Mortgage Consultant Salary

Annual compensation for Mortgage Consultants is typically heavily supplemented by bonuses and commissions and totals around $48K (including $46K from bonuses and commissions). Experience level is the biggest factor affecting pay for this group, followed by the specific employer. More than half of Mortgage Consultants (61 percent) survey participants are women. Nearly all have medical and dental plans, and a strong majority have vision insurance. The majority of workers are highly satisfied with their job. The information for this snapshot was generated by responses to the PayScale salary survey.

$29,187 - $75,506
$29K
$37K
$76K
MEDIAN: $36,553
10%
50%
90%

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$9.12 - $35.00
$9
$16
$35
MEDIAN: $16.19
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
$29,187 - $75,506  
   
Bonus
$511 - $68,510  
Commission
$9,250  
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).
)
$30,605 - $106,583  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 28
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
$9.12 - $35.00  
   
Hourly Tips
$29.09  
Overtime
$24.96  
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
$511 - $68,510  
   
Commission
$9,250  
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).
)
$30,605 - $106,583  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 14

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Job Description for Mortgage Consultant

Mortgage consultants must be able to guide customers through the home-buying process to help them make the best decision in accordance with their financial needs. These consultants should have people skills and some experience and/or training in sales or customer service, and some employers prefer those who have been trained in sales, customer service, or financial services. Many mortgage consultants begin as customer service advisors in order to develop the necessary skills for this position.

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Mortgage Consultant Tasks

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

Mortgage Consultant Job Listings

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Popular Employer Salaries for Mortgage Consultant


Pay by Experience Level for Mortgage Consultant

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


Survey participants with less than five years' experience pocket $36K on average, but those with five to 10 years of experience enjoy a much bigger median of $60K. The average pay reported by folks with 10 to 20 years of experience is around $86K. 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.

Related Job Salaries

Key Stats for Mortgage Consultant

Gender

Female
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
Less than 1 year
7%
1-4 years
36%
5-9 years
29%
10-19 years
21%
20 years or more
7%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mortgage Consultant Salaries

Experienced
▲81%

Late-Career
▲63%

Mid-Career
▲26%

National Average
$48,000

▼25%

Skills That Affect Mortgage Consultant Salaries

Sales
▲24%

National Average
$48,000

Mortgage Loans
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
7%
1-4 years
36%
5-9 years
29%
10-19 years
21%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 96%
vision benefits
Vision: 72%
dental benefits
None: 4%
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