Loan Operations Salary in Michigan
How Much Does a Loan Operations make?
Loan Operations made a median salary around $56,983 in December, 2024.
The best-paid 25 percent made $63,732 probably that year, while the lowest-paid 25 percent made around $50,907.
Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Check out
Loan Operations
jobs in
Michigan
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Best-Paying Cities for Loan Operations
The metropolitan areas that pay the highest salary in the Loan Operations profession are Saline
, Ypsilanti
, Ann Arbor
, Dexter
, Salem
.
| Saline, MI | $59,234 |
| Ypsilanti, MI | $59,234 |
| Ann Arbor, MI | $59,234 |
| Dexter, MI | $59,234 |
| Salem, MI | $59,177 |
Best-Paying States for Loan Operations
The states and districts that pay Loan Operations the highest salary are District of Columbia (around $64,257)
, California (around $63,680)
, New Jersey (around $63,276)
, Alaska (around $62,871)
, and Massachusetts (around $62,814)
.
| District of Columbia | $64,257 |
| California | $63,680 |
| New Jersey | $63,276 |
| Alaska | $62,871 |
| Massachusetts | $62,814 |
What is the Career Path of Loan Operations?
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
The first career path typically progresses to
Loan Processing Supervisor.
The second career path typically progresses to
Loan Processing Assistant Manager.
The third career path typically progresses to
Loan Processing Manager.
Besides, Loan Operations can also turn to other related jobs, including
Manager, Loan Operations
,
LOAN OPERATIONS SPECIALIST
,
Loan Operations Analyst
and
Loan Operations Officer
.
Frequently Asked Questions for Loan Operations
Q:
What is the salary range of Loan Operations in Michigan?
A:
In 2024
, the lowest-paid Loan Operations in Michigan earned an average annual salary of $50,907
, while the highest-paid made $63,732.
Q:
What is the salary for a Loan Operations in California?
A:
Loan Operations employed in California earned an average salary of $63,680 in 2024.
Average Loan Operations Pay vs. Other Jobs
Loan Operations earned an average salary of $56,983 in 2024.
Other jobs related to Loan Operations earned the following average salary in December, 2024.
Manager, Loan Operations
made $169,527
,
LOAN OPERATIONS SPECIALIST
made $52,646
,
Loan Operations Analyst
and
Loan Operations Officer
made $56,029
and $88,316 respectively
.
Relevant Jobs of Loan Operations
There is currently no job description for Manager, Loan Operations, be the first to
submit
the job responsibilities for Manager, Loan Operations.
A Loan Operations Specialist is responsible for managing the administrative and operational tasks related to loan processing and servicing. This includes reviewing loan applications, verifying documentation, and ensuring compliance with regulations and internal policies. They also handle loan disbursements, payments, and account maintenance, as well as resolving any issues or discrepancies that may arise. Additionally, they may assist with customer inquiries and provide support to loan officers and other team members. Strong attention to detail, organizational skills, and knowledge of loan processing procedures and regulations are essential for this role.
There is currently no job description for Loan Operations Analyst, be the first to
submit
the job responsibilities for Loan Operations Analyst.
There is currently no job description for Loan Operations Officer, be the first to
submit
the job responsibilities for Loan Operations Officer.
There is currently no job description for Loan Operations Assistant, be the first to
submit
the job responsibilities for Loan Operations Assistant.