Loan Specialist Salaries & Top Paying Companies in Birmingham, AL

Position

City

Salary

How much does a Loan Specialist make in Birmingham, AL?

The average salary for a Loan Specialist is $201,455 per year in Birmingham, AL.

Graph depicting the yearly salary distribution for Loan Specialist jobs in Birmingham, AL, showing an average salary of $201,455 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Loan Specialist jobs in Birmingham, AL, showing an average salary of $16,788 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Loan Specialist jobs in Birmingham, AL, showing an average salary of $3,874 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Loan Specialist jobs in Birmingham, AL, showing an average salary of $97 with varying distribution percentages across salary ranges.

Job seekers in Birmingham, AL, interested in a role as a Loan Specialist can expect competitive salaries. The average yearly salary for a Loan Specialist in this area is around $201,455. This figure reflects a strong earning potential for those in this profession.

Salaries for Loan Specialists in Birmingham can vary based on experience and role specifics. For instance, those just starting out might earn around $32,000 per year. As experience grows, the average salary can climb to upwards of $459,205 annually. This range highlights the potential for significant income growth in this field.

What are the highest paying cities for a Loan Specialist near Birmingham, AL?

Loan Specialist jobs offer competitive pay, especially in the cities near Birmingham, AL. Huntsville, AL, tops the list with an average salary of $156,255. This makes it an attractive location for those seeking high earnings in this field. Nearby cities like Madison and Montgomery also provide solid opportunities with average salaries above $100,000.

Graph displaying highest paying cities salaries for Loan Specialist jobs near Birmingham, AL, highlighting Huntsville, AL with the highest at $156,255 and Anniston, AL with the lowest at $47,305.

Huntsville, AL
Average Salary: $156,255
Huntsville offers a vibrant job market for those in the lending industry. This city boasts several key financial institutions, including Amegy Bank and Pinnacle Bank. These companies provide various opportunities for growth and stability.
Find Loan Specialist jobs in Huntsville, AL
Northport, AL
Average Salary: $127,429
Northport is a great place for professionals in lending. The area's financial sector is strong, with companies like Wells Fargo and BBVA Compass. These employers focus on offering solid career paths and comprehensive benefits.
Find Loan Specialist jobs in Northport, AL
Madison, AL
Average Salary: $117,500
In Madison, you can find numerous lending jobs with reputable companies like Wells Fargo and BBVA. The city's strong financial services sector provides plenty of opportunities for career advancement and job stability.
Find Loan Specialist jobs in Madison, AL
Montgomery, AL
Average Salary: $111,350
Montgomery has a thriving finance industry, making it ideal for those in lending. Companies like BBVA Compass and Wells Fargo are prominent here. They offer a stable work environment and potential for career growth.
Find Loan Specialist jobs in Montgomery, AL
Tuscaloosa, AL
Average Salary: $84,362
Tuscaloosa offers a range of opportunities for lending professionals. The presence of companies like BBVA Compass and Wells Fargo ensures a robust job market. These firms provide competitive salaries and solid career opportunities.
Find Loan Specialist jobs in Tuscaloosa, AL
Mobile, AL
Average Salary: $75,395
Mobile has a growing lending sector, with companies like Amegy Bank and Pinnacle Bank. These employers are known for their supportive work environment and opportunities for advancement.
Find Loan Specialist jobs in Mobile, AL
Decatur, AL
Average Salary: $74,968
Decatur provides a solid market for lending professionals. Here, you can find opportunities with companies like BBVA Compass and Wells Fargo. These firms are known for their stability and career growth potential.
Find Loan Specialist jobs in Decatur, AL
Hoover, AL
Average Salary: $71,950
In Hoover, the lending industry offers many opportunities. With companies such as Wells Fargo and BBVA Compass, professionals can expect a stable work environment and chances for advancement.
Find Loan Specialist jobs in Hoover, AL
Auburn, AL
Average Salary: $52,204
Auburn's financial services sector is growing, offering good jobs for lending professionals. Companies like Wells Fargo and BBVA Compass provide a supportive work environment and career development opportunities.
Find Loan Specialist jobs in Auburn, AL
Anniston, AL
Average Salary: $47,305
Anniston has a solid market for lending jobs. Companies like BBVA Compass and Wells Fargo are active here. They offer good salaries and opportunities for professional growth.
Find Loan Specialist jobs in Anniston, AL

What are the best paying companies for a Loan Specialist in Birmingham, AL?

Loan Specialist jobs in Birmingham, AL, offer excellent opportunities with high earning potentials. Paramount Residential Mortgage Group and ServisFirst Bank both offer competitive salaries of $250,000, making them top choices for job seekers. The U.S. Small Business Administration provides a solid average salary of $88,923, presenting another viable option for those in this field.

