfield, MI, can expect to earn a competitive salary. On average, they make around $160,000 per year. This figure can vary based on experience, qualifications, and the specific employer. Many Loan Specialists in the area earn between $100,000 and $200,000 annually. This range highlights the potential for growth and stability in this career path.
Some Loan Specialists with more experience or specialized skills might earn at the higher end of the salary range. For instance, those with several years in the industry or advanced certifications may see salaries upwards of $200,000. Entry-level specialists may start closer to the lower end, around $100,000, but opportunities for advancement are plentiful. A Loan Specialist's salary can also be influenced by the financial institution and the economic climate, adding to the overall appeal of this profession in Southfield, MI.
What are the highest paying cities for a Loan Specialist near Southfield, MI?
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Birmingham, MI
Average Salary: $382,500
Birmingham offers a dynamic environment for finance professionals. Companies like Quicken Loans provide a great platform for those in the lending industry. The area’s strong financial sector provides many opportunities for career growth.
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Troy, MI
Average Salary: $181,523
Troy is a hub for banking and finance. Working here offers access to major institutions such as Chase Bank. The city’s business-friendly environment supports professional development and advancement.
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Dearborn, MI
Average Salary: $160,227
Dearborn is known for its large automotive industry, which creates a steady demand for loan services. Local banks and credit unions, like Bank of America, are often hiring. The city’s diverse economy provides a stable job market.
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Rochester Hills, MI
Average Salary: $145,000
Rochester Hills has a growing financial sector. It’s an excellent place for those in lending to find work. Companies like Fifth Third Bank offer many opportunities for career growth and stability.
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Farmington Hills, MI
Average Salary: $137,377
Farmington Hills is home to a variety of financial services companies. Working here gives you access to local banks and credit unions. The area’s strong economy provides a supportive environment for finance careers.
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Royal Oak, MI
Average Salary: $127,917
Royal Oak has a vibrant financial scene. Local banks and credit unions are always looking for skilled professionals. The city’s diverse job market offers many opportunities for growth and development.
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Novi, MI
Average Salary: $120,500
Novi is known for its strong financial institutions. Companies like Synovus Bank are always in need of talented individuals. The area’s growing economy offers a solid foundation for a successful career.
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Livonia, MI
Average Salary: $113,810
Livonia has a thriving financial sector. Local banks and credit unions offer many positions for those in the lending field. The city’s supportive environment encourages professional development and growth.
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Detroit, MI
Average Salary: $86,362
Detroit is a major financial center with many opportunities for those in the lending industry. Institutions like Huntington Bank provide numerous career options. The city’s diverse economy offers a stable job market.
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West Bloomfield Township, MI
Average Salary: $74,904
West Bloomfield Township has a strong financial sector with many opportunities for finance professionals. Local banks and credit unions are often hiring. The area’s growing economy provides a supportive environment for career growth.
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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 offers exciting Loan Specialist roles in Southfield, MI. They provide mortgage solutions and work in various locations, including New York and Florida. This company values teamwork and professional growth.
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Green Arrow Enterprises
Average Salary: $75,000
Green Arrow Enterprises seeks Loan Specialists in Southfield, MI. They focus on mortgage lending services and operate in key regions. The company aims for excellence and offers a supportive work environment.
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Green Arrow Staffing
Average Salary: $74,375
Green Arrow Staffing is hiring Loan Specialists in Southfield, MI. They offer staffing services and work in multiple locations. This company provides opportunities for career development and a positive work culture.
What are the best paying Loan Specialist related jobs in Southfield, MI?
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Mortgage Loan Originator
Average Salary: $108,333
They work at local banks and mortgage companies to help clients get loans. These professionals assess credit, gather needed documents, and guide clients through the application process. Some major employers in the area include Chase and Wells Fargo.
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Branch Manager
Average Salary: $103,473
They oversee daily operations at bank branches. These managers hire and train staff, meet financial goals, and ensure good customer service. Employers such as JPMorgan Chase and BB&T offer strong opportunities in the area.
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Portfolio Manager
Average Salary: $100,790
They manage investment portfolios for clients. These managers analyze market trends, make investment decisions, and track performance. Local firms such as Fidelity Investments and Edward Jones provide good career paths.
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Compliance Officer
Average Salary: $100,000
They ensure that companies follow laws and regulations. These officers review policies, conduct audits, and report any violations. Companies like Bank of America Merrill Lynch and Fifth Third Bank have openings in the area.
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Financial Advisor
Average Salary: $80,523
They help clients with their financial goals. These advisors analyze financial situations, recommend investment strategies, and monitor portfolios. Firms such as Edward Jones and Ameriprise Financial offer solid opportunities.
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Risk Analyst
Average Salary: $73,000
They assess and manage financial risks. These analysts review data, identify potential risks, and suggest risk-management strategies. Employers in the city include JPMorgan Chase and PNC Financial Services.
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Sales Specialist
Average Salary: $72,329
They sell financial products and services. These specialists build relationships with clients, present products, and close sales. Companies such as Fidelity Investments and Wells Fargo have openings.
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Operations Analyst
Average Salary: $66,870
They manage and improve business operations. These analysts review processes, identify inefficiencies, and propose solutions. Local banks such as Huntington Bank and Comerica Bank offer good career options.
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Underwriter
Average Salary: $62,843
They assess risks for insurance and loans. These professionals analyze applications, evaluate data, and decide on approvals. Employers such as State Farm and Allstate have roles available.
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Financial Aid Advisor
Average Salary: $54,660
They help students with financial aid. These advisors explain options, assist with applications, and guide students through the process. Institutions like Wayne State University and Oakland University offer these positions.
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