Loan Closing Officer Salaries in Michigan
How Much Does a Loan Closing Officer Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Closing Officer in Michigan is $65,897.
While Salary.com is seeing that Loan Closing Officer salary in MI can go up to $85,995
or down to $47,081, but most earn between $56,048 and $76,417.
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 Loan Closing Officer
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Similar Job Salaries to Loan Closing Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
PNC Investments
Loan Closing Analyst
|
$59,315/yr
|
RANGE: $53,497 - $65,133
|
|
Bank Michigan
Senior Commercial Loan Closing Coordinator
|
$60,681/yr
|
RANGE: $54,674 - $66,689
|
|
Rapid Home Lending
Loan Officer
|
$76,533/yr
|
RANGE: $68,775 - $84,291
|
|
Extreme Loans
Loan Officer
|
$76,410/yr
|
RANGE: $68,664 - $84,156
|
|
First Horizon National Corporation
Loan Closing Officer
|
$58,474/yr
|
RANGE: $52,739 - $64,210
|
|
Fifth Third
Cml Loan Post Closing Exception Spec I
|
$59,665/yr
|
RANGE: $52,742 - $66,589
|
|
Fifth Third Bank, N.A.
Cml Loan Post Closing Exception Spec I
|
$59,665/yr
|
RANGE: $52,742 - $66,589
|
|
Innovation Mortgage
Mortgage Loan Officer
|
$76,364/yr
|
RANGE: $68,623 - $84,106
|
|
Southern Michigan Bank & Trust
Commercial Loan Officer
|
$95,910/yr
|
RANGE: $85,170 - $106,650
|
|
Oxford Bank
Business Banking Loan Officer
|
$98,044/yr
|
RANGE: $87,893 - $108,196
|
Top 10 Highest Paying Cities For Loan Closing Officer Jobs in Michigan
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Closing Officer can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Loan Closing Officer job salaries in Michigan.
Some cities can pay higher salaries for Loan Closing Officer jobs, which can indicate that there is a large demand for Loan Closing Officer positions in this city.
The following table shows top 10 cities where the Loan Closing Officer salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Loan Closing Officer salary is $67,268 in Ann Arbor,
which is higher than the national average. There are 6 cities' Loan Closing Officer salary higher than national average in Michigan.
The average salary for a Loan Closing Officer in Michigan is $65,897,
but we found that the city with the highest salary for Loan Closing Officer jobs is Ann Arbor, MI, and it is higher than Canton.
Loan Closing Officer 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 | $67,268 | $5,606 | $1,294 | $32 |
| Canton | $67,161 | $5,597 | $1,292 | $32 |
| Novi | $66,947 | $5,579 | $1,287 | $32 |
| Detroit | $66,921 | $5,577 | $1,287 | $32 |
| Warren | $66,921 | $5,577 | $1,287 | $32 |
| Dearborn | $66,921 | $5,577 | $1,287 | $32 |
| Dearborn Heights | $66,887 | $5,574 | $1,286 | $32 |
| Royal Oak | $66,847 | $5,571 | $1,286 | $32 |
| Westland | $66,827 | $5,569 | $1,285 | $32 |
| Taylor | $66,813 | $5,568 | $1,285 | $32 |
What Does a Loan Closing Officer Do?
A mortgage broker works with many lenders to find you loan programs with the best rates, terms and lowest closing costs for your situation, but the broker doesn’t actually lend you money.
Updated December 21, 2021
The BLS reports that approximately 25,000 openings for loan officers are projected each year, on average, over the decade.
Updated December 01, 2021
In fact, one reason why banks continue to have so many branch offices is that they need to bring loan officers face to face with potential borrowers.
Updated November 13, 2021
In other words, a mortgage broker is a type of mortgage business, while a loan officer is a salesperson paid to give you the information needed to choose a mortgage that fits your needs.
Updated December 22, 2021
Both mortgage brokers and mortgage banks pay loan officers a fixed percentage of the loan amount, although there may be variations, Andrews said.
Updated December 20, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Closing Officer Salaries
What is the average of a Loan Closing Officer in Michigan?
The Loan Closing Officer salary range is from $56,048 to $76,417, and the average Loan Closing Officer salary is $65,897/year in Michigan.
The Loan Closing Officer's salary will change in different locations.
Which location pays the highest Loan Closing Officer salary in the United States?
The Loan Closing Officer salary in San Jose, CA is $84,398
which is the highest in the US.
What kinds of reasons will influence the Loan Closing Officer'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 Loan Closing Officer.
What is the growth rate of the Loan Closing Officer's salary?
If you are thinking of becoming a Loan Closing Officer or planning the next step in your career, find the detailed salary report of a Loan Closing Officer.
