How Much Does a Commercial Loan Assistant Make in Michigan?

Updated May 28, 2024
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Individually reported data submitted by users of our website

Low Confidence
$52,610/yr
Average Base Pay
Low $45,145
Average $52,610
High $61,472
The average salary for Commercial Loan Assistant is $52,610 per year in Michigan.
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Related Job Titles to Commercial Loan Assistant

Commercial Loan Administrative Assistant
$44,368
Michigan
Per Year
Commercial Real Estate Loan Assistant Manager
$157,900
Michigan
Per Year
Commercial Loan Clerk
$44,744
Michigan
Per Year
Commercial Loan Review Manager
$135,319
Michigan
Per Year

Similar Job Salaries to Commercial Loan Assistant by Company

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Company average base salary in (usd) range
THE DART BANK
Commercial Loan Servicing Specialist
$65,239/yr
$55,187
$75,292
RANGE: $55,187 - $75,292
Mi BANK - Bloomfield Hills
Commercial Loan Documentation Specialist
$55,512/yr
$47,141
$63,882
RANGE: $47,141 - $63,882
Horizon Bank
Sr. Commercial Loan Officer
$137,706/yr
$114,792
$160,620
RANGE: $114,792 - $160,620
United Bank of Michigan
Commercial Loan Officer
$102,171/yr
$85,286
$119,056
RANGE: $85,286 - $119,056
Michigan Credit Union League
Commercial Loan Servicing Specialist
$48,978/yr
$42,288
$55,668
RANGE: $42,288 - $55,668
West Shore Bank
Commercial Loan Processor
$66,962/yr
$56,374
$77,549
RANGE: $56,374 - $77,549
Mi BANK
Commercial Loan Documentation Specialist
$55,512/yr
$47,141
$63,882
RANGE: $47,141 - $63,882
Michigan Credit Union League
Commercial Loan Servicer
$81,192/yr
$68,318
$94,066
RANGE: $68,318 - $94,066
ELGA Credit Union
Commercial Loan Servicer
$72,765/yr
$61,299
$84,230
RANGE: $61,299 - $84,230
ELGA Credit Union
Commercial Loan Portfolio Manager
$160,352/yr
$130,072
$190,632
RANGE: $130,072 - $190,632

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Top 10 Highest Paying Cities For Commercial Loan Assistant Jobs in Michigan

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Commercial Loan Assistant can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Commercial Loan Assistant job salaries in Michigan. Some cities can pay higher salaries for Commercial Loan Assistant jobs, which can indicate that there is a large demand for Commercial Loan Assistant positions in this city.
The following table shows top 10 cities where the Commercial Loan Assistant salary is higher than other cities in Michigan. Ann Arbor takes first place in this list, followed by Canton, Novi. The Commercial Loan Assistant salary is $54,689 in Ann Arbor, which is higher than the national average. There are 18 cities' Commercial Loan Assistant salary higher than national average in Michigan.
The average salary for a Commercial Loan Assistant in Michigan is $52,610, but we found that the city with the highest salary for Commercial Loan Assistant jobs is Ann Arbor, MI, and it is higher than Canton. Commercial Loan Assistant 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 $54,689 $4,557 $1,052 $26
Canton $54,582 $4,549 $1,050 $26
Novi $54,423 $4,535 $1,047 $26
Westland $53,996 $4,500 $1,038 $26
West Bloomfield $53,783 $4,482 $1,034 $26
Detroit $53,730 $4,477 $1,033 $26
Warren $53,730 $4,477 $1,033 $26
Dearborn $53,730 $4,477 $1,033 $26
Waterford $53,730 $4,477 $1,033 $26
Dearborn Heights $53,676 $4,473 $1,032 $26

What Does a Commercial Loan Assistant Do?

You'll assist Commercial Loan Processors, Underwriters, and Officers in gathering information and documents.
Updated November 25, 2021
To become a commercial lending assistant, you need a bachelor’s degree in finance or another relevant field.
Updated October 01, 2021
Commercial lending assistants also need outstanding verbal and written communication and customer service skills and the ability to stay organized and manage their time wisely.
Updated December 22, 2021
Your duties as a commercial lending assistant are to suggest loans that fit each client’s needs, review loan applications and other documents, and process loans for business clients.
Updated December 20, 2021
Loan Assistants act as a support primarily to multiple Commercial Loan Officers but may also assist Consumer and Residential Real Estate Loan Officers.
Updated December 15, 2021

Frequently Asked Questions About a Commercial Loan Assistant Salaries

What is the average of a Commercial Loan Assistant in Michigan?

The Commercial Loan Assistant salary range is from $45,145 to $61,472, and the average Commercial Loan Assistant salary is $52,610/year in Michigan. The Commercial Loan Assistant's salary will change in different locations.

Which location pays the highest Commercial Loan Assistant salary in the United States?

The Commercial Loan Assistant salary in San Jose, CA is $66,895 which is the highest in the US.

What kinds of reasons will influence the Commercial Loan Assistant'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 Commercial Loan Assistant.

What is the growth rate of the Commercial Loan Assistant's salary?

If you are thinking of becoming a Commercial Loan Assistant or planning the next step in your career, find the detailed salary report of a Commercial Loan Assistant.