How much does a Loan Specialist make in Southfield, MI?
A Loan Specialist in Southfield, MI, can expect to earn a good salary. On average, they make about $144,150 per year. This amount can vary based on experience, skills, and the specific company. Some Loan Specialists may earn more, especially those with many years of experience or special expertise.
The salary for Loan Specialists in Southfield can range widely. Here are some figures to give you an idea:
- Some earn around $30,000 a year.
- Many earn between $62,727 and $95,455 annually.
- Experienced specialists can earn over $160,909 per year.
- A few top earners can make more than $357,273 a year.
What are the highest paying cities for a Loan Specialist near Southfield, MI?

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Birmingham, MI
Average Salary: $218,333
Birmingham offers a prime location for financial roles. Companies like BB&T and Huntington Bank provide opportunities. Job seekers enjoy a mix of city and suburban living, with strong community support.
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Troy, MI
Average Salary: $195,750
In Troy, the finance sector thrives. Regions and Fifth Third Bank are key employers. The area combines urban amenities with a family-friendly atmosphere.
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Dearborn, MI
Average Salary: $168,346
Dearborn's economy benefits from the automotive industry. Ford Credit and local banks offer roles in loan services. It’s a diverse area with lots of cultural activities.
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Royal Oak, MI
Average Salary: $158,750
Royal Oak is known for its vibrant community. Comerica and local credit unions hire for financial roles. The city has a lively downtown and many entertainment options.
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Rochester Hills, MI
Average Salary: $146,875
Rochester Hills has a growing financial sector. Companies like Chase and local credit unions are hiring. The area is family-oriented with great schools and parks.
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Farmington Hills, MI
Average Salary: $140,179
In Farmington Hills, finance jobs are abundant. PNC Bank and local financial firms offer opportunities. The community is known for its safety and recreational facilities.
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Detroit, MI
Average Salary: $120,574
Detroit is a hub for financial services. Major banks like Bank of America and Capital One offer roles. The city is revitalizing with new businesses and cultural events.
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West Bloomfield Township, MI
Average Salary: $116,224
West Bloomfield Township provides numerous financial roles. TD Bank and local credit unions are hiring. The area is suburban with good schools and shopping.
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Novi, MI
Average Salary: $115,875
Novi is a top choice for finance careers. Comerica and local banks offer many opportunities. It’s a family-friendly area with plenty of parks and activities.
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Livonia, MI
Average Salary: $102,796
Livonia offers a mix of urban and suburban living. Chase and local credit unions hire for financial roles. The community is known for its friendly atmosphere and good schools.
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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: $347,917
United Mortgage Lending offers rewarding Loan Specialist jobs. They help people with their mortgage needs. The company has offices in Southfield, MI, and other areas. They provide training and career growth opportunities.
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loanDepot
Average Salary: $56,667
At loanDepot, Loan Specialists make loans easy for customers. They work in various locations, including Southfield, MI. loanDepot focuses on customer service and offers a supportive work environment.
What are the best paying Loan Specialist related jobs in Southfield, MI?

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Portfolio Manager
Average Salary: $137,757
These professionals oversee collections of assets. They make decisions to maximize returns. They work closely with clients to understand their goals. Many opportunities exist in financial firms in Southfield.
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Mortgage Loan Originator
Average Salary: $108,688
These specialists help clients apply for mortgages. They guide clients through the loan process. They work for banks and lending companies in Southfield. Strong communication skills are a must.
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Branch Manager
Average Salary: $102,924
Branch managers lead teams in financial institutions. They ensure smooth operations. They manage staff and help clients with their needs. Many banks in Southfield seek experienced managers.
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Financial Advisor
Average Salary: $88,432
Advisors provide guidance on investments and financial planning. They work with clients to meet their goals. They often have a strong background in finance. Many firms in Southfield offer these roles.
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Sales Specialist
Average Salary: $76,412
Sales specialists sell financial products. They build relationships with clients. They need strong communication and negotiation skills. Companies in Southfield seek skilled sales professionals.
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Risk Analyst
Average Salary: $73,000
Analysts assess risks in financial decisions. They use data to make informed choices. They work in banks and financial firms. Southfield has many opportunities for those with analytical skills.
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Underwriter
Average Salary: $65,420
Underwriters evaluate the risk of insuring clients. They decide if a client is a good candidate. They work for insurance companies. Southfield has a range of underwriting positions.
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Operations Analyst
Average Salary: $62,455
Analysts study and improve business processes. They help companies run smoothly. They work in financial institutions. Southfield has many roles for those with process improvement skills.
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Loan Processor
Average Salary: $57,285
Processors handle paperwork for loan applications. They ensure all documents are correct. They work in banks and lending companies. Southfield offers many positions for detail-oriented individuals.
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Credit Analyst
Average Salary: $55,833
Analysts review credit applications. They assess the risk of lending money. They work for banks and financial firms. Southfield has numerous roles for those with strong analytical skills.
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