Mortgage Consultant Salary

Commissions constitute a big slice (slightly less than two-thirds on average) of overall compensation for Mortgage Consultants, and the median take-home for this group lies near $50K. Career duration 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. The majority of Mortgage Consultants (67 percent) survey respondents are male. Most Mortgage Consultants like their work and job satisfaction is high.

$23,990 - $92,368

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$9.79 - $21.97

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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
$23,990 - $92,368  
   
Bonus
$0.00 - $29,784  
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).
)
$27,185 - $114,229  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 84
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
$9.79 - $21.97  
   
Overtime
$0.07 - $35.01  
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 - $29,784  
   
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).
)
$27,185 - $114,229  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 26
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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


With a median salary of only $54K, Wells Fargo Home Mortgage pays the least. It seems that the compensation range of $25K to $85K isn't that wide, either.


Survey results show that Mortgage Consultants typically report just a few professional skills. 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 lot of experience tend to enjoy higher earnings. Relatively untried employees who have less than five years' experience have a median salary of $40K. Those who have been around for five to 10 years can expect to take home more — $51K on average. Mortgage Consultants bring in $63K after working for 10 to 20 years. Seasoned veterans with 20 years under their belts enjoy a median income of $83K.

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Experience Affects Mortgage Consultant Salaries

Late-Career
up arrow 67%

Experienced
up arrow 27%

Mid-Career
up arrow 2%

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 21 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
10%
1-4 years
41%
5-9 years
19%
10-19 years
16%
20 years or more
14%

Common Health Benefits

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