How much does a Loan Specialist make in Southfield, MI?
A Loan Specialist in Southfield, MI earns an average yearly salary of about $153,912. This means people in this role can expect to make a good living. These specialists help people with their loans, making sure everything goes smoothly.
The salary range for Loan Specialists in Southfield can vary widely. Some make as low as $30,000 a year, while others make over $390,000. Many factors can affect a Loan Specialist's salary. These include experience, skills, and the company they work for. Those with more experience and higher skills often earn more. Job seekers aiming for the higher end of this range should focus on gaining experience and developing their skills in the field.
What are the highest paying cities for a Loan Specialist near Southfield, MI?

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Birmingham, MI
Average Salary: $246,000
Working in Birmingham, MI, as a financial professional offers a prime location near top-tier companies. With organizations like Comerica Bank and Fifth Third Bank, there are many chances to grow. The area is known for its lively community and strong business environment.
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Troy, MI
Average Salary: $192,353
Troy, MI, provides a bustling environment for finance roles. Close to institutions like JPMorgan Chase and Ally Financial, job seekers find ample opportunities. The city's robust business sector and family-friendly atmosphere enhance the work experience.
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Dearborn, MI
Average Salary: $168,346
In Dearborn, MI, the finance industry is thriving. With the presence of major companies like Ford Motor Company and TCF Bank, professionals have access to diverse opportunities. The area offers a blend of cultural richness and economic strength.
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Royal Oak, MI
Average Salary: $152,500
Royal Oak, MI, is a hub for finance jobs. Home to companies like Quicken Loans and 3M, it attracts many professionals. The city's vibrant culture and well-developed infrastructure create a vibrant work environment.
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Rochester Hills, MI
Average Salary: $145,000
Rochester Hills, MI, is a great place for finance careers. Companies like BorgWarner and SunTrust Bank offer many positions. The area's mix of suburban living and business activity makes it ideal for professionals.
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Farmington Hills, MI
Average Salary: $140,181
Farmington Hills, MI, has a strong finance sector. With the headquarters of Quicken Loans nearby, there are many job opportunities. The city's safe neighborhoods and excellent schools make it a desirable place to work.
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Detroit, MI
Average Salary: $124,958
Detroit, MI, offers a dynamic environment for finance roles. Leading companies like PricewaterhouseCoopers and Ernst & Young provide many jobs. The city’s rich history and revitalization efforts create a unique workplace.
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Novi, MI
Average Salary: $112,761
Novi, MI, is an excellent location for finance careers. Companies like PricewaterhouseCoopers and the headquarters of Ally Financial are nearby. The city's suburban charm and business-friendly policies enhance career prospects.
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Livonia, MI
Average Salary: $108,696
Livonia, MI, provides a stable setting for finance jobs. With the presence of institutions like Huntington Bank, there are good opportunities. The area’s blend of urban amenities and community feel supports professional growth.
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West Bloomfield Township, MI
Average Salary: $93,969
West Bloomfield Township, MI, offers a prosperous environment for finance careers. Home to the headquarters of Quicken Loans, there are many job opportunities. The area’s well-maintained infrastructure and community events enrich the work experience.
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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: $370,577
United Mortgage Lending offers exciting opportunities for Loan Specialists in Southfield, MI. They focus on providing top-notch mortgage services. The company operates in multiple locations, ensuring wide job availability.
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Green Arrow Staffing
Average Salary: $74,000
Green Arrow Staffing is a well-known company looking for skilled Loan Specialists in Southfield, MI. They offer a dynamic work environment and the chance to grow your career. This company serves various locations, enhancing job opportunities.
What are the best paying Loan Specialist related jobs in Southfield, MI?

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Portfolio Manager
Average Salary: $137,757
Manages a variety of financial assets for clients. Works with banks and financial institutions. Focuses on maximizing returns and minimizing risk.
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Branch Manager
Average Salary: $110,067
Oversees day-to-day operations of a local branch. Ensures customer satisfaction and staff performance. Engages with clients to build long-term relationships.
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Mortgage Loan Originator
Average Salary: $108,688
Helps clients apply for home loans. Explains loan options and terms clearly. Works closely with underwriters and loan processors to get approval.
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Compliance Officer
Average Salary: $100,000
Ensures that a financial institution follows all laws and regulations. Conducts audits and reviews policies. Reports any issues to higher management.
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Financial Advisor
Average Salary: $84,646
Provides guidance on investment options. Helps clients plan for retirement and savings. Uses strong analytical skills to create financial strategies.
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Sales Specialist
Average Salary: $74,372
Promotes and sells financial products. Meets with clients to understand their needs. Works to close deals and build client relationships.
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Risk Analyst
Average Salary: $73,000
Assess potential financial risks. Analyze data and market trends. Provide recommendations to management to mitigate risks.
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Underwriter
Average Salary: $65,420
Evaluates loan applications. Decides whether to approve or deny loans. Works with loan officers and branch managers to make informed decisions.
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Operations Analyst
Average Salary: $62,455
Monitors and improves business operations. Works with data to find ways to increase efficiency. Supports managers with reports and insights.
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Loan Processor
Average Salary: $57,285
Handles the paperwork for loan applications. Ensures all documents are complete and accurate. Coordinates with loan officers to move applications forward.
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