How much does a Loan Specialist make in Birmingham, AL?
In Birmingham, AL, a Loan Specialist can expect to earn a good salary. The average yearly salary for this role stands at $172,917. This figure reflects the overall compensation trend for Loan Specialists in the area, making it an attractive figure for professionals in this field.
The salary for Loan Specialists can vary based on factors such as experience and specific job responsibilities. Many specialists fall into the middle range of the salary spectrum, earning between $115,805 and $244,511 per year. This range provides a clear view of what one might earn at different stages of their career, whether they are just starting out or have more experience under their belt.
What are the highest paying cities for a Loan Specialist near Birmingham, AL?

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Huntsville, AL
Average Salary: $172,673
In Huntsville, loan professionals thrive in a vibrant economy with key players like Cummings Research Park. This tech hub offers numerous opportunities. The area's growth makes it a great place for those in the loan industry.
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Decatur, AL
Average Salary: $119,417
Decatur offers a friendly work environment for loan specialists. The city's smaller size allows for close-knit communities. Companies like Healthsouth focus on providing quality services, making Decatur a nice place for career growth.
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Mobile, AL
Average Salary: $92,610
Mobile is known for its maritime industry, offering unique opportunities for those in the loan sector. The Port of Mobile plays a big role in the local economy. This city provides a diverse work experience for loan professionals.
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Tuscaloosa, AL
Average Salary: $87,056
Tuscaloosa boasts a strong educational presence with the University of Alabama. This environment fosters growth and learning for loan specialists. The city's blend of education and industry creates a dynamic work atmosphere.
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Montgomery, AL
Average Salary: $86,949
Montgomery serves as the capital and offers various opportunities for those in the loan industry. The city's historical significance and government presence provide a stable work environment. It's a great place for career advancement.
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Dothan, AL
Average Salary: $67,372
Dothan offers a smaller city feel with a strong community spirit. It's known for its agriculture and healthcare sectors. Loan specialists in Dothan enjoy a supportive work environment with many local businesses.
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Hoover, AL
Average Salary: $62,155
Hoover, part of the Birmingham metro area, offers a mix of suburban and urban benefits. Major companies like Verizon and Toyota are located here. It provides good career opportunities for loan professionals looking for stability and growth.
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Auburn, AL
Average Salary: $55,604
Auburn is home to Auburn University, which brings a youthful and vibrant atmosphere. The city supports a diverse range of businesses. Loan specialists here benefit from a strong educational influence and a tight-knit community.
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Selma, AL
Average Salary: $35,750
Selma offers a close-knit community with a rich history. It provides a calm and steady work environment for loan professionals. The city's focus on healthcare and education creates a supportive setting for career development.
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Florence, AL
Average Salary: $35,710
Florence combines a small-town feel with modern amenities. The city's focus on healthcare and retail provides diverse opportunities. Loan specialists here enjoy a welcoming environment and strong community ties.
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What are the best paying companies for a Loan Specialist in Birmingham, AL?

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MISSION SAN JOSE MORTGAGE INC.
Average Salary: $324,433
MISSION SAN JOSE MORTGAGE INC. offers exciting Loan Specialist roles in Birmingham, AL. They focus on providing top-notch mortgage solutions. Their commitment to quality and customer service makes them a leader in the mortgage industry.
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Paramount Residential Mortgage Group Inc. (PRMG Inc.)
Average Salary: $250,000
Paramount Residential Mortgage Group Inc. (PRMG Inc.) is a premier choice for Loan Specialists in Birmingham, AL. They offer competitive salaries and opportunities to grow in a dynamic environment. PRMG Inc. operates multiple locations, providing flexible work options.
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ServisFirst Bank
Average Salary: $250,000
ServisFirst Bank provides rewarding Loan Specialist positions in Birmingham, AL. They emphasize teamwork and professional growth. The bank has several branches in the area, offering various career paths and benefits.
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Integrity Lending
Average Salary: $160,000
Integrity Lending is a reputable company for Loan Specialists in Birmingham, AL. They focus on ethical lending practices and customer satisfaction. Integrity Lending operates in multiple locations, giving employees diverse experiences.
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U.S. Small Business Administration
Average Salary: $96,635
The U.S. Small Business Administration offers Loan Specialist jobs in Birmingham, AL. They provide stable employment and opportunities for professional development. They operate nationally, with local offices in Birmingham.
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Regions Bank
Average Salary: $58,588
Regions Bank hires Loan Specialists in Birmingham, AL. They offer a supportive work environment with growth opportunities. The bank has numerous branches in the area, ensuring a variety of career options.
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Republic Finance
Average Salary: $34,000
Republic Finance is a good option for Loan Specialists in Birmingham, AL. They provide competitive wages and a chance to develop in the financial industry. They operate in various locations, offering flexibility and diverse experiences.
What are the best paying Loan Specialist related jobs in Birmingham, AL?

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Compliance Officer
Average Salary: $268,500
These roles ensure that lending practices follow local laws. They work with lenders to maintain the integrity of the financial process. Compliance Officers often collaborate with regulators in Birmingham, AL.
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Portfolio Manager
Average Salary: $107,821
Portfolio Managers oversee collections of financial assets. They analyze performance and make decisions to maximize returns. In Birmingham, AL, these professionals often manage investment portfolios for both individuals and institutions.
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Underwriter
Average Salary: $97,022
Underwriters assess the risk of lending money. They review applications and decide if the borrower is a good candidate for a loan. In Birmingham, AL, underwriters work closely with banks and credit unions to determine loan eligibility.
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Financial Advisor
Average Salary: $94,601
Financial Advisors guide clients on investment strategies. They help people manage their money effectively. In Birmingham, AL, these professionals work with various clients, offering tailored financial advice.
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Risk Analyst
Average Salary: $82,393
Risk Analysts evaluate potential risks for financial institutions. They analyze data to predict future trends. In Birmingham, AL, these analysts play a key role in helping banks manage loan portfolios.
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Branch Manager
Average Salary: $77,157
Branch Managers oversee daily operations at financial institutions. They ensure smooth service delivery and staff performance. In Birmingham, AL, these leaders manage teams that handle customer interactions and loan processes.
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Credit Analyst
Average Salary: $74,625
Credit Analysts evaluate loan applicants' creditworthiness. They review financial histories to decide on loan approvals. In Birmingham, AL, these professionals work with banks and credit unions to assess loan risks.
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Sales Specialist
Average Salary: $67,429
Sales Specialists promote financial products to potential customers. They build relationships and close deals. In Birmingham, AL, these roles often involve selling loans and other financial services.
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Operations Analyst
Average Salary: $64,055
Operations Analysts improve efficiency in financial operations. They analyze data and suggest improvements. In Birmingham, AL, these analysts work to streamline loan processing and other financial tasks.
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Fraud Analyst
Average Salary: $59,056
Fraud Analysts detect and prevent fraudulent activities. They monitor transactions for suspicious patterns. In Birmingham, AL, these professionals help safeguard the integrity of financial systems.
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