How much does a Loan Specialist make in Troy, MI?
A Loan Specialist in Troy, MI earns a competitive salary. On average, they make about $196,415 per year. This salary offers a strong financial reward for the responsibilities and skills needed in this role.
Different Loan Specialists may earn different amounts based on their experience and role. Entry-level specialists may start around $34,000. As experience grows, salaries can rise significantly. Top earners can make over $600,000 annually. The diverse salary range shows plenty of growth opportunities for those in this field.
What are the highest paying cities for a Loan Specialist near Troy, MI?

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Birmingham, MI
Average Salary: $218,333
Loan Specialists in Birmingham, MI can find rewarding opportunities in a range of financial institutions. With companies like Huntington Bank and PNC Bank nearby, professionals here often assist clients with various lending needs. The area’s strong financial sector provides ample career growth.
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Dearborn, MI
Average Salary: $168,346
In Dearborn, MI, Loan Specialists work in a community known for its rich industrial heritage. Ford Motor Company, a major employer, often seeks professionals to manage lending products. The city's diverse economy gives specialists a broad range of experiences.
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Royal Oak, MI
Average Salary: $159,500
Royal Oak, MI offers a vibrant environment for Loan Specialists. With nearby hospitals and healthcare facilities, professionals often deal with medical loans. The city’s welcoming community makes it a great place to build a successful career.
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Farmington Hills, MI
Average Salary: $139,767
Working as a Loan Specialist in Farmington Hills, MI, means being part of a dynamic financial landscape. The area hosts companies like 1st Source Bank, where specialists help clients with personal and business loans. Farmington Hills is known for its excellent quality of life.
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Southfield, MI
Average Salary: $131,962
Southfield, MI, known as the 'Automotive Capital of America,' provides many opportunities for Loan Specialists. With major corporations like Quicken Loans and Ally Financial, specialists here work closely with a diverse client base, supporting a thriving industry.
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Novi, MI
Average Salary: $126,727
In Novi, MI, Loan Specialists often find roles in the banking and finance sectors. Companies like TCF Bank and Comerica Bank offer various lending services. The area’s strong economic growth makes it a promising place to advance your career.
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Sterling Heights, MI
Average Salary: $111,286
Sterling Heights, MI provides a supportive environment for Loan Specialists. With institutions like Fifth Third Bank, specialists help clients navigate mortgage and personal loans. The city’s growth offers opportunities for career advancement.
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Livonia, MI
Average Salary: $95,748
Loan Specialists in Livonia, MI benefit from the city's diverse economic base. With prominent banks like Chase and Regions, professionals here play a key role in providing lending solutions. Livonia’s community-focused atmosphere supports career growth.
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What are the best paying companies for a Loan Specialist in Troy, MI?

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United Mortgage Lending LLC
Average Salary: $302,089
United Mortgage Lending LLC offers Loan Specialist positions in Troy, MI. This company focuses on delivering top-notch mortgage solutions. It operates across multiple locations, providing specialized services tailored to clients' needs.
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Blue Whale Lending
Average Salary: $210,375
Blue Whale Lending has Loan Specialist openings in Troy, MI. They are known for their innovative approach to lending. The company's operations extend to various regions, ensuring they meet the diverse financial needs of their clients.
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USA Mortgage
Average Salary: $205,125
USA Mortgage provides Loan Specialist jobs in Troy, MI. They are committed to excellence in mortgage services. The company operates in several locations, enhancing their ability to serve clients effectively.
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CLEAR MORTGAGE
Average Salary: $199,375
CLEAR MORTGAGE offers competitive Loan Specialist positions in Troy, MI. They focus on providing clear and transparent mortgage solutions. Their operations cover various regions, allowing them to cater to a wide client base.
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Lending Force, LLC
Average Salary: $198,756
Lending Force, LLC has Loan Specialist jobs available in Troy, MI. They are dedicated to offering robust mortgage services. Their operations are spread across multiple locations, enhancing their service delivery.
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Perry Johnson Mortgage Company
Average Salary: $168,915
Perry Johnson Mortgage Company provides Loan Specialist positions in Troy, MI. They focus on delivering excellent mortgage services. Their operations extend to various locations, ensuring they meet the financial needs of their clients.
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eMortgage Funding LLC
Average Salary: $162,500
eMortgage Funding LLC offers Loan Specialist jobs in Troy, MI. They are known for their innovative mortgage solutions. Their operations cover multiple locations, allowing them to serve a broad client base.
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MortgagePros
Average Salary: $158,640
MortgagePros has Loan Specialist openings in Troy, MI. They focus on providing professional mortgage services. Their operations are spread across several regions, enabling them to meet the needs of their clients effectively.
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Peoples Bank and Trust
Average Salary: $155,000
Peoples Bank and Trust offers Loan Specialist positions in Troy, MI. They are committed to delivering reliable mortgage services. Their operations span multiple locations, enhancing their ability to serve clients.
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Ease Mortgage
Average Salary: $154,167
Ease Mortgage provides Loan Specialist jobs in Troy, MI. They focus on offering easy and accessible mortgage solutions. Their operations cover various regions, ensuring they can meet the financial needs of their clients.
What are the best paying Loan Specialist related jobs in Troy, MI?

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Portfolio Manager
Average Salary: $167,875
This role involves managing a collection of financial assets. Companies like JPMorgan Chase and Wells Fargo hire managers. They need strong analytical skills to optimize investments.
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Sales Specialist
Average Salary: $145,257
They sell financial products and services. At firms like TD Bank and Fifth Third Bank, specialists work closely with clients. Their goal is to meet financial goals through tailored solutions.
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Underwriter
Average Salary: $125,588
Underwriters assess risk for lending. Companies like Bank of America and Citi hire them. They review loan applications and decide on approval. They ensure loans meet credit criteria.
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Financial Advisor
Average Salary: $115,619
Advisors help clients manage their money. At firms like Edward Jones and Charles Schwab, they provide guidance. They create investment plans to meet clients' financial needs.
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Consumer Banker
Average Salary: $115,450
They serve individuals' banking needs. Companies like PNC and U.S. Bank hire consumer bankers. They offer loans, savings accounts, and other services. They build strong relationships with customers.
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Mortgage Loan Originator
Average Salary: $114,718
They guide clients through the mortgage process. At firms like Chase and Wells Fargo, originators assess applications. They connect clients with the right mortgage products.
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Commercial Loan Officer
Average Salary: $111,145
They handle loans for businesses. Companies like Bank of America and Fifth Third Bank hire officers. They evaluate business credit and financial health. They help businesses secure the funds they need.
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Risk Analyst
Average Salary: $88,306
They evaluate potential risks for lending. Firms like JPMorgan Chase and Goldman Sachs hire analysts. They assess loan applications and market trends. They help the company make informed decisions.
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Operations Analyst
Average Salary: $72,267
They support daily operations at financial institutions. At companies like Capital One and Bank of America, analysts monitor transactions. They ensure smooth operations and identify areas for improvement.
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Loan Servicing Specialist
Average Salary: $69,743
They manage customer accounts for loans. Companies like Chase and Wells Fargo hire specialists. They handle payments, inquiries, and documents. They ensure customers stay on track with their loans.
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