Loan Servicing Analyst Salaries in Michigan
How Much Does a Loan Servicing Analyst Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Servicing Analyst in Michigan is $50,559.
While Salary.com is seeing that Loan Servicing Analyst salary in MI can go up to $71,060
or down to $32,484, but most earn between $41,098 and $61,290.
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 Servicing Analyst
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Similar Job Salaries to Loan Servicing Analyst by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
First Bank, Upper Michigan
LOAN SERVICING
|
$55,181/yr
|
RANGE: $49,662 - $60,701
|
|
Range Bank
Loan Servicing Specialist
|
$52,034/yr
|
RANGE: $46,789 - $57,279
|
|
CORNERSTONE COMMUNITY FINANCIAL CREDIT UNION
Loan Servicing Representative
|
$57,050/yr
|
RANGE: $51,429 - $62,671
|
|
FARMER MAC
Analyst - Institutional Loan Servicing
|
$101,362/yr
|
RANGE: $88,971 - $113,754
|
|
Peachtree Group
Loan Servicing Analyst
|
$60,522/yr
|
RANGE: $54,160 - $66,883
|
|
CW
Loan Servicing Analyst
|
$64,769/yr
|
RANGE: $57,995 - $71,544
|
|
CWCapital
Loan Servicing Analyst
|
$64,769/yr
|
RANGE: $57,995 - $71,544
|
|
Paladin Consulting
Mortgage Loan Servicing Analyst
|
$87,983/yr
|
RANGE: $79,289 - $96,677
|
|
C4 Technical Services
Business Analyst - Loan Servicing
|
$100,093/yr
|
RANGE: $92,107 - $108,079
|
|
DriveTime
Data Analyst , Loan Servicing Analytics
|
$96,929/yr
|
RANGE: $88,272 - $105,585
|
Top 10 Highest Paying Cities For Loan Servicing 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 Servicing 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 Servicing Analyst job salaries in Michigan.
Some cities can pay higher salaries for Loan Servicing Analyst jobs, which can indicate that there is a large demand for Loan Servicing Analyst positions in this city.
The following table shows top 10 cities where the Loan Servicing Analyst salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Loan Servicing Analyst salary is $51,611 in Ann Arbor,
which is higher than the national average. There are 6 cities' Loan Servicing Analyst salary higher than national average in Michigan.
The average salary for a Loan Servicing Analyst in Michigan is $50,559,
but we found that the city with the highest salary for Loan Servicing Analyst jobs is Ann Arbor, MI, and it is higher than Canton.
Loan Servicing 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 | $51,611 | $4,301 | $993 | $25 |
| Canton | $51,529 | $4,294 | $991 | $25 |
| Novi | $51,365 | $4,280 | $988 | $25 |
| Detroit | $51,344 | $4,279 | $987 | $25 |
| Warren | $51,344 | $4,279 | $987 | $25 |
| Dearborn | $51,344 | $4,279 | $987 | $25 |
| Dearborn Heights | $51,319 | $4,277 | $987 | $25 |
| Royal Oak | $51,288 | $4,274 | $986 | $25 |
| Westland | $51,272 | $4,273 | $986 | $25 |
| Taylor | $51,262 | $4,272 | $986 | $25 |
What Does a Loan Servicing Analyst Do?
"Navient celebrates launch as new leader in loan servicing and asset recovery, dedicated to helping customers navigate the path to financial success".
Updated October 23, 2021
“If a loan has a high Metascore, a secondary market analyst can be confident a rigorous credit analysis was conducted, that guideline eligibility has been met, that the loan data faithfully reflect the status of the loan, and that loan can be efficiently priced.”.
Updated December 21, 2021
Answers to these questions help the credit analyst to understand the broad risks associated with the proposed loan.
Updated December 19, 2021
As lending continues to ramp up, the need for bullet-proof, reliable loan servicing at all levels must be in place to ensure the best possible portfolio performance.
Updated December 06, 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 01, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Servicing Analyst Salaries
What is the average of a Loan Servicing Analyst in Michigan?
The Loan Servicing Analyst salary range is from $41,098 to $61,290, and the average Loan Servicing Analyst salary is $50,559/year in Michigan.
The Loan Servicing Analyst's salary will change in different locations.
Which location pays the highest Loan Servicing Analyst salary in the United States?
The Loan Servicing Analyst salary in San Jose, CA is $64,754
which is the highest in the US.
What kinds of reasons will influence the Loan Servicing 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 Servicing Analyst.
What is the growth rate of the Loan Servicing Analyst's salary?
If you are thinking of becoming a Loan Servicing Analyst or planning the next step in your career, find the detailed salary report of a Loan Servicing Analyst.
