Salary: Mortgage Loan Officer in Detroit, MI | Glassdoor

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Mortgage Loan Officer Salaries in Detroit, MI Area

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44 SalariesUpdated Oct 29, 2018
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Average Base Pay
$35,032/yr
4% above national average
Not enough reports to show salary distribution
$23K
Low
$35K
Average
$73K
High

Additional Cash Compensation

AverageNo Reports
RangeNo Reports
How much does a Mortgage Loan Officer make in Detroit, MI?

The average salary for a Mortgage Loan Officer is $35,032 in Detroit, MI. Salaries estimates are based on 44 salaries submitted anonymously to Glassdoor by Mortgage Loan Officer employees in Detroit, MI.

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Salaries by Company

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    Average Base Salaries in (USD)
    Company
    Average Base Salaries in (USD)
    Low
    High
    Quicken Loans
    $23,000/yr
    Range: $20K - $44K
    17 salaries
    $23,000/yr
    $20K$44K
    Bank of America
    $1,500/mo
    Range: $1K - $2K
    2 salaries
    About
    $1K - $2K
    $1K$2K
    Bank of America
    $12,193/yr
    Range: $1 - $25K
    2 salaries
    About
    $1 - $25K
    $1$25K
    Wells Fargo
    $24,500/yr
    Range: $23K - $26K
    2 salaries
    About
    $23K - $26K
    $23K$26K
    J.P. Morgan
    $4,879/mo
    Range: $2K - $7K
    2 salaries
    About
    $2K - $7K
    $2K$7K
    PNC Financial Services Group
    $24,500/yr
    Range: $23K - $26K
    2 salaries
    About
    $23K - $26K
    $23K$26K
    Flagstar Bank
    $25,270/yr
    Range: $24K - $26K
    2 salaries
    About
    $24K - $26K
    $24K$26K

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    J.P. Morgan
    $68,438/yr
    Range: $66K - $71K
    1 employee salary or estimate
    About
    $66K - $71K
    $66K$71K
    Morgan Stanley
    $52,000/yr
    Range: $50K - $54K
    1 employee salary or estimate
    About
    $50K - $54K
    $50K$54K
    Chase
    $75,000/yr
    Range: $72K - $78K
    1 employee salary or estimate
    About
    $72K - $78K
    $72K$78K
    KeyBank
    $31,200/yr
    Range: $30K - $33K
    1 employee salary or estimate
    About
    $30K - $33K
    $30K$33K
    Quicken Loans
    $2,062/mo
    Range: $2K - $2K
    1 employee salary or estimate
    About
    $2K - $2K
    $2K$2K
    Flagstar Bank
    $7/hr
    Range: $7 - $8
    1 employee salary or estimate
    About
    $7 - $8
    hourly
    $7$8
    New American Funding
    $24,000/yr
    Range: $23K - $25K
    1 employee salary or estimate
    About
    $23K - $25K
    $23K$25K
    FirstMerit
    $3,000/yr
    Range: $3K - $3K
    1 employee salary or estimate
    About
    $3K - $3K
    $3K$3K
    Talmer Bank and Trust
    $45,000/yr
    Range: $43K - $47K
    1 employee salary or estimate
    About
    $43K - $47K
    $43K$47K
    Citicapital Commercial Corp
    $40,000/yr
    Range: $38K - $41K
    1 employee salary or estimate
    About
    $38K - $41K
    $38K$41K
    Citizens Republic Bancorp
    $4,346/mo
    Range: $4K - $5K
    1 employee salary or estimate
    About
    $4K - $5K
    $4K$5K
    One Reverse Mortgage
    $41,290/yr
    Range: $39K - $43K
    1 employee salary or estimate
    About
    $39K - $43K
    $39K$43K
    Peoples Bank & Trust
    $16,800/yr
    Range: $16K - $18K
    1 employee salary or estimate
    About
    $16K - $18K
    $16K$18K

    Recent Salary Reports

    Below are the most recent Mortgage Loan Officer salary reports. Employer name has been removed to protect anonymity.

    $32,500
    per year
    A Licensed Lending Officer reported making $32,500 per year
    Additional Pay
    $5k cash bonus
    $75k commissions
    Job Highlights
    3-4 years experience
    Full-time
     
    5001 to 10000 employees
    Company - Private
    $21,800
    per year
    A Mortgage Loan Officer reported making $21,800 per year
    Additional Pay
    $25k commissions
    Job Highlights
    1-2 years experience
    Full-time
     
    10000+ employees
    Company - Private
    $26,000
    per year
    A Mortgage Loan Officer reported making $26,000 per year
    Job Highlights
    1-2 years experience
    Full-time
     
    10000+ employees
    Company - Private
    $25,000
    per year
    A Mortgage Loan Officer reported making $25,000 per year
    Additional Pay
    $691k cash bonus
    Job Highlights
    1-2 years experience
    Full-time
     
    10000+ employees
    Company - Private
    $40,000
    per year
    A Mortgage Loan Officer reported making $40,000 per year
    Job Highlights
    1-2 years experience
    Full-time
     
    1001 to 5000 employees
    Company - Private
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