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Mortgage Loan Specialist Salary in Michigan

How much does a Mortgage Loan Specialist make in Michigan? The salary range for a Mortgage Loan Specialist job is from $54,751 to $75,003 per year in Michigan. Click on the filter to check out Mortgage Loan Specialist job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at March 01, 2025
$64,623
Per Year
The average salary for a Mortgage Loan Specialist is $64,623
per Year in Michigan.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$54,751
$64,623
Medium
$75,003

Highest Paying Cities for Mortgage Loan Specialist in Michigan

Here are the top eight that pay the highest Mortgage Loan Specialist salary in MI. Due to the cost of living in different locations, the Mortgage Loan Specialist salary will also be different. Ann Arbor with the highest wage for the Mortgage Loan Specialist in Michigan has a high living wage too. Explore more salary information by clicking the city name.

States with Higher Salaries for Mortgage Loan Specialist

Mortgage Loan Specialist works in Michigan will receive the highest salary in the United States, followed by California, New Jersey. These states have more job opportunities than other places. At the same time, the competition will be fiercer too. People need to improve their competitiveness to get a job in these cities.

How Much Do Similar Professions Get Paid in Michigan?

The Mortgage Loan Specialist jobs have a lot of different directions. And, the job title can also be quite different from in diverse companies. Some job titles may not include the Mortgage Loan Specialist, while they have the Mortgage Loan Specialist responsibilities. So, here are some similar jobs and their salaries. Click the link which you are interested in to explore more data.
Mortgage Loan Servicing Specialist
Average salary
United States
$45,177
per Year
Mortgage Loan Documentation Specialist II
Average salary
United States
$54,520
per Year
Mortgage Loan Processing Compliance Specialist
Average salary
United States
$50,600
per Year
Mortgage Loan Closing Specialist I
Average salary
United States
$50,890
per Year
Mortgage Loan Documentation Specialist I
Average salary
United States
$45,280
per Year
Mortgage Loan Closing Specialist II
Average salary
United States
$57,350
per Year

How Much Should You Be Earning?

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What Does a Mortgage Loan Specialist Do?

Taking the time to understand exactly how to become a mortgage loan originator in the first place will mean you are confident going into training.

December 18, 2021

The costs vary greatly but a mortgage broker generally earns between 1% and 3% of the total loan amount.

December 18, 2021

A servicing fee is the percentage of each mortgage payment made by a borrower to a mortgage servicer as compensation for servicing a loan.

December 17, 2021

The cost of a reverse mortgage loan will depend on the type of loan and the lender you choose. Typically, a reverse mortgage loan is more expensive than other home loans.

December 16, 2021

Can’t directly help you get a mortgage, they can ensure that your financial plan isn’t overly impacted by the introduction of monthly loan payments. Finding a qualified financial advisor doesn’t have to be hard.

December 15, 2021

Most Common Benefits for Mortgage Loan Specialist

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for a Mortgage Loan Specialist
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Taking the time to understand exactly how to become a mortgage loan originator in the first place will mean you are confident going into training.
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Saline pays the highest Mortgage Loan Specialist wage. Get personal salary report to explore more salary information in different cities.
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The Mortgage Loan Specialist salary range is $54,751 to $75,003 in MI.
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