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 $188,355 per year in Birmingham, AL.

Graph depicting the yearly salary distribution for Loan Specialist jobs in Birmingham, AL, showing an average salary of $188,355 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 $15,696 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 $3,622 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 $91 with varying distribution percentages across salary ranges.

A Loan Specialist in Birmingham, AL, can expect to earn a competitive salary. On average, these professionals make about $188,355 per year. The range of salaries can vary based on experience, skills, and company. For instance, someone new to the field might earn around $30,000 per year, while a more experienced specialist could earn upwards of $459,023.

The salary for a Loan Specialist can depend on several factors. Experienced professionals with advanced certifications may earn higher salaries. Companies in different sectors, such as banking or mortgage services, can also influence the salary. Additionally, a specialist who handles large loan amounts may earn more than those dealing with smaller loans. The data shows a wide salary range, indicating a potential for growth and higher earnings with experience and expertise.

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

Job seekers interested in Loan Specialist positions should explore cities near Birmingham, AL. Northport, AL, offers the highest average salary at $250,000. Close behind is Huntsville, AL, with an average salary of $164,433. Madison, AL, also presents competitive salaries, making it a good location for those in the field. Other nearby cities like Tuscaloosa, AL, and Montgomery, AL, show promising opportunities for Loan Specialists with average salaries around $108,917 and $96,056, respectively. Decatur, AL, Mobile, AL, Hoover, AL, Auburn, AL, and Dothan, AL, also provide various salary ranges for professionals in this line of work.

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 $38,150.

Northport, AL
Average Salary: $250,000
In Northport, providing financial services as a specialist is a key role. Professionals here work closely with clients to secure loans and financial services. Local banks and credit unions offer many opportunities.
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Huntsville, AL
Average Salary: $164,433
Huntsville offers a vibrant job market for financial experts. Companies here focus on advanced financial technologies. Workers help clients navigate mortgage and personal loans, working with innovative firms.
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Madison, AL
Average Salary: $121,250
Madison is a great place to work in finance. Specialists assist clients with a range of loan services. The area has several financial institutions, offering varied career paths.
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Tuscaloosa, AL
Average Salary: $108,917
Tuscaloosa has a strong community focus on finance. Specialists here work to understand clients' needs. Local banks and community lenders create a supportive work environment.
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Montgomery, AL
Average Salary: $96,056
Montgomery offers diverse opportunities for finance specialists. They play a key role in helping clients with loans. The city's financial sector includes banks and credit unions.
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Decatur, AL
Average Salary: $94,872
In Decatur, finance specialists are in demand. They guide clients through the loan process. Local companies value their expertise in financial services.
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Mobile, AL
Average Salary: $76,608
Mobile provides a dynamic job market for finance experts. Specialists assist with a variety of loans. The area’s financial institutions offer many career opportunities.
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Hoover, AL
Average Salary: $61,063
Hoover offers excellent prospects for financial professionals. Specialists here work on mortgage and personal loans. Local banks and credit unions are hiring.
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Auburn, AL
Average Salary: $50,746
Auburn has a growing demand for financial specialists. They help clients with their loan needs. Local financial firms offer many opportunities to build a career.
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Dothan, AL
Average Salary: $38,150
Dothan provides a stable environment for finance experts. Specialists assist clients with their financial needs. Local lenders value their skills in loan services.
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What are the best paying companies for a Loan Specialist in Birmingham, AL?

Paramount Residential Mortgage Group and ServisFirst Bank top the list for the highest paying Loan Specialist jobs in Birmingham, AL. Both companies offer annual salaries upwards of $250,000. For those interested in a more stable federal position, the U.S. Small Business Administration offers a competitive salary of about $90,493 per year. Regions Financial and Republic Finance also provide Loan Specialist opportunities, though with lower average salaries. Regions Financial pays around $65,734 annually, while Republic Finance offers approximately $33,333 per year. Each option presents unique benefits and growth potential for job seekers.

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 Republic Finance with the lowest at $33,333.

