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Loan Associate Jobs in Michigan (NOW HIRING)

SNB Technologies

Loan Servicing Associate

Hancock, MI · On-site

Tags Loan, Loan Servicing, Collateral EOE Statement Superior National Bank is an equal opportunity ... Bachelor's or associate degree in business, finance, accounting or related field preferred, or an ...

Oxford Bank

Loan Closer

Flint, MI

Associate's degree desired or equivalent work experience. * Minimum of 1-3 years of loan closing, loan processing, loan documentation, or related financial institution experience preferred.

Oxford Bank

Loan Closer

Flint, MI · On-site

Education and Experience • Associate's degree desired or equivalent work experience. • Minimum of 1-3 years of loan closing, loan processing, loan documentation, or related financial institution ...

ELGA Credit Union

Loan Service Advisor

Grand Blanc, MI · On-site

$16.25 - $20.50/hr

Essential Functions & Responsibilities: 55% - Assists members and associates with loan servicing. • Handles phone transfers from Contact Center for loan servicing requests. • Supports branches ...

ELGA Credit Union

Loan Service Advisor

Grand Blanc, MI · On-site

$16.25 - $20.50/hr

Responsibilities: 55% - Assists members and associates with loan servicing. •  Handles phone transfers from Contact Center for loan servicing requests. •  Supports branches through Virtual by ...

Oxford Bank

Loan Servicing Specialist

Flint, MI · On-site

Education and Experience • An associate degree is desired or equivalent work experience in ... Loan Operations Manager • Travel: No Classification: Non-exempt • Employment Type: Full-time ...

Oxford Bank

Loan Servicing Specialist

Flint, MI

An associate degree is desired or equivalent work experience in financial institution. * At least 1 year of customer service experience is required. * Minimum of 1-3 years of loan servicing, loan ...

orsa credit union

consumer loan servicer

Plymouth, MI · On-site

Role Purpose The consumer loan servicer serves as a critical operational backbone for orsa credit ... Associates degree or relevant coursework in Finance, Business Administration, or related field.

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Loan Associate information

See Michigan salary details

$9

$17

$26

How much do loan associate jobs pay per hour?

As of Aug 11, 2026, the average hourly pay for loan associate in Michigan is $17.72, according to ZipRecruiter salary data. Most workers in this role earn between $12.55 and $21.39 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a loan associate?

To thrive as a Loan Associate, you need a solid understanding of financial principles, loan processing procedures, and regulatory compliance, often supported by a degree in finance or a related field. Familiarity with loan origination software, credit analysis tools, and document management systems is commonly required. Strong attention to detail, customer service orientation, and effective communication skills help Loan Associates excel in client interactions and team environments. These skills and qualities are vital for ensuring accurate loan processing, regulatory adherence, and positive client experiences.

How much does a loan associate make?

A loan associate typically earns a median annual salary of around $40,000 to $50,000, depending on experience, location, and the employer. Entry-level positions may start lower, while experienced loan associates or those in high-cost areas can earn higher wages, often supplemented with bonuses or commissions. Skills in customer service, financial analysis, and familiarity with loan processing software are valuable in this role.

What does a loan associate do?

A Loan Associate assists clients with the loan application process, reviews financial documents, and helps determine eligibility for various loan products. They work closely with loan officers and underwriters to ensure all required documentation is complete and accurate. Additionally, Loan Associates may answer customer questions, verify information, and process paperwork to support timely loan approvals and disbursements.

What are some common challenges faced by loan associates during the loan processing cycle?

Loan Associates often encounter challenges related to balancing multiple loan applications simultaneously while ensuring compliance with regulatory requirements. They must carefully verify documentation, communicate effectively with applicants, and coordinate with underwriters and loan officers to keep the process on track. Staying organized and adaptable is key, as changes in applicant circumstances or evolving lending guidelines can require prompt adjustments. Successfully managing these tasks helps ensure timely loan approvals and a positive borrower experience.

What is the difference between Loan Associate vs Mortgage Processor?

AspectLoan AssociateMortgage Processor
CredentialsHigh school diploma or equivalent; some roles may prefer relevant certificationsHigh school diploma; some roles may require mortgage-specific certifications
Work EnvironmentBank branches, credit unions, or financial institutionsMortgage companies, banks, or lending institutions
Job ResponsibilitiesAssisting clients, gathering documents, processing loan applicationsReviewing documents, verifying information, preparing files for approval
Industry UsageCommonly employed in retail banking and lendingPrimarily in mortgage lending and real estate finance

While both roles support the loan process, a Loan Associate typically handles client interactions and initial documentation, whereas a Mortgage Processor focuses on verifying and preparing mortgage files for approval. Understanding these differences can help job seekers identify the right position in the lending industry.

What are the most commonly searched types of Loan jobs in Michigan? The most popular types of Loan jobs in Michigan are:
What cities in Michigan are hiring for Loan Associate jobs? Cities in Michigan with the most Loan Associate job openings:
Loan Associate jobs near you
Infographic showing various Loan Associate job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 70% Full Time, 25% Part Time, 2% Temporary, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $36,857 per year, or $17.7 per hour.

Loan Servicing Associate

Superior National Bank

Hancock, MI

Full-time

Re-posted 15 days ago

Job description

Department: Loan Operations

Reports To: Loan Servicing Coordinator

Supervises: None

Last Updated: 06.2026

Summary: Input and update loan data in the financial institution’s computer system, prepare and verify loan documents for accuracy, and perform other duties as assigned and/or necessary.

MAJOR DUTIES & RESPONSIBILITIES:

  • Perform all collateral maintenance on various loan types including Commercial, Consumer, and Real Estate Loans.
  • Upload Consumer Loans and Indirect Loans.
  • Provide superior customer service to all loan customers over the phone, email or occasionally in person.
  • Assist lenders and customers researching answers to questions on their loans.
  • Monitor insurance coverage on all loan collateral and monitor flood insurance coverage when needed.
  • Perform daily and monthly balancing of Loan GL accounts and various bills and payments.
  • Process, maintain files, and update computer information for new and paid loans including checking legal documents for proper vesting, legal descriptions, closing dates, and signatures.
  • Ensure all loan collateral is properly secured, including insurance, UCC filings, titles, and other required lien perfection items.
  • Understand and follow bank/department regulations, policies, and procedures, and participate in all compliance-related training
  • Perform other duties as assigned and/or necessary

EDUCATION & EXPERIENCE:

  • Bachelor’s or associate degree in business, finance, accounting or related field preferred, or an equivalent combination of education and experience
  • High school diploma or equivalent required
  • Previous experience in a bank and/or lending environment desired
  • Knowledge of Bank loan products desired
  • Strong customer service background
  • Strong verbal and written communication skills
  • Ability to work under general supervision, manage multiple priorities, and meet deadlines
  • Ability to retain large amounts of information
  • Ability to understand different loan types, loan structures and variable rates
  • Strong computer and technical skills
  • Strong attention to detail
  • Strong analytical, critical thinking, problem solving skills
  • Ability to understand and comply with bank policies and regulations, including RESPA and others

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