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 $202,878 per year in Birmingham, AL.

Graph depicting the yearly salary distribution for Loan Specialist jobs in Birmingham, AL, showing an average salary of $202,878 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 $16,906 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 $3,902 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 $98 with varying distribution percentages across salary ranges.

In Birmingham, AL, a Loan Specialist earns an average yearly salary of $202,878. This profession involves helping clients with loans, which includes tasks like reviewing applications and approving credit. It can be a good career choice for those interested in finance and customer service.

The salary can vary based on experience and the company. For instance, those just starting might earn around $32,000. However, experienced Loan Specialists can make over $450,000 a year. This job can offer growth and higher pay with more experience.

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

Loan Specialist jobs offer good pay in several cities near Birmingham, AL. The highest-paying city is Northport, AL, where the average salary is $250,000. This makes it an attractive option for those seeking higher earnings. Huntsville, AL, also provides competitive salaries, with an average of $162,800 per year for Loan Specialist positions.

Graph displaying highest paying cities salaries for Loan Specialist jobs near Birmingham, AL, highlighting Northport, AL with the highest at $250,000 and Anniston, AL with the lowest at $49,566.

Northport, AL
Average Salary: $250,000
In Northport, financial services are thriving. Job seekers can find opportunities with local banks and financial institutions. With a focus on customer service, professionals help people secure the loans they need.
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Huntsville, AL
Average Salary: $162,800
Huntsville offers a dynamic job market for those in finance. Many tech-driven companies require loan specialists to manage mortgage and personal loans. The aerospace industry also offers specific loan services.
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Madison, AL
Average Salary: $121,250
Madison's growth attracts loan professionals. The city is home to several credit unions and banks. Specialists here play a key role in helping customers with financing needs.
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Montgomery, AL
Average Salary: $110,085
Montgomery provides a stable environment for loan specialists. The city hosts government institutions and financial firms. Professionals assist with a variety of loan types to meet diverse needs.
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Mobile, AL
Average Salary: $94,198
Mobile's port industry creates unique loan opportunities. Specialists work with maritime businesses and logistics firms. They help secure financing for shipping and port-related needs.
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Tuscaloosa, AL
Average Salary: $93,606
Tuscaloosa offers a blend of urban and small-town job opportunities. Local banks and credit unions need loan professionals. Specialists work closely with clients to provide tailored loan solutions.
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Decatur, AL
Average Salary: $82,831
Decatur’s community-focused atmosphere creates a great environment for loan specialists. The city has several local banks and credit unions. Professionals here focus on building relationships with clients.
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Hoover, AL
Average Salary: $63,569
Hoover's booming economy attracts financial professionals. The city has many financial institutions and businesses. Loan specialists assist clients with various loan options to meet their needs.
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Auburn, AL
Average Salary: $50,746
Auburn’s vibrant college town offers many opportunities for loan specialists. The city has educational institutions and local banks. Professionals here support students and faculty with financing options.
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Anniston, AL
Average Salary: $49,566
Anniston provides a close-knit job market for loan specialists. The city has community banks and financial firms. Professionals here focus on helping clients with personal and business loans.
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What are the best paying companies for a Loan Specialist in Birmingham, AL?

Paramount Residential Mortgage Group and ServisFirst Bank offer some of the highest salaries for Loan Specialists in Birmingham, AL, often exceeding $250,000 annually. These companies value skilled professionals and are known for providing competitive compensation packages. Meanwhile, U.S. Small Business Administration and Regions Financial also offer solid wages, with averages around $88,923 and $77,646 respectively, making them attractive options for those seeking stability and growth.

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 Regions Financial with the lowest at $77,646.

Paramount Residential Mortgage Group
Average Salary: $250,000
Paramount Residential Mortgage Group offers Loan Specialist positions in Birmingham, AL. They focus on providing high-quality mortgage services. Their operations extend to multiple states, offering opportunities for growth and development.
ServisFirst Bank
Average Salary: $250,000
ServisFirst Bank seeks Loan Specialists in Birmingham, AL. They are a well-known financial institution offering various banking services. Their Loan Specialists play a crucial role in helping clients with their mortgage needs.
U.S. Small Business Administration
Average Salary: $88,923
The U.S. Small Business Administration provides Loan Specialist positions in Birmingham, AL. They support small businesses by offering financial assistance and resources. Their Loan Specialists assist entrepreneurs in securing the funds they need to grow.
Regions Financial
Average Salary: $77,646
Regions Financial offers Loan Specialist roles in Birmingham, AL. They are a large financial services company with a strong presence in the Southeast. Loan Specialists at Regions Financial help clients with their financial needs, offering a range of loan products.

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

Loan Specialists in Birmingham, AL, can find some of the highest-paying roles in compliance and mortgage origination. Compliance Officers lead the pack with an average salary of $268,500. Mortgage Loan Originators follow closely, earning about $121,386 per year. These roles demand strong analytical skills and a deep understanding of financial regulations.

Graph displaying best paying related job salaries for Loan Specialist jobs near Birmingham, AL, highlighting Compliance Officer with the highest at $268,500 and Credit Analyst with the lowest at $71,105.

Compliance Officer
Average Salary: $268,500
These professionals ensure that financial services meet local, state, and federal regulations. They work closely with loan officers to review policies and procedures. Their work is vital to avoid legal issues for the company.
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Mortgage Loan Originator
Average Salary: $121,386
They connect clients with mortgage products that suit their needs. These professionals evaluate client finances and guide them through the application process. They work for banks and mortgage companies in the area.
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Portfolio Manager
Average Salary: $115,882
They manage investment portfolios for clients or the company. These professionals analyze market trends and make investment decisions. They work in finance companies and banks, often collaborating with loan officers.
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Consumer Banker
Average Salary: $111,595
These individuals help clients with personal banking needs. They provide advice on savings, loans, and investments. Many work for large banks and credit unions in the area.
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Underwriter
Average Salary: $97,653
They assess the risk of lending money to clients. They review applications and determine if the client can repay the loan. Underwriters work for banks and other financial institutions, collaborating closely with loan officers.
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Financial Advisor
Average Salary: $85,288
They offer advice on investments, retirement, and other financial matters. Many clients come to them seeking guidance on loans and mortgages. Financial advisors often work for investment firms and banks.
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Risk Analyst
Average Salary: $81,397
They identify and assess potential financial risks for the company. They work with loan officers to ensure loans are granted to low-risk clients. Risk analysts are employed by banks and financial services companies.
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Branch Manager
Average Salary: $79,141
They oversee the daily operations of a bank branch. Branch managers ensure that all staff provide excellent service to clients. They work for local and national banks and credit unions.
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Loan Processor
Average Salary: $77,250
They handle the paperwork for loan applications. They ensure all documents are in order before the loan is approved. Loan processors work for banks and mortgage companies in the area.
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Credit Analyst
Average Salary: $71,105
They review applications to determine the creditworthiness of potential borrowers. They assess financial documents and credit history. Credit analysts work for banks, credit unions, and financial services companies.
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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 1,074 Loan Specialist job openings, nationwide.

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

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