Mortgage Associate Salary in Detroit, Michigan

How much does a Mortgage Associate make in Detroit, MI?

As of May 01, 2025, the average annual salary for a Mortgage Associate in Detroit, MI is $52,301. According to Salary.com, salaries can range from a low of $39,931 to a high of $67,058, with most professionals earning between $45,826 and $60,025.

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Salary range for a Mortgage Associate

$45,826 to $60,025

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Mortgage Associate

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Job Openings for Mortgage Associate in Detroit, MI

What does a Mortgage Associate do?

Common responsibilities of a Mortgage Associate

Assumes responsibility for establishing and maintaining effective business relations with members, appraisers, investors, and mortgage industry professionals.

August 08, 2022

Demonstrate a commitment to professional ethics, as well as conform to all federal and state compliance policies and adhering to Home Mortgage Disclosure Act (HMDA) requirements.

January 05, 2023

Completes due diligence analysis including review of leases, rent rolls, third party reports, estoppels, and other business-related matters.

January 29, 2023

Reviews appraisals, titles, and purchase and sales contracts as received, submits them to underwriting as necessary, makes all required calls, system updates and orders any addendums required for the review.

February 05, 2023

Assist Mortgage Advisors in submitting clear, complete and timely applications to the Mortgage Operations team for initial disclosures and processing.

February 11, 2023

Develop Excel financial models in support of transaction execution, rating agency interactions and investor dialogue.

March 17, 2023

Prepares draft investment committee write ups working collaboratively with commercial mortgage team, mortgage banking representatives, analysts and other relevant resources, such as appraisers or other sources of commercial real estate data.

April 03, 2023

Performs periodic [no less than annual] audit with all third-party providers of flood insurance and compare against bank's portfolio of loans.

April 07, 2023

Monitors new loan and closed loan reports for proper reporting to the private mortgage insurance companies.

April 21, 2023

Provide end-to-end comprehensive lending guidance and solutions to prospective borrowers by uncovering their life priorities, analyzing financial and credit data, and determining client financing objectives.

May 05, 2023

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Mortgage Associate Salary By Experience Levels in Detroit, MI

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Mortgage Associate Salary By Level of Education in Detroit, MI

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LEVEL OF EDUCATION

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Average Salary Range for Mortgage Associate in Detroit, MI

Average Base Salary

Core compensation

45826

60025

52301

Average Total Cash Compensation

Includes base and annual incentives

47416

66984

54599

What is the average salary for Mortgage Associate in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Associate in Detroit, MI. The base salary for Mortgage Associate ranges from $45,826 to $60,025 with the average base salary of $52,301. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $47,416 to $66,984 with the average total cash compensation of $54,599.

View Average Salary for Mortgage Associate as table

	Average Salary	Average Salary Range
Base Salary	$52,301	$45,826 - $60,025
Bonus	$2,298	$1,590 - $6,959
Total Pay	$54,599	$47,416 - $66,984

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Mortgage Associate Salary Near Detroit, MI

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Detroit, MI
CITY, STATE Dearborn, MI	AVERAGE SALARY RANGE $45,826 - $60,025	COMPARE TO Detroit, MI 0%
CITY, STATE Dearborn Heights, MI	AVERAGE SALARY RANGE $45,803 - $59,995	COMPARE TO Detroit, MI
CITY, STATE Livonia, MI	AVERAGE SALARY RANGE $45,679 - $59,833	COMPARE TO Detroit, MI
CITY, STATE Taylor, MI	AVERAGE SALARY RANGE $45,753 - $59,929	COMPARE TO Detroit, MI
CITY, STATE Westland, MI	AVERAGE SALARY RANGE $45,762 - $59,941	COMPARE TO Detroit, MI
CITY, STATE Southfield, MI	AVERAGE SALARY RANGE $45,730 - $59,899	COMPARE TO Detroit, MI

See salaries for Mortgage Associate in locations close to Detroit, MI. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Detroit, Michigan

Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, the largest United States city on the United States–Canada border, and the seat of Wayne County. The municipality of Detroit had a 2017 estimated population of 673,104, making it the 23rd-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area. Regarded as a major cultural center, Detroit is known for its co...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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