Paramount Residential Mortgage Group
Average Salary: $250,000
Paramount Residential Mortgage Group offers exciting Loan Specialist jobs in Birmingham, AL. This company provides a supportive environment for Loan Specialists to grow. They have multiple locations across the state of Alabama.
ServisFirst Bank
Average Salary: $250,000
ServisFirst Bank provides top-tier Loan Specialist jobs in Birmingham, AL. They focus on creating a welcoming and professional atmosphere. Their branches span across multiple locations in Alabama.
U.S. Small Business Administration
Average Salary: $90,493
The U.S. Small Business Administration (SBA) offers rewarding Loan Specialist jobs in Birmingham, AL. The company supports small businesses and helps them thrive. They have offices across the nation.
Regions Financial
Average Salary: $65,734
Regions Financial provides Loan Specialist positions in Birmingham, AL. They emphasize teamwork and professional growth. Their branches are located throughout Alabama.
Republic Finance
Average Salary: $33,333
Republic Finance offers Loan Specialist jobs in Birmingham, AL. They focus on financial services and helping clients. Their presence is felt across multiple locations in Alabama.

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

Finding a rewarding career as a Loan Specialist in Birmingham, AL, opens doors to many high-paying positions. Compliance Officers lead with an average salary of $268,500 annually. This role ensures all lending practices meet legal and company standards, making it both prestigious and lucrative. Next, Portfolio Managers oversee investment portfolios, earning about $115,882 per year. They manage assets to maximize returns for clients, combining strategic planning with financial acumen. These roles demonstrate the strong earning potential within the loan specialist field.

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
A Compliance Officer ensures that businesses follow laws and regulations. In this role, you will work closely with loan officers and lenders. You will review loan applications to ensure compliance with federal and state laws. Companies such as BBVA and Regions Bank in Birmingham employ Compliance Officers.
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Portfolio Manager
Average Salary: $115,882
A Portfolio Manager oversees investment portfolios. This includes managing loans and other financial assets. You will analyze market trends and make investment decisions. At banks like BBVA and Wells Fargo in Birmingham, Portfolio Managers play a crucial role in financial management.
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Consumer Banker
Average Salary: $111,595
Consumer Bankers help individuals with their financial needs. You will assist clients with savings accounts, loans, and credit cards. This role requires strong customer service skills. BBVA and AmSouth Bank in Birmingham provide opportunities for Consumer Bankers.
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Underwriter
Average Salary: $97,653
Underwriters assess the risk of lending money to individuals or businesses. You will review loan applications and determine the likelihood of repayment. Underwriters work at major banks like Regions Bank and BBVA in Birmingham to ensure sound financial practices.
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Mortgage Loan Originator
Average Salary: $92,772
Mortgage Loan Originators help clients apply for home loans. You will guide clients through the application process and explain loan options. At companies like Chase and AmSouth Bank in Birmingham, these professionals play a key role in helping people buy homes.
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Financial Advisor
Average Salary: $87,743
Financial Advisors provide guidance on investments, retirement plans, and other financial decisions. You will help clients achieve their financial goals. Companies such as Edward Jones and Raymond James in Birmingham employ Financial Advisors.
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Risk Analyst
Average Salary: $82,666
Risk Analysts evaluate potential risks in financial transactions. You will analyze data to identify risks related to loans and investments. At firms like BBVA and Regions Bank, Risk Analysts help protect the company's financial interests.
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Branch Manager
Average Salary: $80,067
Branch Managers oversee daily operations at bank branches. You will manage staff, ensure customer satisfaction, and meet financial targets. BBVA and AmSouth Bank in Birmingham offer opportunities for Branch Managers.
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Loan Processor
Average Salary: $77,250
Loan Processors handle the paperwork for loan applications. You will ensure all documents are complete and accurate. At banks like BBVA and AmSouth Bank, Loan Processors support the loan process from start to finish.
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Credit Analyst
Average Salary: $71,105
Credit Analysts evaluate the creditworthiness of individuals and businesses. You will review financial information and determine the risk of lending money. BBVA and Regions Bank in Birmingham hire Credit Analysts to assess loan applicants.
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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 1,252 Loan Specialist job openings, nationwide.

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

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