Mortgage Consultant Salary

Total annual pay for Mortgage Consultants is approximately $49K, and commissions account for a significant portion of this final number — slightly less than two-thirds on average. Career length and the company each impact pay for this group, with the former having the largest influence. Work is enjoyable for Mortgage Consultants, who typically claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of Mortgage Consultants (67 percent) who took the survey are men.

$24,026 - $91,648
(Median)
$24K
$41K
$92K
MEDIAN: $41,141
10%
50%
90%

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$9.86 - $21.87
(Median)
$9
$14
$22
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$24,026 - $91,648  
   
Bonus
$0.00 - $29,677  
Commission
$100.01 - $108,500  
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).
)
$27,575 - $112,552  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 85
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$9.86 - $21.87  
   
Overtime
$0.14 - $34.88  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $29,677  
   
Commission
$100.01 - $108,500  
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).
)
$27,575 - $112,552  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 27
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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


The consistently lowest paying firm is Wells Fargo Home Mortgage, where the median salary is just $54K. There isn't much variation there, either; the pay scale ranges only from $25K to $85K.


Professional skills reported by Mortgage Consultants are few in number. Mortgage Loans and Sales are considered valuable skills and can increase employee pay. Sales and Mortgage Loans, on the other hand, are typically associated with much lower pay.

Pay by Experience Level for Mortgage Consultant

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


Mortgage Consultants with a rich background of experience are typically rewarded with larger paychecks. Salaries for inexperienced workers average out to $51K, and those with five to 10 years' experience earn a higher median of $40K. Mortgage Consultants with one to two decades of relevant experience report an average salary of approximately $63K. Old hands who claim more than two decades on the job enjoy average earnings of $83K.

Related Job Salaries

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Experience Affects Mortgage Consultant Salaries

Late-Career
up arrow 69%

Experienced
up arrow 28%

Mid-Career
up arrow 3%

National Average
$49,000

Entry-Level
up arrow 19%

Skills That Affect Mortgage Consultant Salaries

National Average
$49,000

Mortgage Loans
up arrow 8%

Sales
up arrow 21%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
11%
1-4 years
41%
5-9 years
19%
10-19 years
16%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 78%
vision benefits Vision: 61% employee benefits None: 10%
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