Mortgage Loan Officer Salary in Michigan - State Average, Michigan

To get your salary data, use the search bar below or browse by job, city, or state.
loading...

Job title is required

loading...

Job location is required.

Average Salary for Mortgage Loan Officer in Michigan - State Average, Michigan

The average salary of a(n) Mortgage Loan Officer in Michigan - State Average, Michigan is $64,095.

The average hourly rate of a(n) Mortgage Loan Officer in Michigan - State Average, Michigan is $30.81.

The average bonus of a(n) Mortgage Loan Officer in Michigan - State Average, Michigan is $2,230.00.

Job Description:

Interviews applicants, and reviews, evaluates, and authorizes or recommends approval of customer applications for conventional residential mortgage and FHA/VA loans. Interviews applicant and requests specified information for mortgage loan application. Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan, or may submit application to Credit Analyst for verification and recommendation. Corresponds with or interviews applicant or creditors to resolve questions regarding application information. Approves mortgage loan within specified limits or refers loan to loan committee for approval. Lesser experienced loan officers operate with moderate credit authority where more experienced senior loan officers operate with substantial credit authority involving large amounts of money or important customers. Ensures loan agreements are complete and accurate according to policy. May confer with mortgage underwriter to aid in resolving mortgage application problems. May analyze potential loan markets to develop prospects for loans. May solicit and negotiate conventional or government secured loans on commission basis. May supervise loan personnel. Less

Interviews applicants, and reviews, evaluates, and authorizes or recommends approval of customer applications for conventional residential mortgage and FHA/VA loans. Interviews applicant and requests specified information for mortgage loan application. Analyzes applicant financial status, credit, and property evaluation to determine... More

How helpful is this page?

Are you a(n) Mortgage Loan Officer?

Get a more personalized salary report now. Get Report

Average Salaries for Similar Jobs in Michigan - State Average, Michigan

Job Openings by Indeed job search

Results for Mortgage Loan Officer in Michigan - State Average, Michigan

Loan Officer - Birmingham, MI

Shore Mortgage

Our most successful Loan Officers understand that they are not in the mortgage business. Our loan officers work 40 to 50 hours per week....

View job on Indeed.com

Loan Officer Experienced Mortgage Loan Originator - Charter Township of Clinton, MI

Cranbrook Loans

Cranbrook Loans is Hiring Loan Officers. As a Cranbrook Loans Loan Officer you'll enjoy the following:....

View job on Indeed.com

Lending Consultant - Troy, MI - Troy, MI

Bank of America

The Lending Consultant is a role that consists of 12 month training and mentoring program with the LC graduating to a mortgage loan officer position upon...

View job on Indeed.com

Loan Officer - Grand Rapids, MI

Integrated Resource Solutions

The Loan Officer will be responsible for the development of new business, and the closing of mortgage loans. It is absolutely vital for the loan officer to be...

View job on Indeed.com

Inside Sales, Loan Originator - Ann Arbor, MI

Gold Star Mortgage Financial Group

Customer Interfacing Loan Officer Websites. Loan officers love the benefits they receive by joining Gold Star:....

View job on Indeed.com

Discover How Much You
Should Be Paid

Work in Compensation or HR?    x