Auto Loan Officer Salaries in Michigan
How Much Does an Auto Loan Officer Make in Michigan?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Auto Loan Officer in Michigan is $48,435.
While Salary.com is seeing that Auto Loan Officer salary in MI can go up to $61,971
or down to $30,433, but most earn between $39,012 and $55,521.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Auto Loan Officer
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Similar Job Salaries to Auto Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
ONEHOME MORTGAGE LLC
Loan Officer
|
$98,267/yr
|
RANGE: $78,329 - $118,206
|
|
MortgageUSA
Loan Officer
|
$98,072/yr
|
RANGE: $78,173 - $117,971
|
|
Blissfield State Bank
Loan Officer
|
$74,382/yr
|
RANGE: $62,564 - $86,200
|
|
Members First Credit Union
Mortgage Loan Officer I
|
$87,869/yr
|
RANGE: $69,146 - $106,591
|
|
Priority 1 Lending, LLC
Loan Officer Assistant
|
$91,921/yr
|
RANGE: $73,598 - $110,244
|
|
Citizens
Mortgage Loan Officer
|
$98,072/yr
|
RANGE: $78,173 - $117,971
|
|
Titan Lending Group
Mortgage Loan Officer
|
$98,267/yr
|
RANGE: $78,329 - $118,206
|
|
Nations Mortgage LLC
Mortgage Loan Officer
|
$98,072/yr
|
RANGE: $78,173 - $117,971
|
|
McGuire Home lending
Mortgage Loan Officer
|
$145,330/yr
|
RANGE: $106,497 - $184,162
|
Top 10 Highest Paying Cities For Auto Loan Officer Jobs in Michigan
It is important to understand how location impacts your career prospects in the United States.
There are some cities where an Auto Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Auto Loan Officer job salaries in Michigan.
Some cities can pay higher salaries for Auto Loan Officer jobs, which can indicate that there is a large demand for Auto Loan Officer positions in this city.
The following table shows top 10 cities where the Auto Loan Officer salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Auto Loan Officer salary is $50,349 in Ann Arbor,
which is higher than the national average. There are 18 cities' Auto Loan Officer salary higher than national average in Michigan.
The average salary for an Auto Loan Officer in Michigan is $48,435,
but we found that the city with the highest salary for Auto Loan Officer jobs is Ann Arbor, MI, and it is higher than Canton.
Auto Loan Officer jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Ann Arbor | $50,349 | $4,196 | $968 | $24 |
| Canton | $50,251 | $4,188 | $966 | $24 |
| Novi | $50,104 | $4,175 | $964 | $24 |
| Westland | $49,711 | $4,143 | $956 | $24 |
| West Bloomfield | $49,515 | $4,126 | $952 | $24 |
| Detroit | $49,466 | $4,122 | $951 | $24 |
| Warren | $49,466 | $4,122 | $951 | $24 |
| Dearborn | $49,466 | $4,122 | $951 | $24 |
| Waterford | $49,466 | $4,122 | $951 | $24 |
| Dearborn Heights | $49,417 | $4,118 | $950 | $24 |
What Does an Auto Loan Officer Do?
Your goal is simply to remind them you're a loan officer, not sound pushy which results in unsubsribes, and that's it.
Updated November 17, 2021
A loan officer offers mortgage options only from the financial institution they work for, while a mortgage broker acts as a matchmaker between you and a number of different mortgage lenders.
Updated November 13, 2021
A loan officer originates mortgage loans and there are two types: a licensed professional loan originator and a registered loan originator, Andrews said.
Updated October 08, 2021
Here are benefits and drawbacks worth considering when deciding between a mortgage broker and a loan officer.
Updated December 21, 2021
Loan officers communicate with numerous individuals to facilitate the lending process for banking clients.
Updated December 20, 2021
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Explore JobArchitectFrequently Asked Questions About an Auto Loan Officer Salaries
What is the average of an Auto Loan Officer in Michigan?
The Auto Loan Officer salary range is from $39,012 to $55,521, and the average Auto Loan Officer salary is $48,435/year in Michigan.
The Auto Loan Officer's salary will change in different locations.
Which location pays the highest Auto Loan Officer salary in the United States?
The Auto Loan Officer salary in San Jose, CA is $61,587
which is the highest in the US.
What kinds of reasons will influence the Auto Loan Officer's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Auto Loan Officer.
What is the growth rate of the Auto Loan Officer's salary?
If you are thinking of becoming an Auto Loan Officer or planning the next step in your career, find the detailed salary report of an Auto Loan Officer.
