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

The average salary for a Loan Specialist is $184,176 per year in Troy, MI.

Job seekers considering a role as a Loan Specialist in Troy, MI, may be interested in the local salary data. The average yearly salary for a Loan Specialist in Troy is $184,176. This figure reflects a range of salaries, showcasing the potential earnings in this field. Understanding these numbers can help in setting expectations and in negotiating future salary offers.

When looking at specific salary points, the distribution shows a spread across different income levels. For instance, about 15.99% of Loan Specialists earn around $30,000 annually. A larger segment, 36.78%, makes between $133,636 and $185,455 each year. The highest earners, representing 0.64%, make over $392,727 annually. These numbers highlight the earning potential that can vary based on experience, qualifications, and specific role responsibilities.

Loan Specialist jobs in Troy, MI

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

Loan Specialist jobs offer competitive salaries in many Michigan cities. Birmingham, MI, stands out with an average salary of $246,000, offering top-tier compensation. Nearby, Dearborn, MI, provides an average salary of $166,919, making it another attractive option for job seekers. Explore these opportunities for rewarding career growth in the financial sector.
Graph displaying highest paying cities salaries for Loan Specialist jobs near Troy, MI, highlighting Birmingham, MI with the highest at $246,000 and Sterling Heights, MI with the lowest at $59,846.
  1. Birmingham, MI
    Average Salary: $246,000
    In Birmingham, MI, this role offers a chance to work with top-tier financial institutions. Professionals can expect to collaborate with leading banks and credit unions, providing mortgage and personal loans. The professional environment is competitive, with a focus on customer satisfaction.
    Find Loan Specialist jobs in Birmingham, MI


  2. Dearborn, MI
    Average Salary: $166,919
    Dearborn, MI, is home to many established financial firms. As a specialist here, you'll interact with diverse clients and contribute to the community's economic growth. Working with local banks, you can help people secure loans for various needs.
    Find Loan Specialist jobs in Dearborn, MI


  3. Southfield, MI
    Average Salary: $157,643
    Southfield, MI, features a dynamic financial sector with numerous opportunities. Professionals in this role work with both national and local banks, ensuring clients get the best loan options. The job requires strong customer service skills and attention to detail.
    Find Loan Specialist jobs in Southfield, MI


  4. Rochester Hills, MI
    Average Salary: $145,000
    In Rochester Hills, MI, you can find a mix of corporate and independent financial services. This role involves assisting clients with loans to meet their financial goals. The area is known for its supportive business environment.
    Find Loan Specialist jobs in Rochester Hills, MI


  5. Farmington Hills, MI
    Average Salary: $137,417
    Farmington Hills, MI, offers a range of financial opportunities. This job involves helping clients with loans and credit. The role is ideal for those who enjoy working with people and providing personalized financial advice.
    Find Loan Specialist jobs in Farmington Hills, MI


  6. Bloomfield Hills, MI
    Average Salary: $127,540
    Bloomfield Hills, MI, is known for its affluent clientele. Professionals here assist with a variety of loan products, including home and auto loans. The role demands strong analytical skills and a commitment to client satisfaction.
    Find Loan Specialist jobs in Bloomfield Hills, MI


  7. Royal Oak, MI
    Average Salary: $123,500
    Royal Oak, MI, has a thriving financial industry. This position involves working closely with clients to understand their financial needs. Professionals here benefit from a collaborative work culture and ample opportunities for career growth.
    Find Loan Specialist jobs in Royal Oak, MI


  8. Novi, MI
    Average Salary: $121,769
    In Novi, MI, this role provides a chance to work in a growing financial sector. Specialists help clients secure loans for personal and business purposes. The job requires excellent communication skills and a customer-focused approach.
    Find Loan Specialist jobs in Novi, MI


  9. Livonia, MI
    Average Salary: $111,874
    Livonia, MI, offers a range of job opportunities in the financial sector. Professionals in this role assist clients with various loan types, including mortgages and personal loans. The area is known for its strong community ties.
    Find Loan Specialist jobs in Livonia, MI


  10. Sterling Heights, MI
    Average Salary: $59,846
    Sterling Heights, MI, is a place with diverse financial opportunities. This job involves helping clients navigate the loan process, from application to approval. The area supports a growing population, offering many career opportunities.
    Find Loan Specialist jobs in Sterling Heights, MI

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

Job seekers looking for Loan Specialist roles in Troy, MI, should consider United Mortgage Lending, which offers the highest average salary at $377,596. This company stands out for its strong compensation packages. Another option is eMortgage Funding, where the average salary is $162,500, making it a competitive choice for those in the field.
Graph displaying best paying company salaries for Loan Specialist jobs in Troy, MI, highlighting United Mortgage Lending with the highest at $377,596 and MortgagePros with the lowest at $148,917.
  1. United Mortgage Lending
    Average Salary: $377,596
    United Mortgage Lending offers diverse Loan Specialist roles. Based in Troy, MI, the company has a strong reputation for providing competitive benefits and professional growth opportunities. Loan Specialists work on various mortgage products and serve clients across multiple states.


  2. eMortgage Funding
    Average Salary: $162,500
    eMortgage Funding is a growing company that hires Loan Specialists in Troy, MI. They focus on digital mortgage solutions and offer a supportive environment for career development. Loan Specialists interact with clients and ensure smooth loan processes. They work closely with other departments to achieve company goals.


  3. Rapid Mortgage Funding
    Average Salary: $155,333
    Rapid Mortgage Funding, located in Troy, MI, provides Loan Specialist positions with a focus on efficiency. This company values teamwork and offers a structured approach to mortgage lending. Loan Specialists handle applications and maintain client relationships. They work in a fast-paced environment to meet tight deadlines.


  4. Peoples Bank and Trust
    Average Salary: $155,000
    Peoples Bank and Trust offers Loan Specialist roles in Troy, MI. The company has a long history and values customer service. Loan Specialists assist clients with mortgage needs and ensure regulatory compliance. They enjoy a collaborative work culture with opportunities for advancement.


  5. MortgagePros
    Average Salary: $148,917
    MortgagePros hires Loan Specialists in Troy, MI. They focus on personalized service and client satisfaction. Loan Specialists work on mortgage applications and guide clients through the process. The company values communication and professional development, providing a supportive environment for career growth.

Currently 1,382 Loan Specialist job openings, nationwide.

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

Learn what a Loan Specialist does, how to become one, and understand the job outlook. Get simple steps to start your career as a Loan Specialist today.
Position
Overview
Loan Specialist
1,382 Job Openings