How much does a Loan Servicing Clerk III make in Michigan? The average Loan Servicing Clerk III salary in Michigan is $48,438 as of April 24, 2024, but the range typically falls between $40,806 and $55,984. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Loan Servicing Clerk III Salary | $33,857 | MI | April 24, 2024 |
25th Percentile Loan Servicing Clerk III Salary | $40,806 | MI | April 24, 2024 |
50th Percentile Loan Servicing Clerk III Salary | $48,438 | MI | April 24, 2024 |
75th Percentile Loan Servicing Clerk III Salary | $55,984 | MI | April 24, 2024 |
90th Percentile Loan Servicing Clerk III Salary | $62,853 | MI | April 24, 2024 |
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.
Loan Review: Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.
Loan Servicing Clerk III performs routine loan servicing administrative tasks. Processes payments, disbursements, changes, and other transactions. Being a Loan Servicing Clerk III verifies the completeness and accuracy of documents. Performs calculations for distributions. Additionally, Loan Servicing Clerk III monitors escrow payments and tracks delinquencies. Researches customer and internal inquiries and delivers a response or solution. Maintains required electronic files and system inputs. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Loan Servicing Clerk III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Loan Servicing Clerk III typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Taylor, MI | Avg. Salary $49,371 | Date Updated April 24, 2024 |
Location Acme, MI | Avg. Salary $46,181 | Date Updated April 24, 2024 |
Location Ada, MI | Avg. Salary $47,604 | Date Updated April 24, 2024 |
Location Addison, MI | Avg. Salary $49,322 | Date Updated April 24, 2024 |
Location Adrian, MI | Avg. Salary $48,585 | Date Updated April 24, 2024 |
Location Afton, MI | Avg. Salary $45,592 | Date Updated April 24, 2024 |
Location Ahmeek, MI | Avg. Salary $46,672 | Date Updated April 24, 2024 |
Location Akron, MI | Avg. Salary $45,641 | Date Updated April 24, 2024 |
Location Alanson, MI | Avg. Salary $45,592 | Date Updated April 24, 2024 |
Location Alba, MI | Avg. Salary $45,592 | Date Updated April 24, 2024 |
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Loan Servicing Clerk III, the upper level is Loan Servicing Supervisor and then progresses to Loan Servicing Manager.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
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Job Title Billing Clerk III | Experience 3 - 5 | EducationHigh School | Salary Compared to This Job |
Job Title Claims Clerk III | Experience 3 - 5 | EducationHigh School | Salary Compared to This Job |
Job Title Commercial Loan Clerk | Experience 1 - 3 | EducationAssociates | Salary Compared to This Job |
Job Title Loan Collection Clerk III | Experience 3 - 5 | EducationHigh School | Salary Compared to This Job |
Job Title Loan Servicing Clerk I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Loan Servicing Clerk III salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Loan Servicing Clerk III salary varies from category to category. Click below to see Loan Servicing Clerk III salary in different categories.
About Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
Skills associated with Loan Servicing Clerk III: Loan Servicing, Transaction Monitoring, Quality Assurance Process, Payment Processing ...More
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Salary estimation for Loan Servicing Clerk III at companies like : The Longmont Progressive Center, Thar Instruments Inc, Ppm International Mail & Parcel Solutions LLC
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