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 $195,712 per year in Birmingham, AL.

Graph depicting the yearly salary distribution for Loan Specialist jobs in Birmingham, AL, showing an average salary of $195,712 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 $16,309 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 $3,764 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 $94 with varying distribution percentages across salary ranges.

A Loan Specialist in Birmingham, AL, can expect to earn a competitive salary. The average yearly salary for this role is around $195,712. This number provides a solid understanding of the earning potential in this field. Job seekers can anticipate a rewarding career with good financial benefits.

The salary for Loan Specialists in Birmingham, AL, varies based on experience and expertise. Below are some key figures:

22.62% of specialists earn around $30,000.
6.79% earn approximately $72,902.
2.26% make about $115,805.
13.57% earn around $158,707.
9.05% make about $201,609.
31.67% earn between $244,511 and $287,414.
9.05% earn between $416,120 and $459,023.

This range shows that experienced specialists can earn significantly more.

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

Job seekers for Loan Specialist roles near Birmingham, AL, will find attractive opportunities in Northport, AL, where the average salary reaches $250,000. Huntsville, AL, offers an average salary of $162,678, making it a competitive choice. Madison, AL, provides an average salary of $121,250, with Montgomery, AL, close behind at $103,168. Additional cities like Tuscaloosa, AL, and Mobile, AL, present solid average salaries of $101,426 and $94,198, respectively. Decatur, AL, and Hoover, AL, provide competitive salaries of $86,176 and $61,063. Auburn, AL, and Dothan, AL, offer lower average salaries but remain viable options.

Graph displaying highest paying cities salaries for Loan Specialist jobs near Birmingham, AL, highlighting Northport, AL with the highest at $250,000 and Dothan, AL with the lowest at $37,792.

Northport, AL
Average Salary: $250,000
Northport offers a friendly environment for those looking to work in financial services. Locals often find positions with larger institutions, providing a stable career path. The average salary is around $250,000, making it attractive for skilled professionals.
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Huntsville, AL
Average Salary: $162,678
Huntsville's tech-savvy atmosphere makes it an excellent place for those in financial roles. Many major banks operate here, offering numerous job opportunities. With an average salary of around $162,678, it's a competitive market.
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Madison, AL
Average Salary: $121,250
Madison provides a balanced lifestyle with a strong job market in finance. Local companies often seek qualified candidates for various roles. The average salary here is about $121,250, offering a good balance of cost of living and earnings.
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Montgomery, AL
Average Salary: $103,168
Montgomery has a solid presence of financial institutions looking for dedicated professionals. The work culture is collaborative, and the average salary stands at around $103,168. It’s a city where career growth is possible.
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Tuscaloosa, AL
Average Salary: $101,426
Tuscaloosa offers a welcoming environment for financial professionals. The city’s institutions provide ample opportunities for career advancement. The average salary is about $101,426, making it a viable option for job seekers.
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Mobile, AL
Average Salary: $94,198
Mobile provides a vibrant job market with many options in the financial sector. The city's institutions often seek experienced candidates. The average salary is around $94,198, suitable for those looking to advance their careers.
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Decatur, AL
Average Salary: $86,176
Decatur offers a small-town feel with opportunities in the financial sector. Local banks and credit unions hire professionals to help with loan processing. The average salary here is about $86,176, offering a good earning potential.
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Hoover, AL
Average Salary: $61,063
Hoover has a strong presence of financial companies looking for skilled professionals. The job market is competitive, with many opportunities for career growth. The average salary is around $61,063, reflecting the city's economic environment.
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Auburn, AL
Average Salary: $52,086
Auburn is known for its academic environment and has many job opportunities in finance. Local banks and financial institutions hire professionals with various skill sets. The average salary is about $52,086, providing a reasonable income.
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Dothan, AL
Average Salary: $37,792
Dothan offers a more relaxed job market with opportunities in financial roles. Local companies often seek candidates for entry-level and experienced positions. The average salary is around $37,792, offering a decent earning potential.
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What are the best paying companies for a Loan Specialist in Birmingham, AL?

