Loan Specialist Salaries & Top Paying Companies in Troy, MI

Position

City

Salary

How much does a Loan Specialist make in Troy, MI?

The average salary for a Loan Specialist is $179,275 per year in Troy, MI.

Graph depicting the yearly salary distribution for Loan Specialist jobs in Troy, MI, showing an average salary of $179,275 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Loan Specialist jobs in Troy, MI, showing an average salary of $14,940 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Loan Specialist jobs in Troy, MI, showing an average salary of $3,448 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Loan Specialist jobs in Troy, MI, showing an average salary of $86 with varying distribution percentages across salary ranges.

A Loan Specialist in Troy, MI, earns an average yearly salary of $179,275. This figure reflects the diverse skill sets and experiences of professionals in this field. The salary range can vary significantly, with some specialists earning as low as $30,000 and others reaching up to $600,000 annually. This range highlights the potential for growth and advancement in the role.

Factors that influence salary include years of experience, specific industry knowledge, and the size of the financial institution. Loan Specialists with more experience and specialized skills often command higher salaries. Additionally, those working in larger banks or financial firms may have access to higher-paying positions. This role offers a promising career path with opportunities for financial growth and professional development.

What are the highest paying cities for a Loan Specialist near Troy, MI?

Job seekers looking for Loan Specialist positions near Troy, MI, will find Birmingham, MI, offers the highest average salary at $295,500. Southfield, MI, follows closely with an average salary of $157,345. Dearborn, MI, provides another attractive option with an average salary of $152,474. These cities present excellent opportunities for those in the loan industry. Royal Oak, MI, and Bloomfield Hills, MI, also offer competitive salaries, making them viable options for professionals seeking growth and higher earnings.

Graph displaying highest paying cities salaries for Loan Specialist jobs near Troy, MI, highlighting Birmingham, MI with the highest at $295,500 and Sterling Heights, MI with the lowest at $63,200.

Birmingham, MI
Average Salary: $295,500
In Birmingham, MI, professionals in the lending field enjoy a vibrant community. The city is home to several financial institutions, offering diverse opportunities. Working here means being part of a dynamic and supportive environment.
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Southfield, MI
Average Salary: $157,345
Southfield, MI, is a hub for financial services, making it an excellent place for lending professionals. The city's strong economy offers many job opportunities. Working here means being part of a thriving financial sector.
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Dearborn, MI
Average Salary: $152,474
Dearborn, MI, provides a stable environment for lending professionals. The city is known for its diverse industries, offering a range of job opportunities. Working here means being part of a community that values financial expertise.
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Rochester Hills, MI
Average Salary: $137,500
Rochester Hills, MI, is a great place for lending professionals. The city offers a mix of financial institutions and businesses. Working here means being part of a community that supports career growth in the lending field.
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Royal Oak, MI
Average Salary: $135,358
In Royal Oak, MI, lending professionals find a supportive work environment. The city has a mix of financial and retail businesses. Working here means being part of a community that values financial services.
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Bloomfield Hills, MI
Average Salary: $133,909
Bloomfield Hills, MI, offers a prestigious environment for lending professionals. The city is known for its affluent residents and high-quality businesses. Working here means being part of a community that values excellence in financial services.
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Farmington Hills, MI
Average Salary: $131,017
Farmington Hills, MI, provides a diverse work environment for lending professionals. The city has a mix of industries, offering many opportunities. Working here means being part of a community that supports career development in the lending field.
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Novi, MI
Average Salary: $127,333
Novi, MI, is a great place for lending professionals. The city offers a mix of financial institutions and businesses. Working here means being part of a community that supports career growth in the lending field.
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Livonia, MI
Average Salary: $119,064
Livonia, MI, provides a supportive environment for lending professionals. The city has a mix of industries, offering many opportunities. Working here means being part of a community that values financial services.
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Sterling Heights, MI
Average Salary: $63,200
Sterling Heights, MI, offers a diverse work environment for lending professionals. The city has a mix of industries, offering many opportunities. Working here means being part of a community that supports career development in the lending field.
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What are the best paying companies for a Loan Specialist in Troy, MI?

Job seekers in Troy, MI, looking for Loan Specialist positions can find attractive opportunities with United Mortgage Lending, which offers an average salary of $381,818. This company stands out for its high compensation. Another notable employer is eMortgage Funding, with an average salary of $162,500, providing a solid income for professionals in the industry. Rapid Mortgage Funding also offers a competitive average salary of $155,333, making it a good choice for those seeking a balance between salary and job satisfaction.

Graph displaying best paying company salaries for Loan Specialist jobs in Troy, MI, highlighting United Mortgage Lending with the highest at $381,818 and LoanCraft, LLC with the lowest at $65,000.

