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As of August 01, 2026, the average salary for a Loan Originator Assistant in Michigan is $48,330 per year, which breaks down to an hourly rate of $23.
However, a Loan Originator Assistant's salary can vary significantly. Here’s a look at the typical salary range:
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Loan Originator Assistant Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $53,206 | $4,434 | $1,023 | $26 |
| Average | $48,330 | $4,028 | $929 | $23 |
| 25th Percentile | $44,660 | $3,722 | $859 | $21 |
Lake Michigan Credit Union - Traverse City, MI
DENALI HOME LOANS LLC - Southfield, MI
American First Funding - Southfield, MI
Mortgage Center - Detroit, MI
A Loan Originator Assistant'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.
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Originator Assistants. For example, consider the average annual salaries in these key locations:
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:
For Loan Originator Assistant roles, the industry you choose can impact your earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 30% above the average. Conversely, Loan Originator Assistant positions in Business Services typically offer lower base pay, as this sector often view Loan Originator Assistant as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $62,829 | $30.0 | 30% |
Understanding how a Loan Originator Assistant'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $53,206 | $4,434 | $1,023 | $26 |
| Average | $48,330 | $4,028 | $929 | $23 |
| 25th Percentile | $44,660 | $3,722 | $859 | $21 |
Ready to take the next step in your career? Browse thousands of current Loan Originator Assistant job openings on our job board. Use the search bar below to find your perfect match.
Arbor Financial Credit Union
Portage, MI
Arbor Financial Credit Union | Portage, MI
Mortgage Loan Originator. As the Mortgage Loan Originator, you will build relationships within the community and guide members through the mortgage process... more
8 Days Ago
Hilltop Holdings
Dearborn Heights, MI
Hilltop Holdings | Dearborn Heights, MI
Job Description. Under the direction of the Branch and/or Production Manager, markets and promotes PrimeLending products and services to its client base of... more
9 Days Ago
LAFCU
Lansing, MI
LAFCU | Lansing, MI
Job Title. Location 106 N Marketplace Blvd, Lansing, MI, 48917-7753, United States. Industry Mortgage/Lending, Sales, Credit Unions/Financial Institutions.... more
9 Days Ago
Financial Plus Credit Union - Michigan
Flint, MI
Financial Plus Credit Union - Michigan | Flint, MI
Mortgage Loan Originator. To assist members with their mortgage lending needs: analyze loan requests and make credit decisions based on mortgage lending po... more
9 Days Ago
CrossCountry Mortgage
Ann Arbor, MI
CrossCountry Mortgage | Ann Arbor, MI
Outside Loan Originator. CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 7,000 employees operating... more
9 Days Ago
Modern Mortgage Financial LLC
Farmington Hills, MI
Modern Mortgage Financial LLC | Farmington Hills, MI
Job Description. Job Description. We are seeking a Mortgage Loan Originator to become a part of our team. Must have MLO license. Responsibilities. Advise b... more
9 Days Ago
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