Loan Interviewers and Clerks Salary in Detroit, MI

In Detroit, MI, loan interviewers and clerks typically earn a median annual salary of $49,360, which slightly exceeds the national median of $48,950 for this occupation. With a median hourly wage of $23.73, these earnings compare to the area's median household income of $75,123, indicating that individuals in this role generally earn less than the average household income within Detroit. This suggests that other household members might be contributing financially or multiple earners could be necessary per household to meet typical living expenses. The local unemployment rate is 4.50%, which may influence job availability and salary competitiveness for these roles.

For loan interviewers and clerks in Detroit, entry-level workers tend to earn less than their more experienced counterparts. Those at the lower end of the pay scale, specifically in the 10th percentile, earn approximately $38,840 annually, while those at the higher end, in the 90th percentile, can make around $60,170 per year. This significant salary range is driven by factors such as experience level, proficiency with relevant software systems, and specialized knowledge of loan products and regulations. As professionals gain experience and develop skills that enhance their efficiency and effectiveness in handling complex tasks or client interactions, they are often rewarded with higher salaries within this field.