United Mortgage Lending
Average Salary: $381,818
United Mortgage Lending offers Loan Specialist jobs with a focus on providing comprehensive mortgage solutions. They operate in Troy, MI, and have a strong reputation for customer service. Their Loan Specialists work closely with clients to tailor mortgage options to their needs.
eMortgage Funding
Average Salary: $162,500
eMortgage Funding is a leading company in the mortgage industry. They offer Loan Specialist positions with a focus on digital mortgage solutions. Based in Troy, MI, they provide a dynamic work environment where Loan Specialists can leverage technology to streamline the mortgage process.
Rapid Mortgage Funding
Average Salary: $155,333
Rapid Mortgage Funding is known for its fast-paced and efficient mortgage services. They offer Loan Specialist jobs in Troy, MI, with a focus on quick loan processing and customer satisfaction. Their Loan Specialists play a crucial role in ensuring smooth and timely mortgage transactions.
MortgagePros
Average Salary: $124,591
MortgagePros provides Loan Specialist jobs with a focus on personalized mortgage services. They operate in Troy, MI, and offer a supportive environment for Loan Specialists. Their team works hard to help clients find the best mortgage options for their financial needs.
LoanCraft, LLC
Average Salary: $65,000
LoanCraft, LLC offers Loan Specialist positions with a focus on innovative mortgage solutions. They are based in Troy, MI, and provide a collaborative work environment. Their Loan Specialists are involved in various aspects of the mortgage process, from application to closing.

What are the best paying Loan Specialist related jobs in Troy, MI?

Loan Specialist roles in Troy, MI, offer pathways to high-paying jobs. Portfolio Managers lead investment strategies and earn an average of $156,083. Underwriters, who assess loan risks, make around $117,276. Sales Specialists, who focus on selling loan products, earn about $113,732. These positions require strong analytical skills and a deep understanding of the financial sector. Financial Advisors, who guide clients on investment decisions, earn around $103,850. Mortgage Loan Originators, who handle the loan application process, make about $90,163. Risk Analysts, who evaluate potential loan risks, earn roughly $76,600.

Graph displaying best paying related job salaries for Loan Specialist jobs near Troy, MI, highlighting Portfolio Manager with the highest at $156,083 and Operations Analyst with the lowest at $65,075.

Portfolio Manager
Average Salary: $156,083
This role involves overseeing a collection of financial assets. Managers work with clients to create and manage investment strategies. Companies like JPMorgan Chase and Fidelity Investments offer these positions.
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Underwriter
Average Salary: $117,276
Underwriters assess the risk of lending money. They review applications and decide if a loan should be approved. Firms such as State Farm and Allstate have underwriters in Troy, MI.
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Sales Specialist
Average Salary: $113,732
Sales specialists promote financial products and services. They build relationships with clients and help them find the right solutions. Companies like Bank of America and Chase Bank hire sales specialists.
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Financial Advisor
Average Salary: $103,850
Financial advisors provide guidance on investments and savings. They help clients create plans to meet their financial goals. Edward Jones and Merrill Lynch are known for hiring financial advisors in Troy, MI.
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Mortgage Loan Originator
Average Salary: $90,163
Mortgage loan originators assist clients in getting home loans. They explain the process and guide clients through paperwork. Wells Fargo and Quicken Loans offer these positions.
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Risk Analyst
Average Salary: $76,600
Risk analysts evaluate potential risks for financial institutions. They look at data and trends to predict future outcomes. Companies like Goldman Sachs and Morgan Stanley hire risk analysts.
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Commercial Loan Officer
Average Salary: $75,277
Commercial loan officers work with businesses to secure loans. They assess the creditworthiness of companies and help them find the best financing options. PNC Bank and Fifth Third Bank have these roles.
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Branch Manager
Average Salary: $67,825
Branch managers oversee daily operations at a bank branch. They ensure smooth service and manage staff. Chase Bank and TD Bank offer branch manager positions.
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Consumer Banker
Average Salary: $66,950
Consumer bankers help clients with personal financial needs. They provide services like checking accounts and loans. Bank of America and Citibank hire consumer bankers.
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Operations Analyst
Average Salary: $65,075
Operations analysts review and improve business processes. They identify areas for efficiency and cost savings. Companies like Deloitte and Accenture offer these positions.
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Loan Specialist Salary in Troy, MI

How much does a Loan Specialist make in Troy, MI?

What are the highest paying cities for a Loan Specialist near Troy, MI?

What are the best paying companies for a Loan Specialist in Troy, MI?

Currently 1,385 Loan Specialist job openings, nationwide.

How's the job market for a Loan Specialist in the US?

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