Relationship Executive
JPMorgan Chase Bank, N.A. – Foley, AL
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How much does a Director of Mortgage Banking make in Alabama? As of September 01, 2026, the average salary for a Director of Mortgage Banking in Alabama is $59,723 per year, which breaks down to an hourly rate of $29.
However, a Director of Mortgage Banking's salary can vary significantly. Here's a look at the typical salary range:
Director of Mortgage Banking Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $63,934 | $5,328 | $1,229 | $31 |
| Average | $59,723 | $4,977 | $1,149 | $29 |
| 25th Percentile | $55,381 | $4,615 | $1,065 | $27 |
A Director of Mortgage Banking's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Director of Mortgage Banking's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Mortgage Loan Officer I | less than 1 year | $46,859 |
| Director of Mortgage Banking | 1-2 years | $58,846 |
| Mortgage Loan Officer III | 2-4 years | $85,818 |
| Mortgage Lending Assistant Manager | 5-8 years | $88,173 |
| Mortgage Lending Manager | over 8 years | $107,996 |
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Director of Mortgage Bankings. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Director of Mortgage Banking roles, the industry you choose can affect earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 10% above the average. In contrast, Director of Mortgage Banking positions in Business Services or Insurance typically offer lower base pay, as these industries often view Director of Mortgage Banking as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $65,695 | $32.0 | 10% |
| Edu., Gov't. & Nonprofit | $62,709 | $30.0 | 5% |
Understanding how a Director of Mortgage Banking's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $63,934 | $5,328 | $1,229 | $31 |
| Average | $59,723 | $4,977 | $1,149 | $29 |
| 25th Percentile | $55,381 | $4,615 | $1,065 | $27 |
Ready to take the next step in your career? Browse thousands of current Director of Mortgage Banking job openings on our job board. Use the search bar below to find your perfect match.
Zillow | QUIVIRA, KS
Zillow | QUIVIRA, KS
As a Mortgage Loan Officer at Zillow, you’ll guide homebuyers through the financing process, from pre-qualification to closing. You will consult with custo... more
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Zillow | SCOTTSDALE, AZ
Zillow | SCOTTSDALE, AZ
Zillow is seeking a Remote Mortgage Loan Officer to guide customers through home financing across our nationwide marketplace. In this fully remote role, yo... more
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Generations Home Loans | LAKE OSWEGO, OR
Generations Home Loans | LAKE OSWEGO, OR
Generations Home Loans is seeking a motivated Mortgage Loan Officer to join our Financial Services team in the Banking, Insurance & Investment industry. Yo... more
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Generations Home Loans | ORENCO, OR
Generations Home Loans | ORENCO, OR
Generations Home Loans is seeking a motivated Mortgage Loan Officer to join our Financial Services team in the Banking, Insurance & Investment industry. Yo... more
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Generations Home Loans | CANNON BEACH, OR
Generations Home Loans | CANNON BEACH, OR
Generations Home Loans is seeking a motivated Mortgage Loan Officer to join our Financial Services team in the Banking, Insurance & Investment industry. Yo... more
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Generations Home Loans | SALEM, OR
Generations Home Loans | SALEM, OR
Generations Home Loans is seeking a motivated Mortgage Loan Officer to join our Financial Services team in the Banking, Insurance & Investment industry. Yo... more
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