Senior Mortgage Loan Originator Salaries in Alabama
How Much Does a Senior Mortgage Loan Originator Make in Alabama?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Senior Mortgage Loan Originator in Alabama is $45,238.
While Salary.com is seeing that Senior Mortgage Loan Originator salary in AL can go up to $58,653
or down to $32,000, but most earn between $38,309 and $52,260.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Senior Mortgage Loan Originator
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Similar Job Salaries to Senior Mortgage Loan Originator by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Truist Bank
Retail Mortgage Loan Originator
|
$86,741/yr
|
RANGE: $69,141 - $104,341
|
|
Marion Community Bank
Mortgage Loan Originator
|
$86,448/yr
|
RANGE: $68,908 - $103,988
|
|
Motto Mortgage Local
Mortgage Loan Originator
|
$83,809/yr
|
RANGE: $66,352 - $101,266
|
|
Peoples Independent Bank
Mortgage Loan Originator
|
$92,895/yr
|
RANGE: $74,046 - $111,743
|
|
Reliable mortgage Company LLC
Mortgage Loan Originator
|
$91,234/yr
|
RANGE: $72,723 - $109,746
|
|
USA Mortgage
Mortgage Loan Originator
|
$90,941/yr
|
RANGE: $72,489 - $109,393
|
|
First Continental Mortgage, Ltd
Mortgage Loan Originator -- Builder Account
|
$93,676/yr
|
RANGE: $74,669 - $112,683
|
|
Your Way Home
Mortgage Loan Originator - Producing Market Leader
|
$86,741/yr
|
RANGE: $69,141 - $104,341
|
|
Get It - Finance
Remote Mortgage Loan Originator | Work From Home
|
$91,234/yr
|
RANGE: $72,723 - $109,746
|
|
Get It - Finance
Remote Mortgage Loan Originator | Flexible Work from Home
|
$91,234/yr
|
RANGE: $72,723 - $109,746
|
Top 10 Highest Paying Cities For Senior Mortgage Loan Originator Jobs in Alabama
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Senior Mortgage Loan Originator can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Senior Mortgage Loan Originator job salaries in Alabama.
Some cities can pay higher salaries for Senior Mortgage Loan Originator jobs, which can indicate that there is a large demand for Senior Mortgage Loan Originator positions in this city.
The following table shows top 10 cities where the Senior Mortgage Loan Originator salary is higher than other cities in Alabama.
Huntsville takes first place in this list, followed by Madison, Gadsden.
The Senior Mortgage Loan Originator salary is $47,207 in Huntsville,
which is lower than the national average. There is 0 city's Senior Mortgage Loan Originator salary higher than national average in Alabama.
The average salary for a Senior Mortgage Loan Originator in Alabama is $45,238,
but we found that the city with the highest salary for Senior Mortgage Loan Originator jobs is Huntsville, AL, and it is higher than Madison.
Senior Mortgage Loan Originator jobs in Huntsville can have the opportunity to earn higher salaries than in other cities in Alabama.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Huntsville | $47,207 | $3,934 | $908 | $23 |
| Madison | $47,207 | $3,934 | $908 | $23 |
| Gadsden | $46,173 | $3,848 | $888 | $22 |
| Tuscaloosa | $46,124 | $3,844 | $887 | $22 |
| Birmingham | $45,976 | $3,831 | $884 | $22 |
| Tanner | $45,779 | $3,815 | $880 | $22 |
| Decatur | $45,632 | $3,803 | $878 | $22 |
| Mobile | $45,336 | $3,778 | $872 | $22 |
| Montgomery | $43,712 | $3,643 | $841 | $21 |
| Prattville | $43,712 | $3,643 | $841 | $21 |
What Does a Senior Mortgage Loan Originator Do?
Since they create loans, mortgage originators are part of the primary mortgage market; but they often quickly sell their loans into the secondary mortgage market.
Updated December 21, 2021
The Mortgagee's Loss Payee Clause is the clause that states that the mortgage loan holder is also a loss payee under the insurance policy.
Updated December 18, 2021
A secondary mortgage market is a market where mortgage loans and servicing rights are bought and sold by various entities.
Updated December 17, 2021
If the borrower stops making payments on their loan, the FHA pays the lender the unpaid balance on the mortgage.
Updated December 17, 2021
Freddie Mac (the Federal Home Loan Mortgage Corp.) is a government-sponsored enterprise that purchases, guarantees, and securitizes home loans.
Updated December 16, 2021
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Explore JobArchitectFrequently Asked Questions About a Senior Mortgage Loan Originator Salaries
What is the average of a Senior Mortgage Loan Originator in Alabama?
The Senior Mortgage Loan Originator salary range is from $38,309 to $52,260, and the average Senior Mortgage Loan Originator salary is $45,238/year in Alabama.
The Senior Mortgage Loan Originator's salary will change in different locations.
Which location pays the highest Senior Mortgage Loan Originator salary in the United States?
The Senior Mortgage Loan Originator salary in San Jose, CA is $61,778
which is the highest in the US.
What kinds of reasons will influence the Senior Mortgage Loan Originator's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Senior Mortgage Loan Originator.
What is the growth rate of the Senior Mortgage Loan Originator's salary?
If you are thinking of becoming a Senior Mortgage Loan Originator or planning the next step in your career, find the detailed salary report of a Senior Mortgage Loan Originator.
