Mortgage Loan Officer Salary in Michigan - State Average, Michigan

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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 $64,168.

The average hourly rate of a(n) Mortgage Loan Officer in Michigan - State Average, Michigan is $30.85.

The average bonus of a(n) Mortgage Loan Officer in Michigan - State Average, Michigan is $2,233.00.

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

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

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

Loan Officer - West Bloomfield Township, MI

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To increase mortgage loan production by developing contacts, attracting mortgage customers, reviewing and processing loan applications;...

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Mortgage Loan Officer - Farmington Hills, MI

ENG Lending

Reverse Mortgage and Collections experience required. The skills required to excel in the Reverse Mortgage industry mirror those for Collections....

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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....

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Mortgage Loan Officer - Novi, MI

New American Funding

Mortgage Loan Sales:. Inside Loan Agents proactively solicit new residential mortgage business by taking qualified, live inbound calls from company generated...

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(Mortgage) Loan Originator NE - Northville, MI

Prime Lending

May supervise and direct the activities of other loan officer(s), loan officer assistant(s), or loan processor(s)....

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