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Loan Associate Jobs in Michigan (NOW HIRING)

American First Funding

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Mortgage Loan Processor - HOI & Payoffs

Southfield, MI ยท On-site

$25/hr

Accounting, finance, or business Associate's degree preferred - High school diploma or GED required * 2 years minimum experience in loan processing required * Excellent written and verbal ...

Proctor Loan Protector

Insurance Specialist I

Troy, MI ยท On-site

Proctor Loan Protector does not sponsor any type of work visa's or STEM programs.* Summary: The ... Associate's or Bachelor's degree in a business or financial related discipline * Experience in a ...

Proctor Loan Protector

Insurance Specialist I

Troy, MI ยท On-site

Review loans that reject in the insurance batch before finalizing insurance disbursements for that ... Associate's or Bachelor's degree in a business or financial related discipline * Experience in a ...

Proctor Loan Protector

Insurance Specialist I

Troy, MI ยท On-site

Proctor Loan Protector does not sponsor any type of work visa's or STEM programs.* Summary: The ... Associate's or Bachelor's degree in a business or financial related discipline * Experience in a ...

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Showing results 21-40

All JobsLoan Associate JobsLoan Associate Jobs in Michigan

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.

Emerging Market Mortgage Loan Originator

First Financial Bank

Grand Rapids, MI โ€ข On-site

Full-time

Re-posted 7 days ago

Job description

We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written!
If you are interested and qualified for this role, we invite you to apply.
As a First Financial Bank (FFB) Mortgage Loan Originator, you will originate mortgage loans sourced through your established referral partners, our retail banking branches, internal departments, and marketing efforts to builders, realtors, and other referral sources. The position will be required to self-source mortgage leads, convert into applications, present personalized mortgage products and solutions to potential customers, produce required disclosures, procure intent to proceed, collect borrower documents needed to satisfy loan conditions, and work with internal departments to ensure a superior customer experience and timely loan closing.
Essential Functions/Responsibilities
  • Consistently achieves monthly loan production volume as specified in the MLO Agreement.
  • Generates new business to assist in meeting established profitability goals.
  • Responsible for developing and maintaining business plan for growth of this business area.
  • Networks with assigned bank branches, internal departments, employees, local organizations/businesses, realtors, builders, and other referral sources to generate mortgage leads.
  • Evaluates needs of potential customers and offers appropriate mortgage products and services, or provides referral to appropriate specialist within the Bank.
  • Prepares and compiles mortgage application and information for processing of mortgage loan applications generated.
  • Ensures completeness of loan documentation.
  • Oversees timely closing and funding of loans.
  • Provides ongoing relationship servicing with current mortgage customers to maintain goodwill and gain additional business.
  • Responds to mortgage inquiries and requests regarding accounts from assigned branches.
  • Promotes and cross-sells other bank products and services as appropriate to customer requirements.
  • Provides data to support marketing and sales promotion programs.
  • Works directly with sales manager to assist with CRA loan initiatives in local market.
  • Other duties may be assigned.

Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job
  • Minimum of 2 years' experience originating residential mortgages, 4 years preferred.
  • Must have existing referral network established to provide mortgage leads.
  • Must have prior experience using loan originating software and MS Office products.
  • Strong product knowledge and underwriting requirements for Conventional and Government (FHA, VA, USDA) mortgage programs.
  • Bachelor's degree (B.A.) from four-year college or university; or four years related experience and/or training; or equivalent combination of education and experience.
  • Must have or ability to obtain Mortgage Loan Originator License with NMLS.
  • Must be trained in all areas of mortgage lending.
  • Must maintain employer and industry required continuing education.

Preferred Knowledge and Skills
Level of Complexity and Scope
Degree of Independence and Decision-Making
Required Supervisory Responsibilities
Physical Requirements
Compliance Statement
The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.
Development and Training
Benefits
We have relevant, thoughtful benefits and programs that support every aspect of our associates' holistic wellbeing. Please review our Benefits Guide.
Incentive Eligibility
All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions.
It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law.
We are an E-Verify Employer.

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