Loan Technician Salaries in Michigan
How Much Does a Loan Technician Make in Michigan?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Technician in Michigan is $119,064.
While Salary.com is seeing that Loan Technician salary in MI can go up to $150,547
or down to $81,961, but most earn between $99,643 and $135,543.
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 Technician
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Similar Job Salaries to Loan Technician by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Envoy Mortgage
Loan Originator
|
$57,090/yr
|
RANGE: $51,474 - $62,706
|
|
HOME ADVANTAGE LENDING LLC
Loan Officer
|
$76,694/yr
|
RANGE: $68,919 - $84,469
|
|
Jobot
Loan Officer
|
$78,640/yr
|
RANGE: $71,927 - $85,353
|
|
Newrez LLC
Loan Officer
|
$95,750/yr
|
RANGE: $84,852 - $106,648
|
|
USA Mortgage Plan
Loan Officer
|
$63,044/yr
|
RANGE: $57,102 - $68,987
|
|
Prolific Mortgage
Loan Associate
|
$57,429/yr
|
RANGE: $51,778 - $63,080
|
|
GreenStone Farm Credit Services
Loan Processor
|
$54,344/yr
|
RANGE: $48,873 - $59,814
|
|
Michigan Technological University
Loan Administrator
|
$58,729/yr
|
RANGE: $51,239 - $66,219
|
|
Greenstone
Loan Processor
|
$56,844/yr
|
RANGE: $51,121 - $62,566
|
Top 10 Highest Paying Cities For Loan Technician 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 Technician 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 Technician job salaries in Michigan.
Some cities can pay higher salaries for Loan Technician jobs, which can indicate that there is a large demand for Loan Technician positions in this city.
The following table shows top 10 cities where the Loan Technician salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Loan Technician salary is $121,543 in Ann Arbor,
which is higher than the national average. There are 6 cities' Loan Technician salary higher than national average in Michigan.
The average salary for a Loan Technician in Michigan is $119,064,
but we found that the city with the highest salary for Loan Technician jobs is Ann Arbor, MI, and it is higher than Canton.
Loan Technician 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 | $121,543 | $10,129 | $2,337 | $58 |
| Canton | $121,349 | $10,112 | $2,334 | $58 |
| Novi | $120,962 | $10,080 | $2,326 | $58 |
| Detroit | $120,914 | $10,076 | $2,325 | $58 |
| Warren | $120,914 | $10,076 | $2,325 | $58 |
| Dearborn | $120,914 | $10,076 | $2,325 | $58 |
| Dearborn Heights | $120,853 | $10,071 | $2,324 | $58 |
| Royal Oak | $120,781 | $10,065 | $2,323 | $58 |
| Westland | $120,745 | $10,062 | $2,322 | $58 |
| Taylor | $120,720 | $10,060 | $2,322 | $58 |
What Does a Loan Technician Do?
If you are thinking of becoming a Loan Technician or planning the next step in your career, find details about.
Updated December 06, 2021
Ensure compliance with Standard Operating ProceduresQualificationsBe valued for who you are:To do this well, our Loan Set Technicians need to have exceptional attention to detail and a strong customer service orientation.
Updated November 23, 2021
In just 4 months, you can finish with two certifications (An Electrocardiogram Technician and a surgical Technician) without a loan on your neck.
Updated October 09, 2021
Serves as a trainee assisting higher graded technicians in performing a variety of technical and clerical support functions involving; loans, grants and loan guarantee programs.
Updated October 08, 2021
Our technicians can offer you financial counseling and help you deal with your servicer (or work with you directly in the case of a VA direct loan).
Updated October 07, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Technician Salaries
What is the average of a Loan Technician in Michigan?
The Loan Technician salary range is from $99,643 to $135,543, and the average Loan Technician salary is $119,064/year in Michigan.
The Loan Technician's salary will change in different locations.
Which location pays the highest Loan Technician salary in the United States?
The Loan Technician salary in San Jose, CA is $152,493
which is the highest in the US.
What kinds of reasons will influence the Loan Technician'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 Technician.
What is the growth rate of the Loan Technician's salary?
If you are thinking of becoming a Loan Technician or planning the next step in your career, find the detailed salary report of a Loan Technician.
