Senior Loan Originator Salary in Detroit, MI

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How much does a Senior Loan Originator make in Detroit, MI? The average Senior Loan Originator salary in Detroit, MI is $94,564 as of April 24, 2024, but the salary range typically falls between $79,323 and $111,479. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Salary range for a Senior Loan Originator

$79,323 to $111,479

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Senior Loan Originator

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Job Openings for Senior Loan Originator in Detroit, MI

Senior Loan Processor

Roberts Resorts - Del Valle , TX

The Senior Loan Processor oversees the origination and assembly of loan packages for manufactured homes and park model products. They manage loan processing from application to closing/funding ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 13 days ago

Sr. Loan Processor

Summit Lending - Huntington Beach , CA

Facilitate a timely loan closing by serving as the main point of contact for title companies, real estate agents, mortgage loan officer/ mortgage loan originator, borrowers, and mortgage underwriters

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 6 days ago

Senior Director, Commercial Mortgage Originations

Shine Associates, LLC - San Francisco , CA

SENIOR DIRECTOR - COMMERCIAL MORTGAGE ORIGINATIONS POSITION SPECIFICATION Shine Associates, LLC has ... loan closing processes. The originator will also be involved with the monitoring and management of ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 20 days ago

Sr. Loan Officer (Refi)

New American Funding - Baltimore County , MD

Qualifications * 2+ years' full time refinance loan origination experience; call center environment preferred. * Strong desire to succeed in a sales environment and be a top producer. * Ability to ...

LinkedIn - 15 days ago

Senior Loan Officer

Harrison Gray Search & Consulting - Decatur , IL

Harrison Gray Search has partnered with a local credit union to find their next Senior Loan Officer ... Evaluate financial position, originate and underwrite consumer loans including vehicle, credit card ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 41 days ago

Senior Loan Officer

GoodLeap - Dallas , TX

GoodLeap is looking for talented Loan Officers to originate home loans through our in-house, mortgage banking operation. We hire loan officers that want to offer a world-class experience to our ...

LinkedIn - 15 days ago

What does a Senior Loan Originator do?

Common responsibilities of a Senior Loan Originator

Maintains an open line of oral and written communication with processor, underwriter, closer and other parties to the transaction.

December 22, 2022

Completes mortgage applications for submission to the loan processing and underwriting departments.

December 27, 2022

Communicates with borrower and obtain any necessary post-closing documentation.

March 02, 2023

Participates in sales and file review meetings as directed by VP Home Loans and Operations Staff.

March 06, 2023

Assists Processors by helping compile conditions of loan approvals to submit to underwriting for final approval.

April 01, 2023

Demonstrate a high level of knowledge of Bank Secrecy Act and OFAC related responsibilities in the performance of daily operations to ensure adherence to bank policies and compliance with all regulatory requirements.

April 17, 2023

Delivers superior customer service results at all stages of the loan process.

May 16, 2023

Adhere to all Envoy standards, including, but not limited to production minimums and customer service.

May 17, 2023

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Senior Loan Originator 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.

Senior Loan Originator Salary By Level of Education in Detroit, MI

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LEVEL OF EDUCATION

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Average Salary Range for Senior Loan Originator in Detroit, MI

Average Base Salary

Core compensation

79323

111479

94564

Average Total Cash Compensation

Includes base and annual incentives

85665

126552

103560

What is the average salary for Senior Loan Originator in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Senior Loan Originator in Detroit, MI. The base salary for Senior Loan Originator ranges from $79,323 to $111,479 with the average base salary of $94,564. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $85,665 to $126,552 with the average total cash compensation of $103,560.

View Average Salary for Senior Loan Originator as table

	Average Salary	Average Salary Range
Base Salary	$94,564	$79,323 - $111,479
Bonus	$8,997	$6,342 - $15,073
Total Pay	$103,560	$85,665 - $126,552

* 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.

Senior Loan Originator Salary Near Detroit, MI

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Detroit, MI
CITY, STATE Dearborn, MI	AVERAGE SALARY RANGE $79,567 - $111,822	COMPARE TO Detroit, MI
CITY, STATE Dearborn Heights, MI	AVERAGE SALARY RANGE $79,525 - $111,762	COMPARE TO Detroit, MI
CITY, STATE Livonia, MI	AVERAGE SALARY RANGE $79,315 - $111,468	COMPARE TO Detroit, MI
CITY, STATE Taylor, MI	AVERAGE SALARY RANGE $79,441 - $111,645	COMPARE TO Detroit, MI
CITY, STATE Westland, MI	AVERAGE SALARY RANGE $80,071 - $112,530	COMPARE TO Detroit, MI
CITY, STATE Southfield, MI	AVERAGE SALARY RANGE $79,399 - $111,586	COMPARE TO Detroit, MI

See salaries for Senior Loan Originator 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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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Senior Mortgage Loan Originator	LOCATION Detroit, MI	MINIMUM SALARY $41,833	MAXIMUM SALARY $57,528
JOB TITLE Loan Originator	LOCATION Detroit, MI	MINIMUM SALARY $40,778	MAXIMUM SALARY $50,841
JOB TITLE Loan Originator Assistant	LOCATION Detroit, MI	MINIMUM SALARY $42,083	MAXIMUM SALARY $53,055
JOB TITLE Mortgage Loan Originator	LOCATION Detroit, MI	MINIMUM SALARY $42,825	MAXIMUM SALARY $58,747
JOB TITLE Commercial Loan Originator	LOCATION Detroit, MI	MINIMUM SALARY $40,260	MAXIMUM SALARY $56,448
JOB TITLE Residential Mortgage Loan Originator	LOCATION Detroit, MI	MINIMUM SALARY $57,808	MAXIMUM SALARY $78,794

The Senior Loan Originator job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Detroit, MI that might be a good fit for the type of job and salary you are looking for.

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79323

111479

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, th....More

Detroit, Michigan area prices were up 1.2% from a year ago

Senior Loan Originator Salary in popular cities: Grand Rapids, Warren, Sterling Heights

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role