Mortgage Consultant Salary

Commissions comprise a big part of overall income for Mortgage Consultants. The median take-home amount in this area is around $49K, and on average, around half of that final number comes from commissions. Career duration is the biggest factor affecting pay for this group, followed by the specific employer. For the most part, Mortgage Consultants enjoy their work and report high levels of job satisfaction. Mortgage Consultants who participated in the survey are largely men, dominating at 65 percent. Medical and dental benefits are awarded to most, and the greater part earn vision coverage.

$24,389 - $86,218
(Median)
$24K
$40K
$86K
MEDIAN: $40,215
10%
50%
90%

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$9.06 - $21.76
(Median)
$9
$13
$22
MEDIAN: $13.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$24,389 - $86,218  
   
Bonus
$0.00 - $40,000  
Profit Sharing
$1,750  
Commission
$0.37 - $113,441  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,821 - $117,927  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 85
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$9.06 - $21.76  
   
Hourly Tips
$29.09  
Overtime
$0.21 - $33.28  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $40,000  
   
Commission
$0.37 - $113,441  
Profit Sharing
$1,750  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,821 - $117,927  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 28
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Job Description for Mortgage Consultant

  • Solicit mortgages and phone prospect through contact with realtors, builders, developer, and community banking branches.
  • Originate and close mortgages.
  • Interview and assist clients with home loans by analyzing and selecting appropriate programs.
  • Develop marketing strategies.

Mortgage Consultant Job Listings

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Popular Employer Salaries for Mortgage Consultant


Wells Fargo Home Mortgage is infamous for dishing out the smallest paychecks in the area (the median in that office is $53K), but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $25K while workers on the upper end may rake in $85K.


Survey takers who work as Mortgage Consultants typically report just a few professional skills. Mortgage Loans and Sales are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Sales and Mortgage Loans.

Pay by Experience Level for Mortgage Consultant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Folks with fewer than five years of experience take home $39K on average, and those who have worked for five to 10 years see a bigger median salary of $53K. After working for 10 to 20 years, Mortgage Consultants make a median salary of $83K. For some reason, Mortgage Consultants with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $78K.

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Experience Affects Mortgage Consultant Salaries

Experienced
up arrow 68%

Late-Career
up arrow 57%

Mid-Career
up arrow 7%

National Average
$49,000

Entry-Level
up arrow 21%

Skills That Affect Mortgage Consultant Salaries

National Average
$49,000

Mortgage Loans
up arrow 9%

Sales
up arrow 19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
11%
1-4 years
42%
5-9 years
19%
10-19 years
15%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 79%
medical benefits
Vision: 60%
dental benefits
None: 10%
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