Mortgage Consultant Salary

For Mortgage Consultants, bonuses and commissions account for a significant portion of income and add up to more than four-fifths of their $50K annual pay. Career length and the company each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Work is enjoyable for Mortgage Consultants, who typically claim high levels of job satisfaction. Male Mortgage Consultants who responded to the survey are more common than women; more than half (68 percent) are men. This report is based on answers to PayScale's salary questionnaire.

$24,063 - $90,894
(Median)
$24K
$41K
$91K
MEDIAN: $40,884
10%
50%
90%

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$10.00 - $21.65
(Median)
$10
$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
$24,063 - $90,894  
   
Bonus
$0.00 - $30,503  
Commission
$193.92 - $120,559  
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).
)
$28,505 - $118,498  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 86
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
$10.00 - $21.65  
   
Overtime
$0.21 - $34.75  
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 - $30,503  
   
Commission
$193.92 - $120,559  
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).
)
$28,505 - $118,498  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 29
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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 $54K), 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.


Just a handful of professional skills are reported by Mortgage Consultants who took the survey. Mortgage Loans and Sales are considered valuable skills and can increase employee pay. Sales and Mortgage Loans as skills, however, tend to be associated with significantly smaller paychecks.

Pay by Experience Level for Mortgage Consultant

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


Mortgage Consultants with a lot of experience tend to enjoy higher earnings. Average salaries for inexperienced employees average out to around $40K, but folks who have five to 10 years of experience earn a higher median of $51K. Mortgage Consultants bring in $69K after working for 10 to 20 years. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $83K.

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Experience Affects Mortgage Consultant Salaries

Late-Career
up arrow 68%

Experienced
up arrow 39%

Mid-Career
up arrow 4%

National Average
$50,000

Entry-Level
up arrow 20%

Skills That Affect Mortgage Consultant Salaries

National Average
$50,000

Mortgage Loans
up arrow 8%

Sales
up arrow 22%

Job Satisfaction

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

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
10%
1-4 years
42%
5-9 years
18%
10-19 years
17%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 76%
vision benefits Vision: 59% employee benefits None: 12%
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