Loan Doc Specialist Salaries in Michigan
How Much Does a Loan Doc Specialist Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Doc Specialist in Michigan is $80,407.
While Salary.com is seeing that Loan Doc Specialist salary in MI can go up to $95,126
or down to $64,243, but most earn between $71,946 and $88,112.
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 Doc Specialist
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Similar Job Salaries to Loan Doc Specialist by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
U.S. Bank
SBA Loan Doc Specialist
|
$91,178/yr
|
RANGE: $82,744 - $99,613
|
|
Pinnacle Bank/Bank of Colorado
LOAN DOC SPECIALIST
|
$65,381/yr
|
RANGE: $58,845 - $71,918
|
|
Pinnacle Bank
LOAN DOC SPECIALIST
|
$65,381/yr
|
RANGE: $58,845 - $71,918
|
|
U.S. Bank National Association
SBA Loan Doc Specialist
|
$102,511/yr
|
RANGE: $93,029 - $111,993
|
|
OneMain Financial
Loan Sales Specialist
|
$61,007/yr
|
RANGE: $54,810 - $67,203
|
|
Rocket Mortgage
Loan Structure Operations Specialist
|
$61,744/yr
|
RANGE: $55,624 - $67,864
|
Top 10 Highest Paying Cities For Loan Doc Specialist 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 Doc Specialist 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 Doc Specialist job salaries in Michigan.
Some cities can pay higher salaries for Loan Doc Specialist jobs, which can indicate that there is a large demand for Loan Doc Specialist positions in this city.
The following table shows top 10 cities where the Loan Doc Specialist salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Loan Doc Specialist salary is $82,081 in Ann Arbor,
which is higher than the national average. There are 6 cities' Loan Doc Specialist salary higher than national average in Michigan.
The average salary for a Loan Doc Specialist in Michigan is $80,407,
but we found that the city with the highest salary for Loan Doc Specialist jobs is Ann Arbor, MI, and it is higher than Canton.
Loan Doc Specialist 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 | $82,081 | $6,840 | $1,578 | $39 |
| Canton | $81,951 | $6,829 | $1,576 | $39 |
| Novi | $81,689 | $6,807 | $1,571 | $39 |
| Detroit | $81,657 | $6,805 | $1,570 | $39 |
| Warren | $81,657 | $6,805 | $1,570 | $39 |
| Dearborn | $81,657 | $6,805 | $1,570 | $39 |
| Dearborn Heights | $81,616 | $6,801 | $1,570 | $39 |
| Royal Oak | $81,567 | $6,797 | $1,569 | $39 |
| Westland | $81,542 | $6,795 | $1,568 | $39 |
| Taylor | $81,526 | $6,794 | $1,568 | $39 |
What Does a Loan Doc Specialist Do?
Many loan documentation specialists work on more than one loan at a time, so managing varied projects and deadlines is essential to succeed in this position.
Updated December 09, 2021
Employed by a bank or other financial institution, a Loan Documentation Specialist is the person who prepares and approves client applications for loans, leases, or credit.
Updated November 16, 2021
The qualifications needed to become a loan documentation specialist include a bachelor’s degree in accounting, business, or a related field.
Updated November 11, 2021
As a loan documentation specialist, your job is to collect and prepare documents for closing a loan, coordinate the process, review papers to check for errors after closing, and when necessary, take action to correct those errors.
Updated October 20, 2021
A low doc commercial loan is used in situations where you cannot provide the proof of your income that most lenders require.
Updated October 18, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Doc Specialist Salaries
What is the average of a Loan Doc Specialist in Michigan?
The Loan Doc Specialist salary range is from $71,946 to $88,112, and the average Loan Doc Specialist salary is $80,407/year in Michigan.
The Loan Doc Specialist's salary will change in different locations.
Which location pays the highest Loan Doc Specialist salary in the United States?
The Loan Doc Specialist salary in San Jose, CA is $102,983
which is the highest in the US.
What kinds of reasons will influence the Loan Doc Specialist'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 Doc Specialist.
What is the growth rate of the Loan Doc Specialist's salary?
If you are thinking of becoming a Loan Doc Specialist or planning the next step in your career, find the detailed salary report of a Loan Doc Specialist.
