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$31,802

Average Base Salary

$15/hr

Average Hourly Rate

$617

Average Bonus
The average mortgage broker salary in Alabama, United States is $31,802 or an equivalent hourly rate of $15. This is 11% lower (-$3,910) than the average mortgage broker salary in the United States. In addition, they earn an average bonus of $617. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Alabama, United States.
Salary by Experience

$23,229

Entry Level Salary

$37,530

Senior Level Salary
An entry level mortgage broker (1-3 years of experience) earns an average salary of $23,229. On the other end, a senior level mortgage broker (8+ years of experience) earns an average salary of $37,530.

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Job Description
Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
Education

The chart below breaks down accounts by the highest level of education obtained.

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The Lester Agency
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MORTGAGE BROKER; AUTOMOTIVE CAR SALES; RETIRED MILITARY; ACTIVE RESERVES; REAL ESTATE AGENT INDUSTRY; TITLE AGENTS; APPRAISERS; PHARMACEUTICAL SALES ; DOOR- TO-DOOR; SOUTHWEST ADVANTAGE; DIRECT BUY
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... mortgage broker , outside sales , inside sales , insurance sales , auto glass sales , door to door , roofing sales , ac sales , air conditioning sales , pharmaceutical sales , car sales , boat sales ...
About the Data

The above data is a data available in ERI Economic Research Institute's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. Try a free demo of the cloud-based Global Salary Calculator.

If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning. Try a free demo of the cloud-based Salary Assessor.

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