As of March 01, 2025, the average annual salary for a Loan Processing Manager in Michigan is $103,414. Salary.com reports that pay typically ranges from $86,211 to $116,270, with most professionals earning between $70,548 and $127,974.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $117,801 | $9,817 | $2,265 | $57 |
| Average | $104,776 | $8,731 | $2,015 | $50 |
| 25th Percentile | $87,347 | $7,279 | $1,680 | $42 |
An entry-level Loan Processing Manager with under 1 year experience makes about $95,746. With less than 2 years of experience, a mid-level Loan Processing Manager makes around $96,506. After 2-4 years, the Loan Processing Manager pay rises to about $99,041. Those senior Loan Processing Manager with 5-8 years of experience earn roughly $102,082, and those Loan Processing Manager having 8 years or more experience are expected to earn about $105,302 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Processing Manager | $95,746 |
| Intermediate Level Loan Processing Manager | $96,506 |
| Senior Level Loan Processing Manager | $99,041 |
| Specialist Level Loan Processing Manager | $102,082 |
| Expert Level Loan Processing Manager | $105,302 |
| Entry Level | 9% |
| Mid Level | 8% |
| Senior Level | 5% |
| Top Level | 3% |
| Experienced | 1% |
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Loan Processing Manager salary varies from city to city. Compared with national average salary of Loan Processing Manager, the highest Loan Processing Manager salary is in San Francisco, CA, where the Loan Processing Manager salary is 25.0% above. The lowest Loan Processing Manager salary is in Miami, FL, where the Loan Processing Manager salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $130,971 |
25.0%
|
| Washington, DC | $116,616 |
11.3%
|
| Miami, FL | $101,109 |
|
| Chicago, IL | $109,910 |
4.9%
|
| Boston, MA | $117,454 |
12.1%
|
| New York, NY | $122,379 |
16.8%
|
