Home Loan Processor Salaries in Michigan
How Much Does a Home Loan Processor Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Home Loan Processor in Michigan is $44,932.
While Salary.com is seeing that Home Loan Processor salary in MI can go up to $55,263
or down to $36,333, but most earn between $40,431 and $50,340.
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
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Similar Job Salaries to Home 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
|
|
Greenstone
Loan Processor
|
$53,445/yr
|
RANGE: $48,065 - $58,825
|
|
Hilton Grand Vacations
Loan Processor
|
$53,991/yr
|
RANGE: $48,556 - $59,426
|
|
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
|
|
Guild Mortgage Company LLC / GUILD
Loan Processor III
|
$53,944/yr
|
RANGE: $49,602 - $58,286
|
Top 10 Highest Paying Cities For Home 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 a Home 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 Home Loan Processor job salaries in Michigan.
Some cities can pay higher salaries for Home Loan Processor jobs, which can indicate that there is a large demand for Home Loan Processor positions in this city.
The following table shows top 10 cities where the Home Loan Processor salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Home Loan Processor salary is $45,867 in Ann Arbor,
which is higher than the national average. There are 6 cities' Home Loan Processor salary higher than national average in Michigan.
The average salary for a Home Loan Processor in Michigan is $44,932,
but we found that the city with the highest salary for Home Loan Processor jobs is Ann Arbor, MI, and it is higher than Canton.
Home 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 | $45,867 | $3,822 | $882 | $22 |
| Canton | $45,794 | $3,816 | $881 | $22 |
| Novi | $45,648 | $3,804 | $878 | $22 |
| Detroit | $45,630 | $3,803 | $878 | $22 |
| Warren | $45,630 | $3,803 | $878 | $22 |
| Dearborn | $45,630 | $3,803 | $878 | $22 |
| Dearborn Heights | $45,607 | $3,801 | $877 | $22 |
| Royal Oak | $45,580 | $3,798 | $877 | $22 |
| Westland | $45,566 | $3,797 | $876 | $22 |
| Taylor | $45,557 | $3,796 | $876 | $22 |
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
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Explore JobArchitectFrequently Asked Questions About a Home Loan Processor Salaries
What is the average of a Home Loan Processor in Michigan?
The Home Loan Processor salary range is from $40,431 to $50,340, and the average Home Loan Processor salary is $44,932/year in Michigan.
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 $57,547
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.
