Auto Loan Processor Salaries in Michigan
How Much Does an Auto Loan Processor Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Auto Loan Processor in Michigan is $46,852.
While Salary.com is seeing that Auto Loan Processor salary in MI can go up to $55,680
or down to $36,854, but most earn between $41,619 and $51,473.
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 Processor
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Similar Job Salaries to Auto Loan Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
FreeStar Financial Credit Union
Loan Processor
|
$57,222/yr
|
RANGE: $51,461 - $62,982
|
|
Farm Credit
Loan Processor
|
$53,445/yr
|
RANGE: $48,065 - $58,825
|
|
Hilton Grand Vacations
Loan Processor
|
$53,991/yr
|
RANGE: $48,556 - $59,426
|
|
BD Capital
Loan Processor
|
$58,111/yr
|
RANGE: $52,261 - $63,961
|
|
CHARLEVOIX STATE BANK
LOAN PROCESSOR
|
$58,113/yr
|
RANGE: $52,237 - $63,988
|
|
GreenStone Farm Credit Services
Loan Processor
|
$53,445/yr
|
RANGE: $48,065 - $58,825
|
|
City National Bank
Mortgage Loan Processor II
|
$56,458/yr
|
RANGE: $50,773 - $62,143
|
|
THE DART BANK
Mortgage Loan Processor
|
$56,458/yr
|
RANGE: $50,773 - $62,143
|
|
Huron Community Bank
Commercial Loan Processor
|
$62,084/yr
|
RANGE: $55,783 - $68,386
|
|
Isabella Bank
Commercial Loan Processor I
|
$62,084/yr
|
RANGE: $55,783 - $68,386
|
Top 10 Highest Paying Cities For Auto Loan Processor 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 Processor 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 Processor job salaries in Michigan.
Some cities can pay higher salaries for Auto Loan Processor jobs, which can indicate that there is a large demand for Auto Loan Processor positions in this city.
The following table shows top 10 cities where the Auto Loan Processor salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Auto Loan Processor salary is $47,827 in Ann Arbor,
which is higher than the national average. There are 6 cities' Auto Loan Processor salary higher than national average in Michigan.
The average salary for an Auto Loan Processor in Michigan is $46,852,
but we found that the city with the highest salary for Auto Loan Processor jobs is Ann Arbor, MI, and it is higher than Canton.
Auto Loan Processor 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 | $47,827 | $3,986 | $920 | $23 |
| Canton | $47,751 | $3,979 | $918 | $23 |
| Novi | $47,599 | $3,967 | $915 | $23 |
| Detroit | $47,580 | $3,965 | $915 | $23 |
| Warren | $47,580 | $3,965 | $915 | $23 |
| Dearborn | $47,580 | $3,965 | $915 | $23 |
| Dearborn Heights | $47,556 | $3,963 | $915 | $23 |
| Royal Oak | $47,527 | $3,961 | $914 | $23 |
| Westland | $47,513 | $3,959 | $914 | $23 |
| Taylor | $47,504 | $3,959 | $914 | $23 |
What Does an Auto Loan Processor Do?
Underwriters take at least 48 hours to underwrite the loan and after the borrower signs the package it takes 24 hours for a processor to process the documents.
Updated September 27, 2021
The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay.
Updated December 22, 2021
Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction.
Updated December 16, 2021
The Loan Processor then works with the Mortgage Underwriter to get and/or verify any additional information needed to approve the loan.
Updated December 15, 2021
Loan processors, like loan officers, work for banks, mortgage lenders, and other loan-related services.
Updated December 08, 2021
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Explore JobArchitectFrequently Asked Questions About an Auto Loan Processor Salaries
What is the average of an Auto Loan Processor in Michigan?
The Auto Loan Processor salary range is from $41,619 to $51,473, and the average Auto Loan Processor salary is $46,852/year in Michigan.
The Auto Loan Processor's salary will change in different locations.
Which location pays the highest Auto Loan Processor salary in the United States?
The Auto Loan Processor salary in San Jose, CA is $60,006
which is the highest in the US.
What kinds of reasons will influence the Auto Loan Processor'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 Processor.
What is the growth rate of the Auto Loan Processor's salary?
If you are thinking of becoming an Auto Loan Processor or planning the next step in your career, find the detailed salary report of an Auto Loan Processor.
