Loan Document Processor Salaries in Michigan
How Much Does a Loan Document Processor Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Document Processor in Michigan is $46,852.
While Salary.com is seeing that Loan Document Processor salary in MI can go up to $55,680
or down to $36,854, but most earn between $41,619 and $51,473.
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 Document Processor
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Similar Job Salaries to Loan Document 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
|
|
GreenStone Farm Credit Services
Loan Processor
|
$53,445/yr
|
RANGE: $48,065 - $58,825
|
|
Swift Home Loans
Mortgage Loan Processor
|
$58,521/yr
|
RANGE: $52,629 - $64,413
|
|
City National Bank
Mortgage Loan Processor II
|
$56,458/yr
|
RANGE: $50,773 - $62,143
|
|
Range Bank
Business Banking Loan Processor
|
$54,752/yr
|
RANGE: $49,240 - $60,264
|
|
THE DART BANK
Mortgage Loan Processor
|
$56,458/yr
|
RANGE: $50,773 - $62,143
|
Top 10 Highest Paying Cities For Loan Document 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 Loan Document 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 Loan Document Processor job salaries in Michigan.
Some cities can pay higher salaries for Loan Document Processor jobs, which can indicate that there is a large demand for Loan Document Processor positions in this city.
The following table shows top 10 cities where the Loan Document Processor salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Loan Document Processor salary is $47,827 in Ann Arbor,
which is higher than the national average. There are 6 cities' Loan Document Processor salary higher than national average in Michigan.
The average salary for a Loan Document Processor in Michigan is $46,852,
but we found that the city with the highest salary for Loan Document Processor jobs is Ann Arbor, MI, and it is higher than Canton.
Loan Document 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 | $47,827 | $3,986 | $920 | $23 |
| Canton | $47,751 | $3,979 | $918 | $23 |
| Novi | $47,599 | $3,967 | $915 | $23 |
| Detroit | $47,580 | $3,965 | $915 | $23 |
| Warren | $47,580 | $3,965 | $915 | $23 |
| Dearborn | $47,580 | $3,965 | $915 | $23 |
| Dearborn Heights | $47,556 | $3,963 | $915 | $23 |
| Royal Oak | $47,527 | $3,961 | $914 | $23 |
| Westland | $47,513 | $3,959 | $914 | $23 |
| Taylor | $47,504 | $3,959 | $914 | $23 |
What Does a Loan Document Processor Do?
To become a loan processor, you’ll want to start working at places like credit unions, mortgage lenders and banks.
Updated November 20, 2021
A mortgage processor, also known as a mortgage loan originator or loan processor, sets up the borrower with the proper documents for the loan program they want to use.
Updated November 16, 2021
This generally includes processors, underwriters, and assistants who are not involved in offering or negotiating loans.
Updated October 26, 2021
Underwriters take at least 48 hours to underwrite the loan and after the borrower signs the package it takes 24 hours for a processor to process the documents.
Updated October 10, 2021
Once you complete the minimal eligibility such as experience, annual income and age, you can avail of a loan by applying online with a doorstep document collection facility.
Updated December 22, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Document Processor Salaries
What is the average of a Loan Document Processor in Michigan?
The Loan Document Processor salary range is from $41,619 to $51,473, and the average Loan Document Processor salary is $46,852/year in Michigan.
The Loan Document Processor's salary will change in different locations.
Which location pays the highest Loan Document Processor salary in the United States?
The Loan Document Processor salary in San Jose, CA is $60,006
which is the highest in the US.
What kinds of reasons will influence the Loan Document 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 Loan Document Processor.
What is the growth rate of the Loan Document Processor's salary?
If you are thinking of becoming a Loan Document Processor or planning the next step in your career, find the detailed salary report of a Loan Document Processor.