Loan Specialist jobs offer great earning potential in Birmingham, AL. Paramount Residential Mortgage Group and ServisFirst Bank stand out with average salaries of around $250,000. Regions Financial provides a competitive salary of about $65,734, making it a strong option for many job seekers. Consider these companies for top-tier opportunities in the Loan Specialist field. The U.S. Small Business Administration also offers a solid salary of approximately $90,493. These firms provide a range of benefits and career growth, attracting skilled professionals.

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 $65,734.

Paramount Residential Mortgage Group
Average Salary: $250,000
Paramount Residential Mortgage Group offers exciting opportunities for Loan Specialists in Birmingham, AL. They work with clients to provide tailored mortgage solutions. This company is part of a larger organization with offices in multiple locations.
ServisFirst Bank
Average Salary: $250,000
ServisFirst Bank is known for its comprehensive financial services and offers top-notch positions for Loan Specialists in Birmingham, AL. They focus on customer satisfaction and loan processing efficiency. The bank has branches throughout the state of Alabama.
U.S. Small Business Administration
Average Salary: $90,493
The U.S. Small Business Administration (SBA) provides Loan Specialists in Birmingham, AL with rewarding work. They assist small businesses in securing loans and financial support. The SBA operates nationwide, with a strong focus on community development.
Regions Financial
Average Salary: $65,734
Regions Financial offers Loan Specialist roles in Birmingham, AL. They provide a range of banking services and are known for their client-focused approach. This company operates multiple branches across the southeastern United States.

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

High-paying roles related to Loan Specialist jobs in Birmingham, AL, include Compliance Officer and Mortgage Loan Originator. These positions offer competitive salaries, with a Compliance Officer earning up to $268,500 annually. Mortgage Loan Originators also see substantial pay, around $121,386 per year. Other notable roles include Portfolio Manager, Consumer Banker, and Underwriter. These positions provide solid compensation, with salaries ranging from $115,882 to $97,653. Job seekers can find promising opportunities in these areas to advance their careers.

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
Ensuring financial operations follow regulations, Compliance Officers work closely with loan professionals. This role is crucial in banks like BBVA Compass and Regions Bank. It often involves reviewing loan documents and procedures.
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Mortgage Loan Originator
Average Salary: $121,386
Helping clients secure home loans, Mortgage Loan Originators play a key role in financial services firms. They work in places like Wells Fargo and Chase. They explain loan options and help clients complete paperwork.
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Portfolio Manager
Average Salary: $115,882
Managing investment portfolios, these professionals work in firms like Merrill Lynch and UBS. They aim to grow clients' investments. Their work often involves analyzing market trends and making informed decisions.
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Consumer Banker
Average Salary: $111,595
Consumer Bankers assist customers with their banking needs. They work in banks like BBVA Compass and AmSouth Bank. They handle transactions, answer questions, and provide financial advice.
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Underwriter
Average Salary: $97,653
Assessing risk, Underwriters decide if clients qualify for loans. They work at companies like USAA and Protective Life. They review loan applications and financial documents to make informed decisions.
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Financial Advisor
Average Salary: $86,868
Offering financial planning, these advisors work for firms like Edward Jones and Fidelity Investments. They help clients achieve their financial goals. Their services include investment advice and retirement planning.
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Risk Analyst
Average Salary: $82,054
Evaluating potential risks, Risk Analysts work in banks and investment firms. They help companies make smart decisions. Their work involves studying market trends and financial data.
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Branch Manager
Average Salary: $78,949
Overseeing daily operations, Branch Managers work in banks like BBVA Compass and Regions Bank. They ensure smooth service. They manage staff and ensure customer satisfaction.
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Loan Processor
Average Salary: $77,250
Handling paperwork, Loan Processors ensure loans move through the approval process. They work in financial institutions. They review documents and prepare files for underwriters.
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Credit Analyst
Average Salary: $71,105
Assessing creditworthiness, Credit Analysts help companies decide who to lend money to. They work for banks like BBVA Compass and AmSouth Bank. They review financial documents and credit reports.
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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 1,087 Loan Specialist job openings, nationwide.

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

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