Jr Loan Processor Salaries in Detroit, MI
How Much Does a Jr Loan Processor Make in Detroit, MI?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Jr Loan Processor in Detroit, MI is $55,132.
While Salary.com is seeing that Jr Loan Processor salary in Detroit, MI can go up to $71,896
or down to $40,229, but most earn between $47,331 and $63,907.
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 Jr Loan Processor
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Similar Job Salaries to Jr Loan Processor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
GreenStone Farm Credit Services
Loan Processor
|
$61,937/yr
|
RANGE: $52,905 - $70,970
|
|
Greenstone
Loan Processor
|
$63,681/yr
|
RANGE: $54,838 - $72,525
|
|
CrossCountry Mortgage, LLC
Loan Processor
|
$64,582/yr
|
RANGE: $55,613 - $73,550
|
|
FreeStar Financial Credit Union
Loan Processor
|
$63,488/yr
|
RANGE: $54,672 - $72,305
|
|
Filer Credit Union
Consumer Loan Processor
|
$97,826/yr
|
RANGE: $81,105 - $114,547
|
|
Mercantile Bank
Consumer Loan Processor
|
$61,632/yr
|
RANGE: $53,056 - $70,208
|
|
Swift Home Loans
Mortgage Loan Processor
|
$68,811/yr
|
RANGE: $58,346 - $79,275
|
|
Equity Express Mortgage, LLC
Mortgage Loan Processor
|
$67,775/yr
|
RANGE: $57,548 - $78,002
|
|
TD Bank N.A
Loan Processor IV - Maine Licensed
|
$67,004/yr
|
RANGE: $57,233 - $76,776
|
What Does a Jr Loan Processor Do?
A junior loan processor deals with assessing the financial history of loan applicants and assessing whether applicants are eligible to obtain loans.
Updated October 16, 2021
The junior loan processor also examines whether the loan applicant has the capacity to pay back the loan and ensures that the loan applicant has reliable streams of income.
Updated December 18, 2021
A junior loan processor requires an associate's degree or a Bachelor of Arts degree in a business-related field such as economics, accounting, business administration or banking.
Updated December 14, 2021
A junior loan processor also helps put together loan packages tailored to fit the needs of loan applicants.
Updated December 12, 2021
The junior loan processor should be competent in using the Internet, since most institutions are starting to receive and process online applications.
Updated December 10, 2021
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Explore JobArchitectFrequently Asked Questions About a Jr Loan Processor Salaries
What is the average of a Jr Loan Processor in Detroit, MI?
The Jr Loan Processor salary range is from $47,331 to $63,907, and the average Jr Loan Processor salary is $55,132/year in Detroit, MI.
The Jr Loan Processor's salary will change in different locations.
Which location pays the highest Jr Loan Processor salary in the United States?
The Jr Loan Processor salary in San Jose, CA is $68,641
which is the highest in the US.
What kinds of reasons will influence the Jr 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 Jr Loan Processor.
What is the growth rate of the Jr Loan Processor's salary?
If you are thinking of becoming a Jr Loan Processor or planning the next step in your career, find the detailed salary report of a Jr Loan Processor.
