Reo Specialist Salaries in Michigan
How Much Does a Reo Specialist Make in Michigan?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Reo Specialist in Michigan is $65,652.
While Salary.com is seeing that Reo Specialist salary in MI can go up to $84,199
or down to $44,356, but most earn between $54,505 and $75,360.
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 Reo Specialist
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Similar Job Salaries to Reo Specialist by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Webster Bank
Specialist, REO
|
$75,408/yr
|
RANGE: $66,396 - $84,421
|
|
ISN Corporation
Real Estate Owned Specialist/Asset Manager (REO) - Oklahoma City
|
$136,715/yr
|
RANGE: $107,040 - $166,391
|
|
Dovenmuehle
Manager -Claims/ REO
|
$152,002/yr
|
RANGE: $126,222 - $177,783
|
|
Fay Financial
REO Expense Manager
|
$131,561/yr
|
RANGE: $108,894 - $154,228
|
|
Fay Group
REO Expense Manager
|
$88,033/yr
|
RANGE: $75,406 - $100,659
|
|
Rialto Capital
Vice President - REO
|
$288,098/yr
|
RANGE: $212,224 - $363,972
|
|
SummitHR
Title Processor for REO
|
$68,040/yr
|
RANGE: $58,085 - $77,995
|
|
Veritas Partners
REO Asset Manager
|
$127,788/yr
|
RANGE: $105,209 - $150,367
|
|
Invigorate Finance
Staff Acct-Orgnatns & REO
|
$75,187/yr
|
RANGE: $67,269 - $83,105
|
|
REO Capital, LLC
Advisory Board - REO Capital
|
$153,624/yr
|
RANGE: $115,058 - $192,191
|
Top 10 Highest Paying Cities For Reo Specialist Jobs in Michigan
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Reo Specialist can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Reo Specialist job salaries in Michigan.
Some cities can pay higher salaries for Reo Specialist jobs, which can indicate that there is a large demand for Reo Specialist positions in this city.
The following table shows top 10 cities where the Reo Specialist salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Reo Specialist salary is $68,246 in Ann Arbor,
which is higher than the national average. There are 18 cities' Reo Specialist salary higher than national average in Michigan.
The average salary for a Reo Specialist in Michigan is $65,652,
but we found that the city with the highest salary for Reo Specialist jobs is Ann Arbor, MI, and it is higher than Canton.
Reo Specialist 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 | $68,246 | $5,687 | $1,312 | $33 |
| Canton | $68,113 | $5,676 | $1,310 | $33 |
| Novi | $67,914 | $5,659 | $1,306 | $33 |
| Westland | $67,382 | $5,615 | $1,296 | $32 |
| West Bloomfield | $67,116 | $5,593 | $1,291 | $32 |
| Detroit | $67,049 | $5,587 | $1,289 | $32 |
| Warren | $67,049 | $5,587 | $1,289 | $32 |
| Dearborn | $67,049 | $5,587 | $1,289 | $32 |
| Waterford | $67,049 | $5,587 | $1,289 | $32 |
| Dearborn Heights | $66,982 | $5,582 | $1,288 | $32 |
What Does a Reo Specialist Do?
A good REO specialist will know how to keep the ball rolling with the bank and get the sale closed as soon as possible.
Updated December 16, 2021
Real estate agents negotiate the commission they will receive for selling REO properties with the REO specialist.
Updated December 07, 2021
The homebuyer should check the REO specialist’s credentials, because there are many specialists who claim the title but lack experience.
Updated December 02, 2021
A bank's REO specialist manages its REO properties by marketing the properties, reviewing any offers, preparing regular reports on the status of properties in the bank's portfolio, and tracking down.
Updated November 28, 2021
The REO specialist undertakes these job functions to help the bank liquidate its properties quickly and efficiently.
Updated November 17, 2021
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Explore JobArchitectFrequently Asked Questions About a Reo Specialist Salaries
What is the average of a Reo Specialist in Michigan?
The Reo Specialist salary range is from $54,505 to $75,360, and the average Reo Specialist salary is $65,652/year in Michigan.
The Reo Specialist's salary will change in different locations.
Which location pays the highest Reo Specialist salary in the United States?
The Reo Specialist salary in San Jose, CA is $83,479
which is the highest in the US.
What kinds of reasons will influence the Reo Specialist'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 Reo Specialist.
What is the growth rate of the Reo Specialist's salary?
If you are thinking of becoming a Reo Specialist or planning the next step in your career, find the detailed salary report of a Reo Specialist.