Graph displaying best paying company salaries for Loan Specialist jobs in Birmingham, AL, highlighting Paramount Residential Mortgage Group with the highest at $250,000 and U.S. Small Business Administration with the lowest at $88,923.

Paramount Residential Mortgage Group
Average Salary: $250,000
Paramount Residential Mortgage Group offers exciting opportunities for Loan Specialists. They provide comprehensive loan services and work with clients in Birmingham, AL, and the surrounding areas. This company focuses on delivering excellent customer service and a seamless loan experience.
ServisFirst Bank
Average Salary: $250,000
ServisFirst Bank provides top-tier financial services in Birmingham, AL, and other parts of Alabama. Loan Specialists at ServisFirst Bank are essential in processing mortgage and personal loans. They work in a supportive environment, using advanced technology to assist clients with their financial needs.
U.S. Small Business Administration
Average Salary: $88,923
The U.S. Small Business Administration offers Loan Specialist positions that support small businesses in Birmingham, AL. Specialists work to ensure small businesses can access the loans they need for growth and success. This role involves working with various clients and helping them navigate the loan application process.

What are the best paying Loan Specialist related jobs in Birmingham, AL?

Portfolio Managers in Birmingham, AL, often enjoy high salaries, making them a top choice for job seekers. These professionals manage large investment funds, striving to achieve the best possible returns for clients. With an average salary of over $115,000, the role combines finance, strategy, and client interaction. Consumer Bankers in the area also earn well, with an average salary close to $112,000. This role requires a deep understanding of banking products and services, along with strong customer service skills. Bankers help individuals and small businesses with their financial needs, balancing growth with risk management.

Graph displaying best paying related job salaries for Loan Specialist jobs near Birmingham, AL, highlighting Portfolio Manager with the highest at $115,882 and Credit Analyst with the lowest at $65,166.

Portfolio Manager
Average Salary: $115,882
Portfolio managers in banking work with various financial instruments. They aim to maximize returns for their clients. In this role, experience with investment strategies is key.
Find Portfolio Manager jobs in Birmingham, AL
Consumer Banker
Average Salary: $111,595
Consumer bankers provide financial services to individuals. They help with personal banking needs. Many find work in local branches in the area.
Find Consumer Banker jobs in Birmingham, AL
Mortgage Loan Originator
Average Salary: $110,068
This job involves helping people apply for home loans. Loan originators explain loan terms and guide clients through the application process. They often work with large financial institutions.
Find Mortgage Loan Originator jobs in Birmingham, AL
Underwriter
Average Salary: $90,193
Underwriters review loan applications. They assess risks for lenders. This role requires attention to detail and a strong understanding of lending practices.
Find Underwriter jobs in Birmingham, AL
Financial Advisor
Average Salary: $81,867
Financial advisors offer guidance on investment decisions. They help clients build wealth and plan for the future. They work with a variety of clients, from individuals to businesses.
Find Financial Advisor jobs in Birmingham, AL
Risk Analyst
Average Salary: $79,285
Risk analysts identify potential risks for financial institutions. They evaluate data to predict future trends. They work closely with management to develop strategies to mitigate risks.
Find Risk Analyst jobs in Birmingham, AL
Branch Manager
Average Salary: $73,983
Branch managers oversee daily operations at bank branches. They lead teams and ensure smooth service for customers. This role involves a mix of customer service and staff management.
Find Branch Manager jobs in Birmingham, AL
Commercial Loan Officer
Average Salary: $70,097
Commercial loan officers help businesses secure loans. They assess the financial health of companies and determine loan eligibility. These officers often have strong negotiation skills.
Find Commercial Loan Officer jobs in Birmingham, AL
Operations Analyst
Average Salary: $65,516
Operations analysts review and improve bank processes. They identify areas for efficiency. This role often involves working with various departments to streamline operations.
Find Operations Analyst jobs in Birmingham, AL
Credit Analyst
Average Salary: $65,166
Credit analysts evaluate the creditworthiness of clients. They review financial documents and assess the risk of lending. They play a key role in the loan approval process.
Find Credit Analyst jobs in Birmingham, AL

Loan Specialist Salary in Birmingham, AL

How much does a Loan Specialist make in Birmingham, AL?

What are the highest paying cities for a Loan Specialist near Birmingham, AL?

What are the best paying companies for a Loan Specialist in Birmingham, AL?

Currently 1,049 Loan Specialist job openings, nationwide.

How's the job market for a Loan Specialist in the US?

Win at hiring.