Loan Officers Jobs Pay in Detroit-Warren-Dearborn, MI
Average Hourly Pay
$44.38
38.7%Above national average
Range: $42.27 – $46.50
Average Annual Pay
$92,318
38.7%Above national average
Range: $87,922 – $96,714
How much do Loan Officers make?
Your level of experience is a key factor in determining your earning potential. Here's what you can expect at different career stages:
Entry Level
0-2 years
Hourly Rate
$37.72/hr
Range: $35.93 – $39.52
Annual Rate
$78,470
Range: $74,734 – $82,207
Mid level
3-5 years
Hourly Rate
$44.38/hr
Range: $42.27 – $46.50
Annual Rate
$92,318
Range: $87,922 – $96,714
Senior level
6+ years
Hourly Rate
$51.04/hr
Range: $48.61 – $53.47
Annual Rate
$106,166
Range: $101,110 – $111,221
Loan Officers job description
Loan Officers professionals provide essential administrative support in office environments. They handle correspondence, maintain records, and coordinate office activities to ensure smooth business operations.
Responsibilities
- •Manage correspondence and communications
- •Maintain accurate records and files
- •Schedule appointments and meetings
- •Process documents and data entry
- •Greet visitors and answer phones
- •Support other staff members
Skills
- •Computer proficiency (Microsoft Office)
- •Organizational skills
- •Communication skills
- •Attention to detail
- •Time management
- •Customer service
Qualifications
- •High school diploma required
- •Associate degree preferred
- •Previous office experience
- •Typing speed 40+ WPM
