Salary: Mortgage Loan Officer in Detroit, MI | Glassdoor
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Mortgage Loan Officer Salaries in Detroit, MI Area

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39 SalariesUpdated Jun 20, 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 39 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
    $24,100/yr
    Range: $20K - $44K
    14 salaries
    $24,100
    $20K$44K
    Bank of America
    $12,662/yr
    Range: $1 - $25K
    2 salaries
    About
    $1 - $25K
    $1$25K
    Bank of America
    $1,511/mo
    Range: $1K - $2K
    2 salaries
    About
    $1K - $2K
    $1K$2K
    J.P. Morgan
    $4,950/mo
    Range: $2K - $7K
    2 salaries
    About
    $2K - $7K
    $2K$7K
    PNC Financial Services Group
    $24,446/yr
    Range: $23K - $26K
    2 salaries
    About
    $23K - $26K
    $23K$26K
    Flagstar Bank
    $25,048/yr
    Range: $24K - $26K
    2 salaries
    About
    $24K - $26K
    $24K$26K
    Wells Fargo
    $25,200/yr
    Range: $24K - $26K
    1 employee salary or estimate
    About
    $24K - $26K
    $24K$26K

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    J.P. Morgan
    $68,841/yr
    Range: $66K - $72K
    1 employee salary or estimate
    About
    $66K - $72K
    $66K$72K
    Morgan Stanley
    $52,011/yr
    Range: $50K - $54K
    1 employee salary or estimate
    About
    $50K - $54K
    $50K$54K
    Chase
    $75,590/yr
    Range: $72K - $78K
    1 employee salary or estimate
    About
    $72K - $78K
    $72K$78K
    KeyBank
    $31,194/yr
    Range: $30K - $33K
    1 employee salary or estimate
    About
    $30K - $33K
    $30K$33K
    Quicken Loans
    $2,057/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
    $24,087/yr
    Range: $23K - $25K
    1 employee salary or estimate
    About
    $23K - $25K
    $23K$25K
    FirstMerit
    $2,995/yr
    Range: $3K - $3K
    1 employee salary or estimate
    About
    $3K - $3K
    $3K$3K
    Talmer Bank and Trust
    $45,214/yr
    Range: $43K - $47K
    1 employee salary or estimate
    About
    $43K - $47K
    $43K$47K
    Citizens Republic Bancorp
    $4,324/mo
    Range: $4K - $5K
    1 employee salary or estimate
    About
    $4K - $5K
    $4K$5K
    One Reverse Mortgage
    $41,063/yr
    Range: $39K - $43K
    1 employee salary or estimate
    About
    $39K - $43K
    $39K$43K
    Peoples Bank & Trust
    $16,821/yr
    Range: $16K - $18K
    1 employee salary or estimate
    About
    $16K - $18K
    $16K$18K
    Homesite Mortgage
    $23,894/yr
    Range: $23K - $25K
    1 employee salary or estimate
    About
    $23K - $25K
    $23K$25K

    Recent Salary Reports

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

    $31,200
    per year
    A Mortgage Loan Officer reported making $31,200 per year
    Additional Pay
    $30k commissions
    Job Highlights
    10+ years experience
    Full-time
     
    10000+ employees
    Company - Public
    $44,000
    per year
    A Mortgage Loan Officer reported making $44,000 per year
    Additional Pay
    $38k commissions
    Job Highlights
    Full-time
    10000+ employees
     
    Company - Private
    $21,000
    per year
    A Mortgage Loan Officer reported making $21,000 per year
    Additional Pay
    $87k commissions
    Job Highlights
    3-4 years experience
    Full-time
     
    10000+ employees
    Company - Private
    $24,384
    per year
    A Licensed Loan Officer reported making $24,384 per year
    Additional Pay
    $58k commissions
    Job Highlights
    5-7 years experience
    Full-time
     
    5001 to 10000 employees
    Company - Private
    $42,500
    per year
    An Escrow Officer reported making $42,500 per year
    Job Highlights
    3-4 years experience
    Full-time
     
    201 to 500 employees
    Subsidiary or Business Segment
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