Home Loan Processor Salaries in Detroit, MI
How Much Does a Home Loan Processor Make in Detroit, MI?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Home Loan Processor in Detroit, MI is $45,920.
While Salary.com is seeing that Home Loan Processor salary in Detroit, MI can go up to $56,479
or down to $37,131, but most earn between $41,320 and $51,447.
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 Home Loan Processor
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Home Loan Processor by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Woodward Home Loans
Loan Processor
|
$66,034/yr
|
RANGE: $56,491 - $75,578
|
|
FreeStar Financial Credit Union
Loan Processor
|
$64,710/yr
|
RANGE: $55,724 - $73,697
|
|
Filer Credit Union
Consumer Loan Processor
|
$97,826/yr
|
RANGE: $81,105 - $114,547
|
|
Highpoint Community Bank
Commercial Loan Processor
|
$63,671/yr
|
RANGE: $54,469 - $72,873
|
|
United Federal Credit Union
Consumer Loan Operations Processor
|
$71,767/yr
|
RANGE: $61,751 - $81,783
|
|
VirtualVocations
Mortgage Loan Processor
|
$68,811/yr
|
RANGE: $58,346 - $79,275
|
|
Germain Honda of Ann Arbor
Entry-Level Automotive Loan Processor
|
$65,997/yr
|
RANGE: $56,832 - $75,162
|
|
Boeing Employees Credit Union
Home Equity Loan Processor
|
$59,602/yr
|
RANGE: $51,286 - $67,917
|
|
B10 Wells Fargo Bank, N. A.
Senior Home Loan Processor
|
$68,317/yr
|
RANGE: $58,785 - $77,849
|
What Does a Home Loan Processor Do?
While not required to become a loan processor, the following certification programs can help you understand the role of a loan processor better, all while learning invaluable real-world experience.
Updated November 17, 2021
Next, the loan processor arranges a home appraisal to ensure the requested mortgage amount matches up to the home’s appraised value.
Updated December 20, 2021
The loan processor is responsible for processing mortgage applications and getting them prepared for the mortgage underwriter.
Updated December 16, 2021
You can usually expect a mortgage loan processor to be involved throughout the application process: from pre-approval to closing.
Updated December 16, 2021
While the loan officer or broker may be the person who “got you the loan” to begin with, it’s the processor that will likely take over once you’ve been “sold.”.
Updated December 15, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Home Loan Processor Salaries
What is the average of a Home Loan Processor in Detroit, MI?
The Home Loan Processor salary range is from $41,320 to $51,447, and the average Home Loan Processor salary is $45,920/year in Detroit, MI.
The Home Loan Processor's salary will change in different locations.
Which location pays the highest Home Loan Processor salary in the United States?
The Home Loan Processor salary in San Jose, CA is $57,173
which is the highest in the US.
What kinds of reasons will influence the Home 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 Home Loan Processor.
What is the growth rate of the Home Loan Processor's salary?
If you are thinking of becoming a Home Loan Processor or planning the next step in your career, find the detailed salary report of a Home Loan Processor.
