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Loan Servicing Representative II - Consumer Loans Salary in Michigan

How much does a Loan Servicing Representative II - Consumer Loans make in Michigan?

As of August 01, 2026, the average salary for a Loan Servicing Representative II - Consumer Loans in Michigan is $45,900 per year, which breaks down to an hourly rate of $22.

However, a Loan Servicing Representative II - Consumer Loans's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $52,969
  • Majority Range (25th-75th percentile): $42,500 to $49,600
  • Entry-Level (10th percentile): $39,404
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View as table View as graph 25% $42,500 10% $39,404 90% $52,969 75% $49,600 $45,900 50%(Median) Didn’t find job title? Click

Loan Servicing Representative II - Consumer Loans Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $49,600 $4,133 $954 $24
Average $45,900 $3,825 $883 $22
25th Percentile $42,500 $3,542 $817 $20
Check out Loan Servicing Representative II - Consumer Loans Job Openings in Michigan
Loan Sales Specialist

OneMain Financial - JACKSONVILLE, NC

Associate Vice President Consumer Loan Operations Manager

Confidential - BOULDER, CO

Head of Global Asset Servicing

Confidential - NEW YORK, NY

Vice President Global Asset Servicing

Confidential - NEW YORK, NY

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Key Factors That Influence Loan Servicing Representative II - Consumer Loans Salaries

A Loan Servicing Representative II - Consumer Loans's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.

How Experience Level Affects Loan Servicing Representative II - Consumer Loans Salaries?

Experience is a primary driver of a Loan Servicing Representative II - Consumer Loans's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Loan Servicing Representative I - Consumer Loans (0-1 years): $41,103
  • Loan Servicing Representative II - Consumer Loans (1-3 years): $45,816
  • Loan Servicing Representative III - Consumer Loans (3-5 years): $50,907
  • Consumer Loan Servicing Supervisor (5+ years): $62,618
  • Consumer Loan Servicing Manager (5+ years): $95,008
Job Role Years of Experience Average Salary
Loan Servicing Representative I - Consumer Loans0-1 years$41,103
Loan Servicing Representative II - Consumer Loans1-3 years$45,816
Loan Servicing Representative III - Consumer Loans3-5 years$50,907
Consumer Loan Servicing Supervisor5+ years$62,618
Consumer Loan Servicing Manager5+ years$95,008
$41,103 Loan Serv...
$45,816 Loan Serv...
$50,907 Loan Serv...
$62,618 Consumer ...
$95,008 Consumer ...
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Top Paying Cities for Loan Servicing Representative II - Consumer Loans

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Davison: $44,200
  • Decker: $43,700
  • Deckerville: $43,500

Loan Servicing Representative II - Consumer Loans Salary by Company Size: Startups vs. Enterprise

Loan Servicing Representative II - Consumer Loans salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $48,903. While startup companies pay approximate $41,526.

Loan Servicing Representative II - Consumer Loans Salary by Company Size

Company Size Employees Average Salary
Startup1~50$41,526
Growth Stage51~500$43,882
Established501~5000$47,268
Enterprise5000+$48,903

Loan Servicing Representative II - Consumer Loans Salary by Industry: Top Paying Sectors

For Loan Servicing Representative II - Consumer Loans roles, the industry you choose can impact your earning potential by as much as 15% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 5% above the average. Conversely, Loan Servicing Representative II - Consumer Loans positions in Business Services typically offer lower base pay, as this sector often view Loan Servicing Representative II - Consumer Loans as a support function rather than a direct revenue driver.

The top paying industries for a Loan Servicing Representative II - Consumer Loans

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Edu., Gov't. & Nonprofit$48,195$23.05%
Financial Services$48,195$23.05%

Loan Servicing Representative II - Consumer Loans Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Servicing Representative II - Consumer Loans's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on August 01, 2026
$42,500
Average $45,900/year
$49,600
$3,542
Average $3,825/month
$4,133
$817
Average $883/week
$954
$20
Average $22/hour
$24
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $49,600 $4,133 $954 $24
Average $45,900 $3,825 $883 $22
25th Percentile $42,500 $3,542 $817 $20

Loan Servicing Representative II - Consumer Loans Salary Growth & Career Path

Loan Servicing Representative II - Consumer Loans
Loan Servicing Representative III - Consumer Loans
Mortgage Escrow Documentation Specialist
Consumer Loan Servicing Manager

Promotions are the fastest way to increase your earnings. As a Loan Servicing Representative II - Consumer Loans, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Loan Servicing Representative II - Consumer Loans Salary Growth and Career Path
Next Step Role Estimate Salary Projected Raise
Loan Servicing Representative III - Consumer Loans $51,000 11%
Mortgage Escrow Documentation Specialist $57,300 25%

Salaries of jobs related to Loan Servicing Representative II - Consumer Loans

Find Your Next Loan Servicing Representative II - Consumer Loans Job

Ready to take the next step in your career? Browse thousands of current Loan Servicing Representative II - Consumer Loans job openings on our job board. Use the search bar below to find your perfect match.

United States

  • Confidential

    NEWPORT BEACH, CA

    Senior Vice President Head of Asset Servicing

    Confidential | NEWPORT BEACH, CA

    Senior Vice President, Head of Asset Servicing. About the Company. A large, multi-asset investment management firm with a global investment platform. Indus... more

    20 Days Ago

  • Confidential

    BOSTON, MA

    Vice President Loan Operations

    Confidential | BOSTON, MA

    Vice President, Loan Operations. About the Company. Sophisticated credit investment platform overseeing loan operations across private credit portfolios. I... more

    1 Month Ago

  • Confidential

    NEW YORK, NY

    Vice President Loan Operations

    Confidential | NEW YORK, NY

    Vice President, Loan Operations. About the Company. Sophisticated credit investment platform overseeing loan operations across private credit portfolios. I... more

    1 Month Ago

  • Confidential

    HOUSTON, TX

    Vice President Loan Operations

    Confidential | HOUSTON, TX

    Vice President, Loan Operations. About the Company. Prominent banking institution. Industry. Banking. Type. Privately Held. About the Role. The Company is ... more

    1 Month Ago

  • Confidential

    HOUSTON, TX

    Vice President Loan Operations

    Confidential | HOUSTON, TX

    Vice President, Loan Operations. About the Company. Respected banking institution. Industry. Banking. Type. Privately Held. About the Role. The Company is ... more

    1 Month Ago

  • Confidential

    DOWNERS GROVE, IL

    Vice President Loan Administration

    Confidential | DOWNERS GROVE, IL

    Vice President, Loan Administration. About the Company. Well-regarded community bank. Industry. Banking. Type. Privately Held. About the Role. The Company ... more

    1 Month Ago

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