Loan Officers Jobs Pay in Michigan, MI
Average Hourly Pay
$41.81
30.7%Above national average
Range: $39.82 – $43.80
Average Annual Pay
$86,967
30.7%Above national average
Range: $82,826 – $91,108
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
$35.54/hr
Range: $33.85 – $37.23
Annual Rate
$73,922
Range: $70,402 – $77,442
Mid level
3-5 years
Hourly Rate
$41.81/hr
Range: $39.82 – $43.80
Annual Rate
$86,967
Range: $82,826 – $91,108
Senior level
6+ years
Hourly Rate
$48.08/hr
Range: $45.79 – $50.37
Annual Rate
$100,012
Range: $95,250 – $104,774
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
