Salary: Mortgage Loan Officer in Detroit, MI | Glassdoor

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Mortgage Loan Officer Salaries in Detroit, MI

About This Data
36 SalariesUpdated Oct 2, 2017
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. Salary estimates are based on 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
    $22,700/yr
    Range: $20K - $27K
    12 salaries
    $22,700
    $20K$27K
    Bank of America
    $12,769/yr
    Range: $1 - $25K
    2 salaries
    About
    $1 - $25K
    $1$25K
    Bank of America
    $1,504/mo
    Range: $1K - $2K
    2 salaries
    About
    $1K - $2K
    $1K$2K
    J.P. Morgan
    $4,972/mo
    Range: $2K - $7K
    2 salaries
    About
    $2K - $7K
    $2K$7K
    Flagstar Bank
    $25,335/yr
    Range: $25K - $26K
    2 salaries
    About
    $25K - $26K
    $25K$26K
    Wells Fargo
    $25,043/yr
    Range: $24K - $26K
    1 employee salary or estimate
    About
    $24K - $26K
    $24K$26K
    J.P. Morgan
    $68,779/yr
    Range: $66K - $72K
    1 employee salary or estimate
    About
    $66K - $72K
    $66K$72K

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    Morgan Stanley
    $51,989/yr
    Range: $50K - $54K
    1 employee salary or estimate
    About
    $50K - $54K
    $50K$54K
    PNC Financial Services Group
    $23,939/yr
    Range: $23K - $25K
    1 employee salary or estimate
    About
    $23K - $25K
    $23K$25K
    Chase
    $74,863/yr
    Range: $73K - $78K
    1 employee salary or estimate
    About
    $73K - $78K
    $73K$78K
    Quicken Loans
    $2,078/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
    $24,123/yr
    Range: $23K - $25K
    1 employee salary or estimate
    About
    $23K - $25K
    $23K$25K
    FirstMerit
    $3,020/yr
    Range: $3K - $3K
    1 employee salary or estimate
    About
    $3K - $3K
    $3K$3K
    Talmer Bank and Trust
    $45,059/yr
    Range: $44K - $47K
    1 employee salary or estimate
    About
    $44K - $47K
    $44K$47K
    Citizens Republic Bancorp
    $4,330/mo
    Range: $4K - $5K
    1 employee salary or estimate
    About
    $4K - $5K
    $4K$5K
    One Reverse Mortgage
    $41,066/yr
    Range: $40K - $43K
    1 employee salary or estimate
    About
    $40K - $43K
    $40K$43K
    Peoples Bank & Trust
    $16,912/yr
    Range: $16K - $18K
    1 employee salary or estimate
    About
    $16K - $18K
    $16K$18K
    Homesite Mortgage
    $24,005/yr
    Range: $23K - $25K
    1 employee salary or estimate
    About
    $23K - $25K
    $23K$25K
    Cranbrook Loans
    $24,138/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.

    $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
    $10
    monthly
    A MOrtgage Loan Originator reported making $10 per month
    Additional Pay
    $288k commissions
    Job Highlights
    Full-time
    10000+ employees
     
    Company - Private
    $60,000
    per year
    A Loan Officer reported making $60,000 per year
    Job Highlights
    3-4 years experience
    Full-time
     
    501 to 1000 employees
    Company - Private
    $60,000
    per year
    A MOrtgage Loan Originator reported making $60,000 per year
    Additional Pay
    $9k cash bonus
    Job Highlights
    10+ years experience
    Full-time
     
    10000+ employees
    Company - Public
    $52,000
    per year
    A Mortgage Loan Officer reported making $52,000 per year
    Additional Pay
    $3 cash bonus
    $12 commissions
    Job Highlights
    3-4 years experience
    Full-time
     
    10000+ employees
    Company - Public
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