Mortgage Loan Funder Salaries in Michigan
How Much Does a Mortgage Loan Funder Make in Michigan?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Mortgage Loan Funder in Michigan is $41,575.
While Salary.com is seeing that Mortgage Loan Funder salary in MI can go up to $52,238
or down to $29,532, but most earn between $35,271 and $47,156.
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 Mortgage Loan Funder
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Similar Job Salaries to Mortgage Loan Funder by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Momentum Loans
Mortgage Loan Closer/Funder
|
$65,586/yr
|
RANGE: $57,985 - $73,187
|
|
Michigan Schools and Government Credit Union
Mortgage Consultant (Mortgage Loan Officer)
|
$70,247/yr
|
RANGE: $59,187 - $81,307
|
|
Members First Credit Union
Mortgage Loan Officer I
|
$87,869/yr
|
RANGE: $69,146 - $106,591
|
|
Citizens
Mortgage Loan Officer
|
$98,072/yr
|
RANGE: $78,173 - $117,971
|
|
Titan Lending Group
Mortgage Loan Officer
|
$98,267/yr
|
RANGE: $78,329 - $118,206
|
|
Nations Mortgage LLC
Mortgage Loan Officer
|
$98,072/yr
|
RANGE: $78,173 - $117,971
|
|
McGuire Home lending
Mortgage Loan Officer
|
$145,330/yr
|
RANGE: $106,497 - $184,162
|
|
Fifth Third Bank, National Association
Mortgage Loan Originator
|
$93,321/yr
|
RANGE: $73,724 - $112,917
|
|
Michigan First Credit Union
Mortgage Loan Closer
|
$65,141/yr
|
RANGE: $57,630 - $72,652
|
Top 10 Highest Paying Cities For Mortgage Loan Funder Jobs in Michigan
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Mortgage Loan Funder can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Mortgage Loan Funder job salaries in Michigan.
Some cities can pay higher salaries for Mortgage Loan Funder jobs, which can indicate that there is a large demand for Mortgage Loan Funder positions in this city.
The following table shows top 10 cities where the Mortgage Loan Funder salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Mortgage Loan Funder salary is $43,218 in Ann Arbor,
which is higher than the national average. There are 18 cities' Mortgage Loan Funder salary higher than national average in Michigan.
The average salary for a Mortgage Loan Funder in Michigan is $41,575,
but we found that the city with the highest salary for Mortgage Loan Funder jobs is Ann Arbor, MI, and it is higher than Canton.
Mortgage Loan Funder 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 | $43,218 | $3,601 | $831 | $21 |
| Canton | $43,134 | $3,594 | $829 | $21 |
| Novi | $43,007 | $3,584 | $827 | $21 |
| Westland | $42,670 | $3,556 | $821 | $21 |
| West Bloomfield | $42,502 | $3,542 | $817 | $20 |
| Detroit | $42,460 | $3,538 | $817 | $20 |
| Warren | $42,460 | $3,538 | $817 | $20 |
| Dearborn | $42,460 | $3,538 | $817 | $20 |
| Waterford | $42,460 | $3,538 | $817 | $20 |
| Dearborn Heights | $42,418 | $3,535 | $816 | $20 |
What Does a Mortgage Loan Funder Do?
Mortgage lenders directly or indirectly originate and close mortgage loans with their own funds in the primary market for consideration.
Updated December 22, 2021
“Average prime offer rate” means an annual percentage rate that is derived from average interest rates and other loan pricing terms currently offered to consumers by a set of creditors for mortgage loans that have low-risk pricing characteristics.
Updated December 18, 2021
For a purchased closed-end mortgage loan or an assumption of a closed-end mortgage loan, the unpaid principal balance at the time of purchase or assumption.
Updated December 10, 2021
The Mortgage Loan Funder reports to the Mortgage Loan Closing Manager and is responsible for reviewing and verifying that all of the required aspects of the loan process have been met prior to wiring funds.
Updated December 09, 2021
For a closed-end mortgage loan, other than a purchased loan, an assumption, or a reverse mortgage, a financial institution reports the amount to be repaid as disclosed on the legal obligation.
Updated December 04, 2021
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Explore JobArchitectFrequently Asked Questions About a Mortgage Loan Funder Salaries
What is the average of a Mortgage Loan Funder in Michigan?
The Mortgage Loan Funder salary range is from $35,271 to $47,156, and the average Mortgage Loan Funder salary is $41,575/year in Michigan.
The Mortgage Loan Funder's salary will change in different locations.
Which location pays the highest Mortgage Loan Funder salary in the United States?
The Mortgage Loan Funder salary in San Jose, CA is $52,864
which is the highest in the US.
What kinds of reasons will influence the Mortgage Loan Funder'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 Mortgage Loan Funder.
What is the growth rate of the Mortgage Loan Funder's salary?
If you are thinking of becoming a Mortgage Loan Funder or planning the next step in your career, find the detailed salary report of a Mortgage Loan Funder.
