Loan Servicer Salaries in Michigan
How Much Does a Loan Servicer Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Servicer in Michigan is $45,063.
While Salary.com is seeing that Loan Servicer salary in MI can go up to $55,201
or down to $36,030, but most earn between $40,335 and $50,370.
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 Servicer
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Similar Job Salaries to Loan Servicer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
First Farmers Bank & Trust
Loan Servicer
|
$54,529/yr
|
RANGE: $46,298 - $62,760
|
|
First Community Credit Union of Oregon
Loan Servicer
|
$84,473/yr
|
RANGE: $74,808 - $94,137
|
|
Bank of the San Juans
Loan Servicer / Loan Assistant
|
$68,168/yr
|
RANGE: $58,155 - $78,181
|
|
Centennial Lending, LLC
Auto Lease Loan Servicer
|
$61,716/yr
|
RANGE: $52,400 - $71,032
|
|
Arizona Financial Credit Union
Commercial Loan Servicer II
|
$59,812/yr
|
RANGE: $50,505 - $69,119
|
|
Kohler Credit Union
Mortgage Loan Servicer II
|
$70,738/yr
|
RANGE: $59,557 - $81,919
|
|
CNB Financial Corporation
CNB Bank, Loan Servicer
|
$53,309/yr
|
RANGE: $45,262 - $61,356
|
|
American 1 Credit Union
ATM/Card Servicer
|
$54,488/yr
|
RANGE: $45,956 - $63,020
|
|
AMF
League Record Servicer
|
$99,575/yr
|
RANGE: $76,652 - $122,497
|
Top 10 Highest Paying Cities For Loan Servicer 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 Servicer 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 Servicer job salaries in Michigan.
Some cities can pay higher salaries for Loan Servicer jobs, which can indicate that there is a large demand for Loan Servicer positions in this city.
The following table shows top 10 cities where the Loan Servicer salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Loan Servicer salary is $46,001 in Ann Arbor,
which is higher than the national average. There are 6 cities' Loan Servicer salary higher than national average in Michigan.
The average salary for a Loan Servicer in Michigan is $45,063,
but we found that the city with the highest salary for Loan Servicer jobs is Ann Arbor, MI, and it is higher than Canton.
Loan Servicer 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 | $46,001 | $3,833 | $885 | $22 |
| Canton | $45,928 | $3,827 | $883 | $22 |
| Novi | $45,782 | $3,815 | $880 | $22 |
| Detroit | $45,764 | $3,814 | $880 | $22 |
| Warren | $45,764 | $3,814 | $880 | $22 |
| Dearborn | $45,764 | $3,814 | $880 | $22 |
| Dearborn Heights | $45,741 | $3,812 | $880 | $22 |
| Royal Oak | $45,713 | $3,809 | $879 | $22 |
| Westland | $45,699 | $3,808 | $879 | $22 |
| Taylor | $45,690 | $3,808 | $879 | $22 |
What Does a Loan Servicer Do?
Apply to the program by completing the Teacher Loan Forgiveness Application and submitting it to your loan servicer.
Updated November 29, 2021
Federal loan servicers were ordered to report monthly payments as being made to the three credit reporting bureaus, even if you accepted forbearance and chose not to make any payments.
Updated September 27, 2021
If Navient is your current student loan servicer for federal student loans, Maximus will likely become your new federal student loan servicer.
Updated December 17, 2021
To protect borrowers, FSA will reduce the number of new student loan borrowers assigned in the coming quarter to servicers that fail to meet these stronger performance standards.
Updated December 17, 2021
Then you can see your servicer, view loan details, apply for a direct consolidation loan or sign up for an.
Updated December 16, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Servicer Salaries
What is the average of a Loan Servicer in Michigan?
The Loan Servicer salary range is from $40,335 to $50,370, and the average Loan Servicer salary is $45,063/year in Michigan.
The Loan Servicer's salary will change in different locations.
Which location pays the highest Loan Servicer salary in the United States?
The Loan Servicer salary in San Jose, CA is $57,716
which is the highest in the US.
What kinds of reasons will influence the Loan Servicer'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 Servicer.
What is the growth rate of the Loan Servicer's salary?
If you are thinking of becoming a Loan Servicer or planning the next step in your career, find the detailed salary report of a Loan Servicer.
