A large fraction of take-home pay for Mortgage Consultants comes from commissions — just over two-fifths on average, in fact. The median overall income in this field is approximately $45K. Career length is the biggest factor affecting pay for this group, followed by the specific employer. Most Mortgage Consultants like their work and job satisfaction is high. Medical benefits are awarded to most, and nearly all earn dental coverage. Male Mortgage Consultants are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 52 percent of the field.

$25,638 - $73,644
(Median)
$26K
$39K
$74K
MEDIAN: $39,305
10%
50%
90%

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$9.27 - $25.17
(Median)
$9
$15
$25
MEDIAN: $15.00
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$32K$64K$96K
Salary
$25,638 - $73,644  
   
Bonus
$515 - $67,871  
Commission
$20,000  
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).
)
$30,585 - $93,600  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 31
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$16$32$48
Hourly Rate
$9.27 - $25.17  
   
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$32K$64K$96K
Bonus
$515 - $67,871  
   
Commission
$20,000  
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).
)
$30,585 - $93,600  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 18
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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

  • 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 offers the lowest pay, with a median salary of just $54K. The pay scale doesn't vary widely, either; compensation ranges from $34K to $85K.

Pay by Experience Level for Mortgage Consultant

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


Salaries for the relatively untried average out to around $36K, but survey participants with five to 10 years of experience earn a significantly higher median of $59K. Mortgage Consultants with one to two decades of relevant experience report an average salary of approximately $78K. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.

Related Job Salaries

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Experience Affects Mortgage Consultant Salaries

Experienced
up arrow 72%

Late-Career
up arrow 70%

Mid-Career
up arrow 30%

National Average
$45,000

Entry-Level
up arrow 22%

Skills That Affect Mortgage Consultant Salaries

Sales
up arrow 32%

National Average
$45,000

Mortgage Loans
up arrow 1%

Job Satisfaction

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

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
6%
1-4 years
41%
5-9 years
22%
10-19 years
24%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 94%
medical benefits
Vision: 70%
dental benefits
None: 3%
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