Loan Processing Analyst Salaries in Michigan
How Much Does a Loan Processing Analyst Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Processing Analyst in Michigan is $40,304.
While Salary.com is seeing that Loan Processing Analyst salary in MI can go up to $49,524
or down to $28,601, but most earn between $34,178 and $45,130.
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 Processing Analyst
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Similar Job Salaries to Loan Processing Analyst by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Perry Johnson Mortgage Company
Loan Processing Expert
|
$67,411/yr
|
RANGE: $60,599 - $74,222
|
|
United Wholesale Mortgage
Entry Level Loan Processing Specialist
|
$73,043/yr
|
RANGE: $65,478 - $80,607
|
|
United Wholesale Mortgage
Entry Level Loan Processing Specialists
|
$73,043/yr
|
RANGE: $65,478 - $80,607
|
|
Comerica Bank
Commercial Loan Reconcilement Analyst
|
$77,703/yr
|
RANGE: $68,815 - $86,591
|
|
State of Michigan
Departmental Analyst 9-11 / ITB / CJIC / Criminal History / Criminal Processing & Modification
|
$58,406/yr
|
RANGE: $52,722 - $64,090
|
|
Three Rivers Bank of Montana
Loan Processing Supervisor
|
$62,820/yr
|
RANGE: $57,626 - $68,015
|
|
JX Enterprises, Inc.
Loan Processing Specialist
|
$57,129/yr
|
RANGE: $51,378 - $62,880
|
|
Farm Credit Council
Loan Processing Coordinator
|
$58,606/yr
|
RANGE: $52,601 - $64,610
|
|
AgSouth Farm Credit, ACA
Loan Processing Coordinator
|
$58,523/yr
|
RANGE: $52,527 - $64,520
|
|
NEWITY
Loan Processing Support
|
$64,546/yr
|
RANGE: $58,020 - $71,072
|
Top 10 Highest Paying Cities For Loan Processing Analyst 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 Processing Analyst 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 Processing Analyst job salaries in Michigan.
Some cities can pay higher salaries for Loan Processing Analyst jobs, which can indicate that there is a large demand for Loan Processing Analyst positions in this city.
The following table shows top 10 cities where the Loan Processing Analyst salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Loan Processing Analyst salary is $41,143 in Ann Arbor,
which is higher than the national average. There are 6 cities' Loan Processing Analyst salary higher than national average in Michigan.
The average salary for a Loan Processing Analyst in Michigan is $40,304,
but we found that the city with the highest salary for Loan Processing Analyst jobs is Ann Arbor, MI, and it is higher than Canton.
Loan Processing Analyst 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 | $41,143 | $3,429 | $791 | $20 |
| Canton | $41,077 | $3,423 | $790 | $20 |
| Novi | $40,946 | $3,412 | $787 | $20 |
| Detroit | $40,930 | $3,411 | $787 | $20 |
| Warren | $40,930 | $3,411 | $787 | $20 |
| Dearborn | $40,930 | $3,411 | $787 | $20 |
| Dearborn Heights | $40,909 | $3,409 | $787 | $20 |
| Royal Oak | $40,885 | $3,407 | $786 | $20 |
| Westland | $40,872 | $3,406 | $786 | $20 |
| Taylor | $40,864 | $3,405 | $786 | $20 |
What Does a Loan Processing Analyst Do?
It developed the first cloud service for mortgage brokers, combining third-party loan processing with an all-in-one digital platform.
Updated December 09, 2021
Analyze all bank risk and ensure compliance to all bank policies and procedures and collaborate with financial analyst to maintain accuracy in all investor approved loans.
Updated December 20, 2021
It must be understood that the credit analyst, once convinced, will act as the client’s advocate in presenting the application to the bank’s loan committee and also guiding it through the bank’s internal procedures.
Updated December 20, 2021
For example, if they are tasked with determining the response rate of a marketing promotion that offered a skip-a-payment on an auto loan, the analyst must figure not all customers who skipped a payment that month were responders to the campaign.
Updated December 19, 2021
A loan analyst works for a bank, credit union, or similar financial lending institution and evaluates credit applications to decide loan approval.
Updated December 12, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Processing Analyst Salaries
What is the average of a Loan Processing Analyst in Michigan?
The Loan Processing Analyst salary range is from $34,178 to $45,130, and the average Loan Processing Analyst salary is $40,304/year in Michigan.
The Loan Processing Analyst's salary will change in different locations.
Which location pays the highest Loan Processing Analyst salary in the United States?
The Loan Processing Analyst salary in San Jose, CA is $51,620
which is the highest in the US.
What kinds of reasons will influence the Loan Processing Analyst'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 Processing Analyst.
What is the growth rate of the Loan Processing Analyst's salary?
If you are thinking of becoming a Loan Processing Analyst or planning the next step in your career, find the detailed salary report of a Loan Processing Analyst.
