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The median salary for Loan Interviewers and Clerks in Michigan is $51,501 per year ($24.76/hr). This is 3% higher than the national median of $50,024.
About This Role
BLS Standard Occupational Classification 2018
Interview loan applicants to elicit information; investigate applicants’ backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
Wage Percentiles: Michigan
Hourly & annualized (2,080 hours) · National adjusted
Percentile
Hourly Rate
Annual Salary
vs National
P10Entry level
$18.75
$39,000
+4.5%
P25
$22.86
$47,549
+5.4%
P50MEDIAN
$24.76
$51,501
+3.0%
P75
$29.72
$61,818
+2.0%
P90Top earners
$32.53
$67,662
-3.0%
Get the full percentile report
P10–P90 breakdown, career outlook, industry wages, and JOLTS market signal for Loan Interviewers and Clerks
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Career Outlook
BLS Employment Projections · 2024-2034
10-year growth
-2.3%
Slower than average
Annual openings
13K
per year, on avg
Workforce today
178K
as of 2024
Why those openings exist
0% from new growth100% from people leaving the role
Most openings come from replacement, not growth. Retention matters more than recruiting here.
Typical entry requirements
Education
High school diploma or equivalent
Experience
None
On-the-job training
Short-term on-the-job training
Industry Wage Breakdown
Top 2 industries by employment · median annual wage, sector-specific
Industry
Workforce
Median Pay
Credit Intermediation and Related Activities (5221 and 5223 only)
NAICS 5220A1
84K
$50,130
Nondepository Credit Intermediation
NAICS 522200
49K
$49,150
See the complete picture
Full percentile breakdown · JOLTS market signals · Geographic comparison · AI analyst briefs
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Frequently Asked Questions
What is the median loan interviewers and clerks salary in Michigan?
The median (P50) annual salary for Loan Interviewers and Clerks in Michigan is approximately $51,501, based on BLS OEWS May 2025 data. This is 3% higher than the national median of $50,024. For the full P10–P90 breakdown and market context, open CompSignal.
Wage figures on this page come from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment & Wage Statistics (OEWS) survey, May 2025 release. OEWS surveys roughly 1.1 million establishments annually. It is the most comprehensive employer-reported wage dataset in the United States.
P10 through P90 percentiles represent the wage distribution across all surveyed employers (not self-reported by workers). Geographic adjustments use BLS-derived cost multipliers calibrated from regional wage variation.
Wages are estimates. Individual compensation depends on experience, education, employer size, industry, and negotiation. Use this as benchmark context, not absolute ground truth.
CompSignal is a free labor market intelligence tool built for HR, compensation, and talent acquisition teams. We make BLS data, the same primary source Mercer and Radford cross-reference in their paid surveys, searchable and actionable without an enterprise subscription.
Built and maintained by Falcon Incentives, a compensation strategy and incentive design consultancy.